South Range, Wisconsin Property Taxes
The median property tax rate in South Range, WI is 1.06%, slightly higher than the national median of 0.99% but lower than Wisconsin's state median of 1.58%. With a median home value of $168,300, the typical annual property tax bill in South Range reaches $1,795, which is below the national median of $2,690. Property taxes here 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 South Range'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 South Range or another part of Douglas County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Range, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,784
Ownwell’s South Range Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Range with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Range 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 South Range, Wisconsin
Property taxes in South Range, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Range is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within South Range set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Range 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 South Range's effective property tax rate to other areas in Douglas County and the national median. For comparison, the 54874 zip code has both the highest and lowest median property tax rate of 1.06%. Understanding how these areas compare with South Range 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 South Range Tax Rate
1.06%
Average Douglas County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Range, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54874 | 0.85% | 0.92% | 1.06% | 1.14% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across South Range, Wisconsin
In South Range, 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 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 South Range, 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 South Range is $168,300, with tax bills ranging from $1,210 at the 25th percentile to $3,271 at the 90th percentile. The highest and lowest median tax bills are both $1,795 in the 54874 zip code. By understanding 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 South Range helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average South Range Assessed Value
$168,300
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 South Range, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54874 | $82,550 | $122,700 | $168,300 | $225,775 | $291,550 |
Source: Ownwell
Property Tax Bills Across South Range, Wisconsin
Property tax bills in South Range, located in Douglas County, WI, are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is an estimate of the property's market value as determined by local assessors. Various factors influence the assessed value, including the home's location, size, and condition. The local tax rate is then applied to this assessed value to calculate the tax bill. Homeowners in South Range can expect their property tax bills to vary widely. For instance, the 25th percentile tax bill is around $1,210, while the 75th percentile tax bill reaches $2,460, and the 90th percentile tax bill is $3,271. These figures show a significant range, reflecting the diversity in property values within the area. Compared to the national median property tax rate of 0.99%, South Range's property tax bills can be either relatively modest or quite substantial, affecting homeowners differently based on their property's assessed value.
Average South Range Tax Bill
$1,795
Average Douglas County Tax Bill
$2,072
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across South Range, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54874 | $733 | $1,210 | $1,795 | $2,460 | $3,271 |
Source: Ownwell