Shiocton, Wisconsin Property Taxes
The median property tax rate in Shiocton, WI is 1.31%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Shiocton at $171,700, the typical annual property tax bill reaches $2,483, slightly below the national median of $2,690. Property taxes in Shiocton 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 Shiocton'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 Shiocton 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
Shiocton, 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 Shiocton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shiocton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shiocton 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 Shiocton, Wisconsin
Property taxes in Shiocton, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shiocton is 1.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Shiocton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shiocton 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 Shiocton's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54170 zip code has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Shiocton 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 Shiocton Tax Rate
1.31%
Average Outagamie County Tax Rate
1.71%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shiocton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54170 | 1.04% | 1.07% | 1.31% | 1.83% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Shiocton, Wisconsin
In Shiocton, 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 Shiocton, 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 Shiocton 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 bill is 54170, both at $2483.
Average Shiocton Assessed Value
$171,700
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 Shiocton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54170 | $39,260 | $100,300 | $171,700 | $299,100 | $399,320 |
Source: Ownwell
Property Tax Bills Across Shiocton, Wisconsin
Property tax bills in Shiocton, located in Outagamie County, WI, are calculated based on the assessed value of a property and the local tax rate. The median home price in Shiocton is $171,700, which serves as a baseline for understanding property tax obligations. Homeowners can expect to pay a median property tax rate of 0.99%, aligning with the national average. However, individual tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,540, while the 75th percentile tax bill reaches $3,652, and the 90th percentile tax bill can be as high as $4,708. Several factors influence these variations, including property location, improvements, and local government budgets. The highest and lowest median tax bills in Shiocton are both recorded at $2,483 in the 54170 ZIP code. These property taxes fund essential services such as public education, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Shiocton Tax Bill
$2,483
Average Outagamie County Tax Bill
$3,156
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Shiocton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54170 | $492 | $1,540 | $2,483 | $3,652 | $4,708 |
Source: Ownwell