Navarino, Wisconsin Property Taxes
The median property tax rate in Navarino, WI is 1.34%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $142,610 in Navarino, the typical annual property tax bill amounts to $1,890, falling below the national median of $2,690. Property taxes in Navarino are determined based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Navarino's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Navarino or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Navarino, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s NAVARINO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NAVARINO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NAVARINO 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 Navarino, Wisconsin
Property taxes in Navarino, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Navarino is 1.34%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Navarino set these rates annually, and they can vary significantly across different neighborhoods. Each year, Navarino 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 Navarino's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54107 zip code has both the highest and lowest median property tax rate of 1.34%. Understanding how these cities compare with Navarino 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 Navarino Tax Rate
1.34%
Average Shawano County Tax Rate
1.29%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Navarino, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54107 | 1.27% | 1.29% | 1.34% | 1.38% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Navarino, Wisconsin
In Navarino, 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 Navarino, 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 Navarino helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1890, found in the zip code 54107.
Average Navarino Assessed Value
$142,610
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 Navarino, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54107 | $127,133 | $132,937 | $142,610 | $152,284 | $158,088 |
Source: Ownwell
Property Tax Bills Across Navarino, Wisconsin
In Navarino, located in Shawano County, WI, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in Navarino is $142,610, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors such as the home's location, size, and any applicable exemptions or abatements also play a role in determining the final amount. For homeowners in Navarino, the tax bill can vary significantly. The 25th percentile tax bill is $1,820, while the 75th percentile tax bill reaches $1,959. At the 90th percentile, homeowners can expect to pay around $2,000. The highest and lowest median tax bills in the area are both $1,890, corresponding to the zip code 54107. Compared to the national median property tax rate of 0.99%, Navarino's property taxes can be seen as relatively high, impacting homeowners' overall expenses and influencing the affordability of homeownership in the region.
Average Navarino Tax Bill
$1,890
Average Shawano County Tax Bill
$2,012
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Navarino, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54107 | $1,779 | $1,820 | $1,890 | $1,959 | $2,000 |
Source: Ownwell