Gillett, Wisconsin Property Taxes
The median property tax rate in Gillett, WI is 1.08%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Gillett at $115,600, the typical annual property tax bill reaches $1,503, surpassing the national median of $2,690. Property taxes in Gillett 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 Gillett'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 Gillett or another part of Oconto County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gillett, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,248
Ownwell’s Gillett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gillett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gillett 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 Gillett, Wisconsin
Property taxes in Gillett, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gillett is 1.08%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Gillett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gillett 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 Gillett's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54124 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Gillett provides valuable insights into the varying tax landscape across Oconto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gillett Tax Rate
1.08%
Average Oconto County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gillett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54124 | 0.87% | 0.99% | 1.08% | 1.87% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Gillett, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gillett, Wisconsin. 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 Oconto County Assessor 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 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. For instance, the median home price in Gillett is $115,600, with tax bills varying significantly. The 25th percentile tax bill is around $946, while the 75th percentile can reach $2,166, and the 90th percentile even $3,020. The highest and lowest median tax bills in the area are both $1,503, found in zip code 54124. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Gillett Assessed Value
$115,600
Average Oconto County Assessed Value
$159,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gillett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54124 | $39,100 | $75,500 | $115,600 | $167,500 | $244,160 |
Source: Ownwell
Property Tax Bills Across Gillett, Wisconsin
In Gillett, located in Oconto County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Gillett is $115,600, which serves as a benchmark for determining tax liabilities. Factors such as property size, location, and any improvements made to the home can influence its assessed value. The local tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Gillett experience a range of tax bills, with the 25th percentile paying around $946, while those in the 75th percentile face bills up to $2,166. At the 90th percentile, tax bills can reach as high as $3,020. For comparison, the national median property tax rate is 0.99%, highlighting the variability in tax obligations across different regions. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Gillett Tax Bill
$1,503
Average Oconto County Tax Bill
$2,049
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Gillett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54124 | $412 | $946 | $1,503 | $2,166 | $3,020 |
Source: Ownwell