Leopolis, Wisconsin Property Taxes
The median property tax rate in LEOPOLIS, WI, is 1.18%, 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 in LEOPOLIS of $104,960, the typical annual property tax bill amounts to $1,195, falling below the national median of $2,690. Property taxes in LEOPOLIS are based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding LEOPOLIS'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 LEOPOLIS 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
Leopolis, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,239
Ownwell’s Leopolis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leopolis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leopolis 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 Leopolis, Wisconsin
Property taxes in LEOPOLIS, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LEOPOLIS is 1.18%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within LEOPOLIS set these rates annually, and they can vary significantly across different neighborhoods. Each year, LEOPOLIS 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 LEOPOLIS's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54948 zip code has the highest median property tax rate of 1.18%, while the same 54948 zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with LEOPOLIS 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 Leopolis Tax Rate
1.18%
Average Shawano County Tax Rate
1.29%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leopolis, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54948 | 0.94% | 1.04% | 1.18% | 1.30% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Leopolis, Wisconsin
In Leopolis, 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 Leopolis, 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. For instance, the median home price in Leopolis is $104,960, with tax bills ranging from $708 at the 25th percentile to $2,357 at the 90th percentile. The zip code 54948 has the highest median tax bill of $1,195. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Leopolis Assessed Value
$104,960
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 Leopolis, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54948 | $23,028 | $67,419 | $104,960 | $136,450 | $206,126 |
Source: Ownwell
Property Tax Bills Across Leopolis, Wisconsin
In Leopolis, Shawano County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $104,960. Property tax rates are applied to this assessed value to calculate the annual tax bill. Several factors influence the final amount, including the property's location, improvements, and any applicable exemptions. For homeowners in Leopolis, the 25th percentile tax bill is $708, while those at the 75th percentile pay around $1,704. At the higher end, the 90th percentile tax bill reaches $2,357. These figures indicate a range of tax burdens, influenced by property values and local tax rates. Compared to the national median property tax rate of 0.99%, Shawano County's rates can significantly impact homeowners, affecting their overall cost of living and financial planning. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Leopolis Tax Bill
$1,195
Average Shawano County Tax Bill
$2,012
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Leopolis, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54948 | $235 | $708 | $1,195 | $1,704 | $2,357 |
Source: Ownwell