Hewitt, Wisconsin Property Taxes
The median property tax rate in Hewitt, WI is 1.34%, higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Hewitt, the typical annual property tax bill reaches $2,644, just below the national median of $2,690. Property taxes in Hewitt are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hewitt'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 Hewitt 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
Hewitt, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$2,664
Ownwell’s Hewitt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hewitt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hewitt 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 Hewitt, Wisconsin
Property taxes in Hewitt, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hewitt is 1.34%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hewitt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hewitt 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 Hewitt's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54441 zip code has the highest median property tax rate of 1.34%, while the 54441 zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Hewitt provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hewitt Tax Rate
1.34%
Average Wood County Tax Rate
1.75%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hewitt, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54441 | 1.27% | 1.31% | 1.34% | 1.37% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Hewitt, Wisconsin
In Hewitt, 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 Wood 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 Hewitt, 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 Hewitt is $198,800, with tax bills ranging from $2,026 at the 25th percentile to $4,208 at the 90th percentile. The highest and lowest median tax bills, both $2,644, are found in the 54441 zip code. 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 Hewitt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hewitt Assessed Value
$198,800
Average Wood County Assessed Value
$143,800
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hewitt, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54441 | $113,180 | $155,275 | $198,800 | $264,850 | $305,050 |
Source: Ownwell
Property Tax Bills Across Hewitt, Wisconsin
In Hewitt, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Hewitt is $198,800, and the property tax rate is higher than the national median of 0.99%, leading to substantial tax bills for homeowners. Factors such as property size, location, and improvements can influence the assessed value. For instance, homes in Hewitt have tax bills ranging from $2,026 at the 25th percentile to $4,208 at the 90th percentile, reflecting the variance in property values and conditions. The highest median tax bill in the nearby area is $2,644 in the 54441 zip code. These property taxes significantly impact homeowners by contributing to local services like schools, emergency services, and infrastructure. Understanding how these taxes are calculated can help homeowners plan and potentially appeal their assessments if they believe they are overvalued.
Average Hewitt Tax Bill
$2,644
Average Wood County Tax Bill
$2,331
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hewitt, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54441 | $1,467 | $2,026 | $2,644 | $3,617 | $4,208 |
Source: Ownwell