Cassville, Wisconsin Property Taxes
The median property tax rate in Cassville, WI is 1.53%, slightly lower than the Wisconsin state median of 1.58% but still significantly higher than the national median of 0.99%. With a median home value of $124,650, the typical annual property tax bill in Cassville amounts to $1,931, which is below the national median of $2,690. Property taxes in Cassville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Cassville'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 Cassville or another part of Grant County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cassville, 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 Cassville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cassville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cassville 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 Cassville, Wisconsin
Property taxes in Cassville, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cassville is 1.53%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cassville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cassville 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 Cassville's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 53806 has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these areas compare with Cassville provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cassville Tax Rate
1.53%
Average Grant County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cassville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53806 | 1.31% | 1.41% | 1.53% | 1.61% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Cassville, Wisconsin
In Cassville, 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 Grant 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 Cassville, 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 Cassville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 53806, with a value of $1,931, while the lowest is also 53806, indicating uniformity across the area.
Average Cassville Assessed Value
$124,650
Average Grant County Assessed Value
$141,950
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cassville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53806 | $17,790 | $47,075 | $124,650 | $229,100 | $321,470 |
Source: Ownwell
Property Tax Bills Across Cassville, Wisconsin
In Cassville, located in Grant 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 local assessor and reflects the market value of the property. For a median home price of $124,650, homeowners can expect varying tax bills depending on their specific property assessments and applicable exemptions. Factors influencing the tax bill include property size, location, and any improvements made. For example, the tax bill at the 25th percentile is around $786, while at the 75th percentile, it rises to $3,559, and at the 90th percentile, it can reach up to $5,677. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Cassville to understand how their local rates compare. High property taxes can significantly impact homeowners, influencing their overall financial planning and housing affordability. Awareness of these factors helps homeowners anticipate their annual financial obligations and manage their budgets effectively.
Average Cassville Tax Bill
$1,931
Average Grant County Tax Bill
$2,159
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cassville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53806 | $233 | $786 | $1,931 | $3,559 | $5,677 |
Source: Ownwell