Owen, Wisconsin Property Taxes
The median property tax rate in Owen, WI is 1.67%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Owen, the typical annual property tax bill reaches $1,794, exceeding the national median of $2,690. Property taxes in Owen 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 Owen'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 Owen 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
Owen, 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 Owen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Owen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Owen 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 Owen, Wisconsin
Property taxes in Owen, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Owen is 1.67%, significantly higher than the U.S. national median of 0.99%. Local government entities within Owen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Owen 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 Owen's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54460 has the highest median property tax rate of 1.67%, while the same zip code also has the lowest median tax rate of 1.67%. Understanding how these cities compare with Owen 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 Owen Tax Rate
1.67%
Average Clark County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Owen, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54460 | 1.35% | 1.49% | 1.67% | 2.06% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Owen, Wisconsin
In Owen, 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 Owen, 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 in Owen is $103,600, with tax bills ranging from $1,080 at the 25th percentile to $3,874 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,794, found in the 54460 zip code. 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 Owen Assessed Value
$103,600
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 Owen, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54460 | $35,040 | $59,250 | $103,600 | $164,550 | $231,860 |
Source: Ownwell
Property Tax Bills Across Owen, Wisconsin
In Owen, located in Clark County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate. For homeowners in Owen, the tax rate is 1.73%, which is higher than the national median property tax rate of 0.99%. Factors influencing the tax bill include the market value of the property, any applicable exemptions, and the local tax rate. For example, a median home price in Owen is $103,600, leading to a range of tax bills. At the 25th percentile, homeowners might pay around $1,080, while at the 75th percentile, the bill could be as high as $2,836. The 90th percentile sees tax bills reaching up to $3,874. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Therefore, understanding how these taxes are calculated can help homeowners plan their finances more effectively.
Average Owen Tax Bill
$1,794
Average Clark County Tax Bill
$2,005
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Owen, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54460 | $555 | $1,080 | $1,794 | $2,836 | $3,874 |
Source: Ownwell