Cashton, Wisconsin Property Taxes
The median property tax rate in Cashton, WI is 1.48%, which is 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 $175,800 in Cashton, the typical annual property tax bill amounts to $2,516, slightly below the national median of $2,690. Property taxes in Cashton are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Cashton'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 Cashton 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
Cashton, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$2,602
Ownwell’s Cashton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cashton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cashton 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 Cashton, Wisconsin
Property taxes in Cashton, Wisconsin, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Cashton is 1.48%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cashton set these rates annually, and they can vary across different neighborhoods. Each year, Cashton 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 Cashton's effective property tax rate to other regions in Vernon County and the national median. For comparison, the zip code 54619 has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these areas compare with Cashton provides valuable insights into the varying tax landscape across Vernon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cashton Tax Rate
1.48%
Average Vernon County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cashton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54619 | 1.16% | 1.28% | 1.48% | 1.64% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Cashton, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cashton, Wisconsin. 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 Vernon 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 Cashton, 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 instance, the median home price is $175,800, with tax bills ranging from $1,525 at the 25th percentile to $4,481 at the 90th percentile. The zip code 54619 has both the highest and lowest median tax bill of $2,516. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cashton Assessed Value
$175,800
Average Vernon County Assessed Value
$157,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cashton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54619 | $48,890 | $112,850 | $175,800 | $241,850 | $283,030 |
Source: Ownwell
Property Tax Bills Across Cashton, Wisconsin
In Cashton, located in Vernon County, WI, property tax bills are determined based on the assessed value of a property. The local tax assessor evaluates properties to establish their assessed values, which are then used to calculate the tax bill. Homeowners in Cashton pay property taxes that range from $1,525 at the 25th percentile to $4,481 at the 90th percentile, with the highest median tax bill recorded at $2,516 in the zip code 54619. These tax bills are influenced by factors such as the property's market value, local levy rates, and any applicable exemptions or deductions. The assessed value is often a percentage of the market value, and this assessed value is then multiplied by the local tax rate to determine the final tax bill. For homeowners, these property taxes fund essential community services like schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Cashton's property taxes reflect the local economic conditions and community needs, impacting the overall cost of homeownership.
Average Cashton Tax Bill
$2,516
Average Vernon County Tax Bill
$2,337
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cashton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54619 | $658 | $1,525 | $2,516 | $3,584 | $4,481 |
Source: Ownwell