Granton, Wisconsin Property Taxes
The median property tax rate in Granton, WI is 1.46%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $107,000 in Granton, the typical annual property tax bill reaches $1,572, falling below the national median of $2,690. Property taxes in Granton are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Granton'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 Granton or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Granton, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$1,562
Ownwell’s Granton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Granton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Granton 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 Granton, Wisconsin
Property taxes in Granton, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Granton is 1.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within Granton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Granton 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 Granton's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54436 has the highest median property tax rate of 1.46%, while the lowest median tax rate is also 1.46% in the same zip code. Understanding how these cities compare with Granton provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Granton Tax Rate
1.46%
Average Clark County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Granton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54436 | 1.13% | 1.31% | 1.46% | 1.58% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Granton, Wisconsin
In Granton, 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 Clark 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 Granton, 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. The median home price in Granton is $107,000, with tax bills ranging from $931 at the 25th percentile to $3,321 at the 90th percentile. Being aware of these valuation processes in Granton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Granton Assessed Value
$107,000
Average Clark County Assessed Value
$124,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Granton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54436 | $32,760 | $70,200 | $107,000 | $158,450 | $222,900 |
Source: Ownwell
Property Tax Bills Across Granton, Wisconsin
In Granton, located in Clark County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors and reflects the market value of the property. Once the property's value is assessed, it is multiplied by the tax rate set by local government entities, including schools, municipalities, and counties, to determine the annual tax bill. For instance, with a median home price of $107,000, homeowners in Granton can expect varying tax bills depending on their property's value and specific circumstances. Tax bills in the 25th percentile are around $931, while those in the 75th percentile reach approximately $2,277. The 90th percentile sees tax bills as high as $3,321. Comparatively, the highest median tax bill in the area is $1,572, which is significantly higher than the national median property tax rate of 0.99%. These property taxes directly impact homeowners by funding essential local services such as public schools, infrastructure, and emergency services, thereby contributing to the community's overall quality of life.
Average Granton Tax Bill
$1,572
Average Clark County Tax Bill
$2,005
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Granton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54436 | $432 | $931 | $1,572 | $2,277 | $3,321 |
Source: Ownwell