Mattoon, Wisconsin Property Taxes
The median property tax rate in Mattoon, WI is 1.39%, which is significantly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Mattoon at $55,789, the typical annual property tax bill amounts to $832, falling below the national median of $2,690. Property taxes in Mattoon are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Mattoon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mattoon or another part of Shawano County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mattoon, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$775
Ownwell’s Mattoon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mattoon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mattoon to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mattoon, Wisconsin
Property taxes in Mattoon, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mattoon is 1.39%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Mattoon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mattoon estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Mattoon's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54450 zip code has the highest median property tax rate of 1.39%, while the same zip code also represents the lowest median tax rate of 1.39%. Understanding how these cities compare with Mattoon provides valuable insights into the varying tax landscape across Shawano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mattoon Tax Rate
1.39%
Average Shawano County Tax Rate
1.29%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mattoon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54450 | 1.37% | 1.38% | 1.39% | 1.68% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Mattoon, Wisconsin
In Mattoon, Wisconsin, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Shawano County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Mattoon, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Mattoon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54450 has both the highest and lowest median tax bills, with a value of $832.
Average Mattoon Assessed Value
$55,789
Average Shawano County Assessed Value
$142,102
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mattoon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54450 | $27,497 | $42,910 | $55,789 | $71,082 | $90,069 |
Source: Ownwell
Property Tax Bills Across Mattoon, Wisconsin
In Mattoon, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a crucial role in the assessment. Homeowners in Mattoon face varying tax bills depending on their property's value. For instance, the 25th percentile tax bill is around $691, while the 75th percentile tax bill reaches approximately $1056. The 90th percentile tax bill can go up to $1290. Comparatively, the median home price in Mattoon is $55,789, making the property tax rate relatively high when compared to the national median property tax rate of 0.99%. This higher tax rate can significantly impact homeowners, affecting their annual expenses and overall cost of living. Understanding these factors helps homeowners plan better and manage their finances effectively.
Average Mattoon Tax Bill
$832
Average Shawano County Tax Bill
$2,012
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Mattoon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54450 | $522 | $691 | $832 | $1,056 | $1,290 |
Source: Ownwell