Conrath, Wisconsin Property Taxes
The median property tax rate in Conrath, WI is 1.15%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $109,800 in Conrath, the typical annual property tax bill amounts to $1,284, which is below the national median of $2,690. Property taxes in Conrath are calculated based on the tax assessed value, generally lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Conrath'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 Conrath or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Conrath, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,263
Ownwell’s Conrath Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conrath with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conrath 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 Conrath, Wisconsin
Property taxes in Conrath, Wisconsin, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Conrath is 1.15%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Conrath set these rates annually, and they can vary across different neighborhoods. Each year, Conrath 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 Conrath's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54731 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Conrath provides valuable insights into the varying tax landscape across Rusk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Conrath Tax Rate
1.15%
Average Rusk County Tax Rate
1.18%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conrath, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54731 | 0.71% | 0.95% | 1.15% | 1.27% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Conrath, Wisconsin
In Conrath, 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 Rusk 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 Conrath, 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 Conrath helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 54731 has both the highest and lowest median tax bill, standing at $1284.
Average Conrath Assessed Value
$109,800
Average Rusk County Assessed Value
$102,350
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Conrath, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54731 | $29,800 | $58,100 | $109,800 | $174,600 | $236,500 |
Source: Ownwell
Property Tax Bills Across Conrath, Wisconsin
In Conrath, located in Rusk County, WI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimation of the property's worth, typically lower than the market value. For instance, with a median home price of $109,800, the tax bill can vary significantly based on the home's assessed value and the specific tax rate applied. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Conrath can expect their tax bills to range widely; the 25th percentile tax bill is around $554, while the 75th percentile tax bill reaches up to $2,058. At the high end, the 90th percentile tax bill can be as much as $3,032. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how local rates and assessed values impact their financial obligations. This variability affects homeowners by influencing their annual expenses and potentially their long-term financial planning.
Average Conrath Tax Bill
$1,284
Average Rusk County Tax Bill
$1,304
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Conrath, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54731 | $217 | $554 | $1,284 | $2,058 | $3,032 |
Source: Ownwell