Maiden Rock, Wisconsin Property Taxes
The median property tax rate in Maiden Rock, WI is 2.34%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $149,947, the typical annual property tax bill in Maiden Rock reaches $3,468, surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Maiden Rock’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 Maiden Rock or another part of Pierce County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maiden Rock, 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 Maiden Rock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maiden Rock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maiden Rock 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 Maiden Rock, Wisconsin
Property taxes in Maiden Rock, Wisconsin, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Maiden Rock is 1.40%, which is significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Maiden Rock set these rates annually, and they can vary across different neighborhoods. Each year, Maiden Rock 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 Maiden Rock's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54750 has the highest median property tax rate of 1.40%, while the zip code 54750 also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Maiden Rock 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 Maiden Rock Tax Rate
2.34%
Average Pierce County Tax Rate
1.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maiden Rock, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54750 | 1.91% | 1.96% | 2.34% | 2.54% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Maiden Rock, Wisconsin
In Maiden Rock, 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 local 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 Maiden Rock, 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 Maiden Rock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,468, found in the 54750 zip code.
Average Maiden Rock Assessed Value
$149,947
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 Maiden Rock, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54750 | $50,714 | $93,107 | $149,947 | $215,828 | $309,971 |
Source: Ownwell
Property Tax Bills Across Maiden Rock, Wisconsin
In Maiden Rock, located in Pierce 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. Once the assessed value is established, the tax rate, which is set by local taxing authorities, is applied to calculate the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For example, the median home price in Maiden Rock is $149,947, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $2,108 annually, while those in the 75th percentile face bills closer to $4,847. At the 90th percentile, tax bills can reach up to $7,216. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Maiden Rock's tax rates reflect the local economic conditions and funding needs.
Average Maiden Rock Tax Bill
$3,468
Average Pierce County Tax Bill
$4,292
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Maiden Rock, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54750 | $1,081 | $2,108 | $3,468 | $4,847 | $7,216 |
Source: Ownwell