Baldwin, Wisconsin Property Taxes
The median property tax rate in Baldwin, WI is 1.54%, slightly below the Wisconsin state median of 1.58% but still considerably higher than the national median of 0.99%. With the median home value in Baldwin at $203,100, the typical annual property tax bill reaches $3,041, surpassing the national median of $2,690. Property taxes in Baldwin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Baldwin'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 Baldwin 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
Baldwin, 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 Baldwin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baldwin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baldwin 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 Baldwin, Wisconsin
Property taxes in Baldwin, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baldwin is 2.04%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Baldwin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baldwin 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 Baldwin's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54002 zip code has the highest median property tax rate of 2.04%, while the same zip code also has the lowest median tax rate of 2.04%. Understanding how these cities compare with Baldwin provides valuable insights into the varying tax landscape across St. Croix County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baldwin Tax Rate
1.54%
Average St. Croix County Tax Rate
1.50%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baldwin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54002 | 1.21% | 1.46% | 1.54% | 1.60% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Baldwin, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Baldwin, Wisconsin. 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 St. Croix 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 Baldwin, 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. For instance, the median home price in Baldwin is $203,100, with tax bills ranging from $2,339 at the 25th percentile to $5,103 at the 90th percentile. The zip code 54002 has the highest and lowest median tax bill, both at $3,041. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Baldwin Assessed Value
$203,100
Average St. Croix County Assessed Value
$270,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baldwin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54002 | $107,910 | $158,675 | $203,100 | $265,700 | $346,380 |
Source: Ownwell
Property Tax Bills Across Baldwin, Wisconsin
Property tax bills in Baldwin, located in St. Croix County, WI, are determined by several key factors. The primary factor is the assessed value of the property, which is based on the market value. For example, the median home price in Baldwin is $203,100. Property tax rates are then applied to this assessed value to calculate the tax bill. In Baldwin, the tax rate can lead to varying tax bills. Homeowners in the 25th percentile pay around $2,339, while those in the 75th percentile see bills closer to $3,927. The 90th percentile reaches up to $5,103. These figures highlight the range of property tax burdens depending on property values and specific assessments. Compared to the national median property tax rate of 0.99%, Baldwin's rates can result in significantly higher tax bills. This variability influences homeowners' financial planning and can impact decisions on buying or selling property. Understanding these factors is crucial for managing property-related expenses effectively.
Average Baldwin Tax Bill
$3,041
Average St. Croix County Tax Bill
$3,981
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Baldwin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54002 | $1,553 | $2,339 | $3,041 | $3,927 | $5,103 |
Source: Ownwell