Burnett, Wisconsin Property Taxes
The median property tax rate in Burnett, WI is 0.13%, significantly lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Burnett, the typical annual property tax bill is $254, well below the national median of $2,690. Property taxes in Burnett are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Burnett'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 Burnett 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
Burnett, 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 Burnett Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential property owners looking to estimate their annual property taxes in Burnett. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Burnett to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities with ease. For those interested in more granular information, you can explore trends at a neighborhood level by scrolling down. Your property's assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Burnett, Wisconsin
Property taxes in Burnett, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burnett is 1.72%, significantly higher than the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Burnett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burnett 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 Burnett's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the highest median property tax rate in the region is 2.11%, while the lowest median tax rate is 1.18%. Understanding how these cities compare with Burnett provides valuable insights into the varying tax landscape across Dodge County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burnett Tax Rate
0.13%
Average Dodge County Tax Rate
0.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burnett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53922 | 0.11% | 0.12% | 0.13% | 0.13% | 0.14% |
Source: Ownwell
Property Tax Assessment Values Across Burnett, Wisconsin
In Burnett, 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. 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. Being aware of these valuation processes in Burnett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Burnett is $203,350, with tax bills ranging from $195 at the 25th percentile to $402 at the 90th percentile. The zip code 53922 has the highest and lowest median tax bills at $254.
Average Burnett Assessed Value
$203,350
Average Dodge County Assessed Value
$188,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burnett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53922 | $89,260 | $154,725 | $203,350 | $254,450 | $315,590 |
Source: Ownwell
Property Tax Bills Across Burnett, Wisconsin
In Burnett, located in Dodge 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 who evaluate the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. In Burnett, the median home price is $203,350, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $195, while the 75th percentile tax bill reaches $328, and the 90th percentile tax bill climbs to $402. These variations are influenced by factors such as property size, location, and any applicable exemptions. The highest and lowest median tax bills in the area are both $254, indicating a relatively consistent tax rate within certain zip codes. Understanding how these factors interplay can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Burnett Tax Bill
$254
Average Dodge County Tax Bill
$288
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Burnett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53922 | $107 | $195 | $254 | $328 | $402 |
Source: Ownwell