Wautoma, Wisconsin Property Taxes
The median property tax rate in Wautoma, 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 the median home value in Wautoma at $179,950, the typical annual property tax bill reaches $2,354, slightly below the national median of $2,690. Property taxes in Wautoma are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wautoma'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 Wautoma 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
Wautoma, 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 Wautoma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wautoma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wautoma 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 Wautoma, Wisconsin
Property taxes in Wautoma, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wautoma is 1.18%, which is significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Wautoma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wautoma 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 Wautoma's effective property tax rate to other regions in Wisconsin and the national median. For comparison, the zip code 54982 has both the highest and lowest median property tax rate of 1.18%. Understanding how these areas compare with Wautoma 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 Wautoma Tax Rate
1.18%
Average Waushara County Tax Rate
1.26%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wautoma, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54982 | 1.11% | 1.14% | 1.18% | 1.21% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Wautoma, Wisconsin
In Wautoma, 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 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 Wautoma, 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 Wautoma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Wautoma are both $2,354, found in the 54982 zip code.
Average Wautoma Assessed Value
$179,950
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 Wautoma, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54982 | $60,930 | $84,775 | $179,950 | $320,700 | $481,060 |
Source: Ownwell
Property Tax Bills Across Wautoma, Wisconsin
In Waushara County, WI, property tax bills in Wautoma are calculated based on the assessed value of a home and the local property tax rate. The median home price in Wautoma is $179,950, and the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or renovations made. For homeowners in Wautoma, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $1,241 annually, while those at the 75th percentile could see bills as high as $3,861. The top 10% of property tax bills can reach up to $5,724. The highest and lowest median tax bills in the region both stand at $2,354, reflecting the zip code 54982. Compared to the national median property tax rate of 0.99%, Wautoma's property tax rates can impact homeowners differently based on their property's assessed value. Understanding these factors can help homeowners anticipate and manage their annual property tax obligations effectively.
Average Wautoma Tax Bill
$2,354
Average Waushara County Tax Bill
$2,143
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Wautoma, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54982 | $801 | $1,241 | $2,354 | $3,861 | $5,724 |
Source: Ownwell