Waupaca, Wisconsin Property Taxes
The median property tax rate in Waupaca, WI is 1.29%, which is notably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $357,100 in Waupaca, the typical annual property tax bill amounts to $4,693, significantly surpassing the national median of $2,690. Property taxes in Waupaca are calculated based on the tax assessed value, which generally falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Waupaca'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 Waupaca 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
Waupaca, 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 Waupaca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waupaca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waupaca 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 Waupaca, Wisconsin
Property taxes in Waupaca, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waupaca is 1.29%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Waupaca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waupaca 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 Waupaca's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54981 zip code has the highest median property tax rate of 1.29%, while the 54981 zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Waupaca provides valuable insights into the varying tax landscape across Waushara County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waupaca Tax Rate
1.29%
Average Waushara County Tax Rate
1.26%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waupaca, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54981 | 1.20% | 1.28% | 1.29% | 1.34% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Waupaca, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Waupaca, 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 local 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 Waupaca, 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 Waupaca helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Waupaca is $4,693 in the 54981 zip code, while the lowest median tax bill is also $4,693 in the same zip code.
Average Waupaca Assessed Value
$357,100
Average Waushara County Assessed Value
$163,950
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waupaca, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54981 | $51,860 | $232,900 | $357,100 | $532,100 | $601,820 |
Source: Ownwell
Property Tax Bills Across Waupaca, Wisconsin
In Waupaca, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the city’s assessor, who evaluates the property’s market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, condition, and comparable sales in the area. Homeowners in Waupaca can expect a median home price of $357,100. The tax bill varies significantly, with the 25th percentile at $2,990 and the 75th percentile at $7,061. The highest median tax bill recorded in the area is $4,693, which is notably higher than the national median property tax rate of 0.99%. These property taxes are crucial for funding local services like schools, public safety, and infrastructure. Understanding how these factors come together helps homeowners anticipate their financial responsibilities and the benefits they receive from their contributions to the community.
Average Waupaca Tax Bill
$4,693
Average Waushara County Tax Bill
$2,143
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Waupaca, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54981 | $624 | $2,990 | $4,693 | $7,061 | $8,086 |
Source: Ownwell