Mountain, Wisconsin Property Taxes
The median property tax rate in Mountain, WI is 1.15%, 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 $132,700 in Mountain, the typical annual property tax bill amounts to $1,505, falling below the national median of $2,690. Property taxes in Mountain are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Mountain's property tax system, exploring available exemptions, and identifying potential reductions can lead to significant annual savings. Whether you reside in the heart of Mountain or its surrounding areas, familiarizing yourself with the local property tax framework will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mountain, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,526
Ownwell’s MOUNTAIN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOUNTAIN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOUNTAIN 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 Mountain, Wisconsin
Property taxes in Mountain, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountain is 1.15%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mountain 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 Mountain's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54149 zip code has the highest median property tax rate of 1.15%, while the 54149 zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Mountain 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 Mountain Tax Rate
1.15%
Average Oconto County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mountain, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54149 | 1.02% | 1.10% | 1.15% | 1.21% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Mountain, Wisconsin
In Mountain, 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 Oconto 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 Mountain, 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 Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Mountain is $1505 in the 54149 zip code, while the lowest is also $1505 in the same zip code.
Average Mountain Assessed Value
$132,700
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 Mountain, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54149 | $44,200 | $75,550 | $132,700 | $209,950 | $315,400 |
Source: Ownwell
Property Tax Bills Across Mountain, Wisconsin
In Mountain, within Oconto 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's office and reflects the home's market value. This value is then multiplied by the property tax rate set by the city to calculate the annual tax bill. Homeowners in Mountain experience a range of tax bills, with the 25th percentile paying around $845, while those in the 75th percentile pay approximately $2,472. At the 90th percentile, tax bills can reach up to $3,816. The median home price in the area is $132,700, which serves as a baseline for many tax assessments. Compared to the national median property tax rate of 0.99%, Mountain's property taxes can significantly impact homeowners, influencing their overall cost of living and financial planning. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets effectively.
Average Mountain Tax Bill
$1,505
Average Oconto County Tax Bill
$2,049
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Mountain, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54149 | $461 | $845 | $1,505 | $2,472 | $3,816 |
Source: Ownwell