Arkansaw, Wisconsin Property Taxes
The median property tax rate in Arkansaw, WI is 2.54%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Arkansaw at $111,546, the typical annual property tax bill reaches $2,831, exceeding the national median of $2,690. Property taxes in Arkansaw 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 Arkansaw'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 Arkansaw or another part of Pierce County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arkansaw, 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 Arkansaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arkansaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arkansaw 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 Arkansaw, Wisconsin
Property taxes in Arkansaw, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arkansaw is 1.47%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Arkansaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arkansaw 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 Arkansaw's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54721 zip code has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Arkansaw provides valuable insights into the varying tax landscape across Pierce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arkansaw Tax Rate
2.54%
Average Pierce County Tax Rate
1.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arkansaw, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54721 | 2.54% | 2.54% | 2.54% | 2.54% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across Arkansaw, Wisconsin
In Arkansaw, 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 Pierce 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 Arkansaw, 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 Arkansaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $2,831, found in the 54721 zip code.
Average Arkansaw Assessed Value
$111,546
Average Pierce County Assessed Value
$217,809
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arkansaw, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54721 | $24,484 | $70,174 | $111,546 | $150,176 | $178,748 |
Source: Ownwell
Property Tax Bills Across Arkansaw, Wisconsin
In Arkansaw, located in Pierce County, WI, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the local assessor and reflects the estimated market value of the property. Homeowners in Arkansaw experience property tax bills that vary significantly depending on their property's value and the specific tax rate applied. For instance, the median home price in Arkansaw is $111,546. Property tax bills can range from $1,781 at the 25th percentile to $4,537 at the 90th percentile. The highest median tax bill in the area is $2,831, which is notably higher than the national median property tax rate of 0.99%. These variations can significantly impact homeowners, influencing monthly mortgage payments and the overall cost of homeownership. Understanding these factors is crucial for homeowners to budget effectively and make informed financial decisions regarding their property investments.
Average Arkansaw Tax Bill
$2,831
Average Pierce County Tax Bill
$4,292
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Arkansaw, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54721 | $621 | $1,781 | $2,831 | $3,812 | $4,537 |
Source: Ownwell