Withee, Wisconsin Property Taxes
The median property tax rate in Withee, WI is 1.44%, 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 $118,700 in Withee, the typical annual property tax bill amounts to $1,585, falling below the national median of $2,690. Property taxes in Withee are based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Withee'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 Withee 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
Withee, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,709
Ownwell’s Withee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Withee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Withee 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 Withee, Wisconsin
Property taxes in Withee, Wisconsin, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Withee is 1.44%, which is higher than the U.S. national median of 0.99%. Local government entities within Withee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Withee 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 Withee's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54498 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Withee provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Withee Tax Rate
1.44%
Average Taylor County Tax Rate
1.43%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Withee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54498 | 1.04% | 1.24% | 1.44% | 1.54% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Withee, Wisconsin
In Withee, 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 Taylor 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 Withee, 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 zip code 54498 has the highest median tax bill at $1,585. 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 Withee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Withee Assessed Value
$118,700
Average Taylor County Assessed Value
$122,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Withee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54498 | $32,420 | $59,800 | $118,700 | $175,000 | $230,480 |
Source: Ownwell
Property Tax Bills Across Withee, Wisconsin
In Withee, located in Taylor 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. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the final tax bill, including changes in the property's assessed value, local government budgets, and specific tax levies for public services like schools and infrastructure. For homeowners in Withee, the median home price is $118,700. Property tax bills in the area range significantly, with the 25th percentile at $769 and the 75th percentile at $2,509. The highest median tax bill within the zip code 54498 is $1,585. This variability in tax bills means that homeowners need to stay informed about their property's assessed value and any changes in local tax rates, as these directly impact their annual financial obligations.
Average Withee Tax Bill
$1,585
Average Taylor County Tax Bill
$1,816
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Withee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54498 | $383 | $769 | $1,585 | $2,509 | $3,549 |
Source: Ownwell