Unity, Wisconsin Property Taxes
The median property tax rate in Unity, WI is 1.47%, notably 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 $134,700 in Unity, the typical annual property tax bill amounts to $1,941, which is below the national median of $2,690. Property taxes in Unity are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Unity'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 Unity or elsewhere in Clark County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Unity, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$1,980
Ownwell’s Unity Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Unity with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Unity to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Unity, Wisconsin
Property taxes in Unity, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Unity is 1.47%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Unity set these rates annually, and they can vary significantly across different neighborhoods. Each year, Unity 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 Unity's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54488 has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Unity 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 Unity Tax Rate
1.47%
Average Clark County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Unity, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54488 | 1.35% | 1.41% | 1.47% | 1.55% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Unity, Wisconsin
In Unity, 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 local 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 Unity, 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 Unity is $134,700, with tax bills ranging from $1,392 at the 25th percentile to $4,072 at the 90th percentile. The zip code 54488 has both the highest and lowest median tax bill at $1,941. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Unity Assessed Value
$134,700
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 Unity, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54488 | $62,200 | $90,575 | $134,700 | $198,900 | $279,300 |
Source: Ownwell
Property Tax Bills Across Unity, Wisconsin
In Unity, WI, property tax bills are determined by a combination of the assessed value of the property and the local tax rate. The median home price in Unity is $134,700. Property assessments are conducted to determine the value of a home, which is then multiplied by the local tax rate to calculate the annual tax bill. For instance, homeowners in the 25th percentile pay around $1,392, while those in the 75th percentile see bills closer to $2,967. The tax bill for properties in the 90th percentile can reach up to $4,072. Comparatively, the national median property tax rate stands at 0.99%, making Unity's property tax rates relatively moderate. Factors such as property improvements, market conditions, and local government budgets influence these assessments. High property taxes can significantly impact homeowners by increasing the overall cost of owning a home, while lower taxes can make homeownership more affordable. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Unity Tax Bill
$1,941
Average Clark County Tax Bill
$2,005
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Unity, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54488 | $849 | $1,392 | $1,941 | $2,967 | $4,072 |
Source: Ownwell