Gordon, Wisconsin Property Taxes
The median property tax rate in Gordon, WI is 0.90%, slightly below the national median of 0.99% and significantly lower than the Wisconsin state median of 1.58%. With the median home value in Gordon at $192,800, the typical annual property tax bill amounts to $1,785, which is substantially less than the national median of $2,690. Property taxes in Gordon are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Gordon'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 Gordon 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
Gordon, 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 Gordon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gordon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gordon 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 Gordon, Wisconsin
Property taxes in Gordon, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gordon is 0.90%, which is lower than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Gordon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gordon 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 Gordon's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54838 zip code has both the highest and lowest median property tax rate of 0.90%. Understanding how these cities compare with Gordon provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gordon Tax Rate
0.90%
Average Douglas County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gordon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54838 | 0.81% | 0.83% | 0.90% | 0.98% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Gordon, Wisconsin
In Gordon, 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 Douglas County Assessor 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 Gordon, 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 Gordon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest and lowest median tax bills in the area are both $1,785, found in the zip code 54838. This insight can help homeowners in Gordon better understand their property tax landscape and take appropriate actions.
Average Gordon Assessed Value
$192,800
Average Douglas County Assessed Value
$170,250
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gordon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54838 | $87,850 | $129,925 | $192,800 | $290,775 | $405,500 |
Source: Ownwell
Property Tax Bills Across Gordon, Wisconsin
In Gordon, located in Douglas County, WI, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market worth. Homeowners in Gordon face a range of tax bills, with the 25th percentile paying around $1,225 and the 75th percentile paying up to $2,594. At the 90th percentile, tax bills can reach as high as $3,484. These tax bills are influenced by several factors, including the property's size, location, and any improvements made. The median home price in Gordon is $192,800, which serves as a baseline for these assessments. Compared to the national median property tax rate of 0.99%, Gordon's property taxes can be relatively moderate or high depending on the specific home and its assessed value. For homeowners, understanding how these factors impact their tax bill is crucial. It helps them anticipate annual expenses and plan their finances accordingly, ensuring they are prepared for the costs associated with homeownership in Gordon.
Average Gordon Tax Bill
$1,785
Average Douglas County Tax Bill
$2,072
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Gordon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54838 | $759 | $1,225 | $1,785 | $2,594 | $3,484 |
Source: Ownwell