Birnamwood, Wisconsin Property Taxes
The median property tax rate in Birnamwood, WI is 1.30%, which is higher than the national median of 0.99% yet lower than the Wisconsin state median of 1.58%. With the median home value in Birnamwood at $127,417, the typical annual property tax bill amounts to $1,610, which is below the national median of $2,690. Property taxes in Birnamwood are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Birnamwood'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 Birnamwood or another part of Shawano County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Birnamwood, 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 BIRNAMWOOD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BIRNAMWOOD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BIRNAMWOOD 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 Birnamwood, Wisconsin
Property taxes in Birnamwood, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birnamwood is 1.30%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Birnamwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birnamwood 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 Birnamwood's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54414 has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Birnamwood provides valuable insights into the varying tax landscape across Shawano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birnamwood Tax Rate
1.30%
Average Shawano County Tax Rate
1.29%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birnamwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54414 | 0.94% | 1.14% | 1.30% | 1.42% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Birnamwood, Wisconsin
In Birnamwood, 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 Shawano 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 Birnamwood, 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 Birnamwood 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 $1,610, found in zip code 54414.
Average Birnamwood Assessed Value
$127,417
Average Shawano County Assessed Value
$142,102
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birnamwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54414 | $38,582 | $79,968 | $127,417 | $175,213 | $244,296 |
Source: Ownwell
Property Tax Bills Across Birnamwood, Wisconsin
In Birnamwood, Shawano 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 property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the final tax bill, including property size, location, and improvements. For example, homes in Birnamwood with a median home price of $127,417 see varying tax bills, with the 25th percentile tax bill at $961 and the 75th percentile at $2,316. The 90th percentile tax bill in this area can reach up to $3,193. These property taxes significantly impact homeowners, affecting their monthly housing costs and overall affordability. Comparing this to the national median property tax rate of 0.99%, homeowners in Birnamwood experience a range of tax burdens depending on their property's assessed value and other contributing factors.
Average Birnamwood Tax Bill
$1,610
Average Shawano County Tax Bill
$2,012
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Birnamwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54414 | $471 | $961 | $1,610 | $2,316 | $3,193 |
Source: Ownwell