Winneconne, Wisconsin Property Taxes
The median property tax rate in Winneconne, WI is 0.78%, notably lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Winneconne, the typical annual property tax bill is $87, significantly below the national median of $2,690. Property taxes in Winneconne are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Winneconne's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Winneconne 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
Winneconne, 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 Winneconne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winneconne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winneconne 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 Winneconne, Wisconsin
Property taxes in Winneconne, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winneconne is 1.68%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Winneconne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winneconne 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 Winneconne's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54986 has the highest median property tax rate of 1.68%, while the same zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Winneconne 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 Winneconne Tax Rate
0.78%
Average Outagamie County Tax Rate
1.71%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winneconne, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54986 | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Winneconne, Wisconsin
In Winneconne, 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 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. In Winneconne, 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 Winneconne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Winneconne is $11,200, with tax bills ranging from $87 at the 25th percentile to $87 at the 90th percentile.
Average Winneconne Assessed Value
$11,200
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 Winneconne, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54986 | $11,200 | $11,200 | $11,200 | $11,200 | $11,200 |
Source: Ownwell
Property Tax Bills Across Winneconne, Wisconsin
In Winneconne, located in Outagamie County, WI, property tax bills are calculated based on the assessed value of a home. The local tax assessor determines this value, which is then multiplied by the tax rate set by various taxing authorities, including the county, school district, and other local entities. The median home price in Winneconne is $11,200, significantly lower than the national median, which influences the overall tax burden on homeowners. For instance, property tax bills in Winneconne at the 25th, 75th, and 90th percentiles are consistently $87, reflecting a relatively low and stable tax environment. This consistency offers homeowners predictability in their annual financial planning. However, the lower home values mean that even a modest tax rate can result in a tax bill that is a significant percentage of the home's worth. This system ensures that property taxes are equitable, taking into account both property values and the needs of the community for funding essential services.
Average Winneconne Tax Bill
$87
Average Outagamie County Tax Bill
$3,156
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Winneconne, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54986 | $87 | $87 | $87 | $87 | $87 |
Source: Ownwell