Rothschild, Wisconsin Property Taxes
The median property tax rate in Rothschild, WI is 1.77%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $158,494 in Rothschild, the typical annual property tax bill amounts to $2,775, which is above the national median of $2,690. Property taxes in Rothschild are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rothschild'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 Rothschild 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
Rothschild, 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 Rothschild Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rothschild with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rothschild 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 Rothschild, Wisconsin
Property taxes in Rothschild, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rothschild is 1.77%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Rothschild set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rothschild 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 Rothschild's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54474 zip code has the highest median property tax rate of 1.77%, while the same 54474 zip code also has the lowest median tax rate of 1.77%. Understanding how these areas compare with Rothschild 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 Rothschild Tax Rate
1.77%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rothschild, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54474 | 1.68% | 1.72% | 1.77% | 1.84% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Rothschild, Wisconsin
In Rothschild, 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 Marathon County 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 Rothschild, 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 Rothschild helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rothschild is $158,494, with annual property tax bills ranging from $2,196 at the 25th percentile to $4,757 at the 90th percentile. The zip code 54474 has the highest and lowest median tax bill of $2,775.
Average Rothschild Assessed Value
$158,494
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 Rothschild, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54474 | $75,755 | $126,421 | $158,494 | $207,333 | $262,628 |
Source: Ownwell
Property Tax Bills Across Rothschild, Wisconsin
In Rothschild, located in Marathon County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. For homeowners, the assessed value is a crucial factor, influenced by the market value of the property. In Rothschild, the median home price stands at $158,494. Property taxes are then determined by applying the local tax rate to this assessed value. Homeowners in Rothschild experience varying tax bills. The 25th percentile tax bill is around $2,196, while those in the 75th percentile see bills closer to $3,694. At the higher end, the 90th percentile tax bill can reach up to $4,757. The highest and lowest median tax bills in the area both sit at $2,775, reflecting a consistent tax rate across different property values. Compared to the national median property tax rate of 0.99%, Rothschild's property tax rates significantly impact homeowners, influencing their overall cost of living and financial planning. Understanding these factors is essential for homeowners to anticipate and manage their annual tax obligations effectively.
Average Rothschild Tax Bill
$2,775
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Rothschild, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54474 | $1,266 | $2,196 | $2,775 | $3,694 | $4,757 |
Source: Ownwell