Spring Green, Wisconsin Property Taxes
The median property tax rate in Spring Green, WI is 1.28%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $160,150 in Spring Green, the typical annual property tax bill reaches $2,191, which is below the national median of $2,690. Property taxes in Spring Green are calculated based on the tax assessed value, which is generally lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Spring Green'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 Spring Green 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
Spring Green, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$2,050
Ownwell’s Spring Green Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Spring Green with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spring Green 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 Spring Green, Wisconsin
Property taxes in Spring Green, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Spring Green is 1.28%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Spring Green set these rates annually, and they can vary across different neighborhoods. Each year, Spring Green 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 Spring Green's effective property tax rate to other areas and the national median. For comparison, the 53588 zip code has the highest and lowest median property tax rate of 1.28%. Understanding how these areas compare with Spring Green provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Spring Green Tax Rate
1.28%
Average Richland County Tax Rate
1.66%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spring Green, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53588 | 1.20% | 1.23% | 1.28% | 1.33% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Spring Green, Wisconsin
In Spring Green, Wisconsin, understanding the distinction between "market value" and "assessed value" is essential for grasping 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 Richland 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 Spring Green, 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 Spring Green helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 53588, for instance, has a median tax bill of $2191, illustrating the importance of these considerations.
Average Spring Green Assessed Value
$160,150
Average Richland County Assessed Value
$97,250
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Spring Green, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53588 | $50,350 | $91,525 | $160,150 | $228,775 | $269,950 |
Source: Ownwell
Property Tax Bills Across Spring Green, Wisconsin
In Spring Green, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Richland County, where Spring Green is located, the median home price is $160,150. This translates to varying tax bills depending on the property's assessed value and the specific tax rate applied. For instance, the tax bill at the 25th percentile is approximately $1,231, while at the 75th percentile, it rises to $3,151. Homeowners at the 90th percentile can expect to pay around $3,727. These tax bills are influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, the rates in Spring Green can vary significantly, impacting homeowners differently based on their property's assessed value. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations.
Average Spring Green Tax Bill
$2,191
Average Richland County Tax Bill
$1,704
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Spring Green, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53588 | $655 | $1,231 | $2,191 | $3,151 | $3,727 |
Source: Ownwell