Highland, Wisconsin Property Taxes
The median property tax rate in Highland, WI is 1.51%, which is higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With the median home value in Highland at $150,300, the typical annual property tax bill reaches $2,401, which is still below the national median of $2,690. Property taxes in Highland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Highland'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 Highland 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
Highland, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$2,270
Ownwell’s Highland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highland 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 Highland, Wisconsin
Property taxes in Highland, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Highland is 1.51%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Highland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highland 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 Highland's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53543 zip code has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Highland 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 Highland Tax Rate
1.51%
Average Grant County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53543 | 1.22% | 1.33% | 1.51% | 1.54% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Highland, Wisconsin
In Highland, 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 Highland, 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. The median home price in Highland is $150,300, with tax bills ranging significantly. For example, the 25th percentile tax bill is $1,054, while the 75th percentile tax bill reaches $4,488. The highest median tax bill in the area is $2,401, found in the 53543 zip code, which also has the lowest median tax bill of $2,401. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Highland Assessed Value
$150,300
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 Highland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53543 | $38,480 | $74,800 | $150,300 | $287,100 | $329,420 |
Source: Ownwell
Property Tax Bills Across Highland, Wisconsin
In Highland, WI, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This value is then multiplied by the tax rate set by the county, which in Grant County is 1.60%, significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property location, size, and improvements. For example, the median home price in Highland is $150,300, resulting in a typical tax bill of around $2,404. However, tax bills can vary widely, with the 25th percentile at $1,054 and the 75th percentile reaching $4,488. The highest tax bills, in the 90th percentile, can be as much as $5,076. For homeowners, these taxes fund essential public services like schools, roads, and emergency services, impacting both monthly budgets and overall cost of living in Highland.
Average Highland Tax Bill
$2,401
Average Grant County Tax Bill
$2,159
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Highland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53543 | $523 | $1,054 | $2,401 | $4,488 | $5,076 |
Source: Ownwell