Rudolph, Wisconsin Property Taxes
The median property tax rate in Rudolph, WI is 1.28%, 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 $150,900 in Rudolph, the typical annual property tax bill is $1,950, falling below the national median of $2,690. Property taxes in Rudolph are calculated based on the tax assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Rudolph'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 Rudolph 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
Rudolph, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$1,932
Ownwell’s Rudolph Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rudolph with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rudolph 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 Rudolph, Wisconsin
Property taxes in Rudolph, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rudolph is 1.28%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Rudolph set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rudolph 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 Rudolph's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54475 zip code has the highest median property tax rate of 1.28%, while the 54475 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Rudolph provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rudolph Tax Rate
1.28%
Average Wood County Tax Rate
1.75%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rudolph, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54475 | 1.05% | 1.15% | 1.28% | 1.35% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Rudolph, Wisconsin
In Rudolph, 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 Rudolph, 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 Rudolph helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both amount to $1,950, found in zip code 54475.
Average Rudolph Assessed Value
$150,900
Average Wood County Assessed Value
$143,800
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rudolph, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54475 | $60,660 | $110,500 | $150,900 | $212,300 | $280,680 |
Source: Ownwell
Property Tax Bills Across Rudolph, Wisconsin
In Rudolph, 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 local assessors who evaluate the property's market value. This valuation is then multiplied by the tax rate set by local government entities, including schools, municipalities, and counties, to fund public services. For homeowners in Rudolph, the median home price is $150,900. Property tax bills can vary significantly, with the 25th percentile at $1,261 and the 75th percentile at $2,771. The 90th percentile reaches up to $3,747. Compared to the national median property tax rate of 0.99%, Rudolph's rates reflect the local government's funding needs and property values. These tax bills impact homeowners by influencing their annual housing costs, potentially affecting affordability and financial planning. Homeowners in the zip code 54475 experience a median tax bill of $1,950, which is consistent across the highest and lowest median tax bills reported in the area. Understanding these factors helps homeowners anticipate their financial obligations and manage their budgets accordingly.
Average Rudolph Tax Bill
$1,950
Average Wood County Tax Bill
$2,331
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Rudolph, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54475 | $660 | $1,261 | $1,950 | $2,771 | $3,747 |
Source: Ownwell