Birchwood, Wisconsin Property Taxes
The median property tax rate in Birchwood, WI is 0.98%, slightly lower than the national median of 0.99% and significantly below the Wisconsin state median of 1.58%. With a median home value in Birchwood, the typical annual property tax bill is $184, considerably less than the national median of $2,690. Property taxes in Birchwood are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Birchwood's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Birchwood or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Birchwood, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$195
Ownwell’s Birchwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birchwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birchwood 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 Birchwood, Wisconsin
Property taxes in Birchwood, Wisconsin, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Birchwood is 1.20%, notably higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Birchwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birchwood 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 Birchwood's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54817 zip code has the highest median property tax rate of 1.20%, while the 54817 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Birchwood provides valuable insights into the varying tax landscape across Washburn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birchwood Tax Rate
0.98%
Average Washburn County Tax Rate
1.18%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birchwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54817 | 0.98% | 0.98% | 0.98% | 1.26% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Birchwood, Wisconsin
In Birchwood, 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 Washburn 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 Birchwood, 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 Birchwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both found in the 54817 zip code, with a value of $184.
Average Birchwood Assessed Value
$19,900
Average Washburn County Assessed Value
$126,300
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birchwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54817 | $14,100 | $14,100 | $19,900 | $111,050 | $163,960 |
Source: Ownwell
Property Tax Bills Across Birchwood, Wisconsin
In Birchwood, WI, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is an estimate of the property's market value, which is then multiplied by the tax rate set by local authorities. This rate can vary depending on the funding needs of local services such as schools, roads, and emergency services. For instance, in Washburn County, where Birchwood is located, the tax bill can range significantly. At the 25th percentile, homeowners might pay around $138, while those at the 75th and 90th percentiles could see bills as high as $1,144 and $1,881, respectively. This variability means that homeowners need to be aware of how changes in property values or local tax rates might impact their annual tax obligations. Compared to the national median property tax rate of 0.99%, Birchwood's tax rates reflect the local economic conditions and public service requirements, directly influencing the financial responsibilities of its residents.
Average Birchwood Tax Bill
$184
Average Washburn County Tax Bill
$1,472
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Birchwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54817 | $138 | $138 | $184 | $1,144 | $1,881 |
Source: Ownwell