Edgar, Wisconsin Property Taxes
The median property tax rate in Edgar, WI is 1.35%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $165,402, the typical annual property tax bill in Edgar amounts to $2,275, falling below the national median of $2,690. Property taxes in Edgar are determined based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Edgar's property tax system and exploring potential exemptions can lead to substantial annual savings. Whether residing in Edgar or investing in local real estate, knowing the intricacies of the property tax system is advantageous for both homeowners and investors.
Last Updated June 14, 2024
Edgar, 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 Edgar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edgar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edgar 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 Edgar, Wisconsin
Property taxes in Edgar, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edgar is 1.35%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Edgar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edgar 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 Edgar's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54426 zip code has the highest median property tax rate of 1.35%, while the same 54426 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Edgar provides valuable insights into the varying tax landscape across Marathon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edgar Tax Rate
1.35%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edgar, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54426 | 1.11% | 1.20% | 1.35% | 1.52% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Edgar, Wisconsin
In Edgar, 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 Marathon 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. Assessment notices in Edgar 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 Edgar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Edgar is $2,275 in the 54426 zip code, highlighting the importance of understanding these valuations to manage your property tax obligations effectively.
Average Edgar Assessed Value
$165,402
Average Marathon County Assessed Value
$164,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edgar, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54426 | $32,226 | $113,327 | $165,402 | $241,384 | $317,139 |
Source: Ownwell
Property Tax Bills Across Edgar, Wisconsin
In Edgar, located in Marathon County, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and reflects the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, age, and condition. For example, the median home price in Edgar is $165,402. Homeowners in Edgar can expect their tax bills to vary significantly. The 25th percentile tax bill is around $1,430, while the 75th percentile reaches $3,258, and the 90th percentile can go up to $4,214. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Edgar's rates can be seen as moderate, impacting homeowners by contributing to the overall cost of owning property in the area.
Average Edgar Tax Bill
$2,275
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Edgar, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54426 | $411 | $1,430 | $2,275 | $3,258 | $4,214 |
Source: Ownwell