Combined Locks, Wisconsin Property Taxes
The median property tax rate in Combined Locks, WI is 1.52%, considerably higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With the median home value in Combined Locks at $207,000, the typical annual property tax bill reaches $3,175, surpassing the national median of $2,690. Property taxes in Combined Locks are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Combined Locks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Combined Locks 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
Combined Locks, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$3,146
Ownwell’s Combined Locks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Combined Locks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Combined Locks 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 Combined Locks, Wisconsin
Property taxes in Combined Locks, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Combined Locks is 1.52%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Combined Locks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Combined Locks 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 Combined Locks' effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54113 zip code has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Combined Locks provides valuable insights into the varying tax landscape across Outagamie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Combined Locks Tax Rate
1.52%
Average Outagamie County Tax Rate
1.71%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Combined Locks, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54113 | 1.50% | 1.51% | 1.52% | 1.55% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Combined Locks, Wisconsin
In Combined Locks, 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 Outagamie 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 Combined Locks, 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 Combined Locks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 54113, both at $3,175, reflecting the uniformity in tax assessments within the area.
Property Tax Assessment Values Across Combined Locks, Wisconsin
Source: Ownwell
$1,800
$160,600
$319,400
Average Combined Locks Assessed Value
$207,000
Average Outagamie County Assessed Value
$190,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Combined Locks, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54113 | $121,720 | $158,100 | $207,000 | $304,950 | $396,620 |
Source: Ownwell
Property Tax Bills Across Combined Locks, Wisconsin
In Combined Locks, 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. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. In Combined Locks, the median home price is $207,000. Property tax bills can vary significantly, with the 25th percentile at $2,419 and the 75th percentile at $4,674. The 90th percentile reaches as high as $6,063. For homeowners, these taxes contribute to funding essential services such as public education, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Combined Locks experience a range of tax bills that reflect both the value of their properties and the local tax policies in Outagamie County.
Average Combined Locks Tax Bill
$3,175
Average Outagamie County Tax Bill
$3,156
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Combined Locks, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54113 | $1,915 | $2,419 | $3,175 | $4,674 | $6,063 |
Source: Ownwell