Townsend, Wisconsin Property Taxes
The median property tax rate in Townsend, WI is 1.14%, which is notably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $167,050 in Townsend, the typical annual property tax bill amounts to $1,918, falling short of the national median of $2,690. Property taxes in Townsend are determined based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Townsend's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in Townsend or investing in property here, familiarizing yourself with the local property tax structure will be advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Townsend, 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 Townsend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Townsend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Townsend 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 Townsend, Wisconsin
Property taxes in Townsend, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Townsend is 1.14%, higher than the U.S. national median of 0.99%. Local government entities within Townsend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Townsend 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 Townsend's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54175 has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these areas compare with Townsend 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 Townsend Tax Rate
1.14%
Average Oconto County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Townsend, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54175 | 1.04% | 1.11% | 1.14% | 1.21% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Townsend, Wisconsin
In Townsend, 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 Townsend, 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 Townsend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Townsend is $167,050, with tax bills ranging from $1,110 at the 25th percentile to $4,113 at the 90th percentile. The zip code with the highest and lowest median tax bill is 54175, both at $1,918.
Average Townsend Assessed Value
$167,050
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 Townsend, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54175 | $53,980 | $98,575 | $167,050 | $248,300 | $351,080 |
Source: Ownwell
Property Tax Bills Across Townsend, Wisconsin
In Townsend, located in 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 and reflects the market value of the property. Homeowners in Townsend face varying tax bills depending on their property's assessed value and the specific tax rate applied by the county. For instance, the median home price in Townsend is $167,050. Property tax bills can range significantly, with the 25th percentile tax bill at $1,110 and the 75th percentile tax bill at $2,878. For those at the 90th percentile, tax bills can reach as high as $4,113. The median property tax rate in Townsend is slightly higher than the national median of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting homeowners. Higher property taxes can affect affordability and the overall cost of homeownership, making it crucial for homeowners to understand how their tax bill is determined and what factors influence it.
Average Townsend Tax Bill
$1,918
Average Oconto County Tax Bill
$2,049
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Townsend, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54175 | $615 | $1,110 | $1,918 | $2,878 | $4,113 |
Source: Ownwell