Tipler, Wisconsin Property Taxes
The median property tax rate in Tipler, WI is 1.50%, slightly above the national median of 0.99% but below the Wisconsin state median of 1.58%. With a median home value of $72,050 in Tipler, the typical annual property tax bill comes to $1,092, which is lower than the national median of $2,690. Property taxes in Tipler are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Tipler'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 Tipler or another part of Florence County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tipler, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$1,081
Ownwell’s Tipler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tipler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tipler 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 Tipler, Wisconsin
Property taxes in Tipler, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tipler is 1.50%, significantly higher than the U.S. national median of 0.99%. Local government entities within Tipler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tipler 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 Tipler's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54542 zip code has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Tipler provides valuable insights into the varying tax landscape across Florence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tipler Tax Rate
1.50%
Average Florence County Tax Rate
1.51%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tipler, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54542 | 0.90% | 1.41% | 1.50% | 1.54% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Tipler, Wisconsin
In Tipler, 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 Florence 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 Tipler, 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 Tipler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,092 in the 54542 zip code, while the lowest is also $1,092 in the same zip code.
Average Tipler Assessed Value
$72,050
Average Florence County Assessed Value
$107,800
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tipler, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54542 | $7,530 | $40,200 | $72,050 | $111,200 | $120,130 |
Source: Ownwell
Property Tax Bills Across Tipler, Wisconsin
In Tipler, located in Florence County, WI, property tax bills are determined by a combination of the assessed property value and the local tax rate. The median home price in Tipler is $72,050, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Various factors influence your tax bill, including property size, location, and any applicable exemptions. Homeowners in Tipler can expect tax bills ranging from the 25th percentile at $576 to the 75th percentile at $1,652, with the 90th percentile reaching up to $1,865. The median tax bill in Florence County is $1,092, which is higher than the national median property tax rate of 0.99%. This means that homeowners in Tipler may find their property tax bills to be relatively higher compared to the national average, impacting their annual financial planning. Understanding these factors can help homeowners better anticipate their property tax obligations and manage their finances accordingly.
Average Tipler Tax Bill
$1,092
Average Florence County Tax Bill
$1,605
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Tipler, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54542 | $68 | $576 | $1,092 | $1,652 | $1,865 |
Source: Ownwell