Westboro, Wisconsin Property Taxes
The median property tax rate in Westboro, WI is 1.47%, considerably higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With a median home value of $95,500 in Westboro, the typical annual property tax bill reaches $1,356, which is below the national median of $2,690. Property taxes in Westboro are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Westboro'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 Westboro or another part of Taylor County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Westboro, 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 Westboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westboro 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 Westboro, Wisconsin
Property taxes in Westboro, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westboro is 1.47%, significantly higher than the U.S. national median of 0.99%. Local government entities within Westboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westboro 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 Westboro's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54490 has both the highest and lowest median property tax rate of 1.47%. Understanding how these areas compare with Westboro provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Westboro Tax Rate
1.47%
Average Taylor County Tax Rate
1.43%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westboro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54490 | 1.16% | 1.33% | 1.47% | 1.55% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Westboro, Wisconsin
In Westboro, 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 Taylor 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 Westboro, 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. For example, the median home price in Westboro is $95,500, with tax bills ranging from $705 at the 25th percentile to $3,221 at the 90th percentile. The highest and lowest median tax bills are both $1,356 in the zip code 54490. 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 Westboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Westboro Assessed Value
$95,500
Average Taylor County Assessed Value
$122,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Westboro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54490 | $25,880 | $53,025 | $95,500 | $155,350 | $215,360 |
Source: Ownwell
Property Tax Bills Across Westboro, Wisconsin
In Westboro, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Westboro is $95,500. Property taxes are influenced by several factors, including the assessed value of the property, which is determined by local assessors, and the tax rate set by local government authorities. For homeowners in Westboro, the property tax bill can vary significantly. At the 25th percentile, the tax bill is $705, while at the 75th percentile, it rises to $2,317. For those at the 90th percentile, the bill can reach up to $3,221. These variations reflect differences in property values and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Westboro's property taxes can be seen as relatively moderate. Homeowners need to consider these costs when budgeting for homeownership, as property taxes can significantly impact overall housing affordability.
Average Westboro Tax Bill
$1,356
Average Taylor County Tax Bill
$1,816
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Westboro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54490 | $326 | $705 | $1,356 | $2,317 | $3,221 |
Source: Ownwell