Arkansaw, Wisconsin Property Taxes
The median property tax rate in Arkansaw, WI is 1.21%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Arkansaw at $155,100, the typical annual property tax bill is $1,789, which is below the national median of $2,690. Property taxes in Arkansaw are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Arkansaw'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 Arkansaw 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
Arkansaw, 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 Arkansaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arkansaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arkansaw 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 Arkansaw, Wisconsin
Property taxes in Arkansaw, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arkansaw is 1.21%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Arkansaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arkansaw 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 Arkansaw's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54721 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Arkansaw provides valuable insights into the varying tax landscape across Dunn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arkansaw Tax Rate
1.21%
Average Dunn County Tax Rate
1.31%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arkansaw, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54721 | 0.90% | 1.10% | 1.21% | 1.42% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Arkansaw, Wisconsin
In Arkansaw, 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 Dunn 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 Arkansaw, 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 Arkansaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Arkansaw are both $1789, found in zip code 54721.
Average Arkansaw Assessed Value
$155,100
Average Dunn County Assessed Value
$211,100
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arkansaw, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54721 | $58,000 | $95,900 | $155,100 | $202,750 | $247,100 |
Source: Ownwell
Property Tax Bills Across Arkansaw, Wisconsin
In Arkansaw, located in Dunn 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 the county assessor, who evaluates the property's market value. Once the assessment is complete, the local tax rate is applied to this value to determine the annual property tax bill. Several factors influence the tax bill, including property location, size, and market conditions. For example, the median home price in Arkansaw is $155,100. Homeowners in the 25th percentile can expect to pay around $1,062 in property taxes, while those in the 75th percentile might see bills as high as $3,173. At the 90th percentile, the tax bill can reach up to $3,418. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community. Compared to the national median property tax rate of 0.99%, Arkansaw's rates reflect the local economic and market conditions, ensuring that homeowners contribute fairly to maintaining and improving their community.
Average Arkansaw Tax Bill
$1,789
Average Dunn County Tax Bill
$2,914
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Arkansaw, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54721 | $565 | $1,062 | $1,789 | $3,173 | $3,418 |
Source: Ownwell