Adams, Wisconsin Property Taxes
The median property tax rate in Adams, WI is 1.32%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $71,300 in Adams, the typical annual property tax bill reaches $1,013, still below the national median of $2,690. Property taxes in Adams 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 Adams'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 Adams 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
Adams, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$941
Ownwell’s Adams Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adams with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adams 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 Adams, Wisconsin
Property taxes in Adams, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adams is 1.32%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Adams set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adams 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 Adams' effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53910 zip code has the highest median property tax rate of 1.32%, while the 53910 zip code also has the lowest median tax rate of 1.32%. Understanding how these areas compare with Adams provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adams Tax Rate
1.32%
Average Adams County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adams, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53910 | 1.19% | 1.23% | 1.32% | 1.45% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Adams, Wisconsin
In Adams, 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 Adams, 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. The median home price in Adams is $71,300, with tax bills ranging from $697 at the 25th percentile to $2,809 at the 90th percentile. The zip code 53910 has the highest and lowest median tax bill at $1,013. 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 Adams helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Adams Assessed Value
$71,300
Average Adams County Assessed Value
$106,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adams, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53910 | $33,580 | $51,350 | $71,300 | $104,900 | $229,620 |
Source: Ownwell
Property Tax Bills Across Adams, Wisconsin
In Adams, 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 market value of the property. Homeowners in Adams typically see a median home price of $71,300. The property tax rate in Adams is slightly above the national median of 0.99%, leading to varying tax bills depending on the property's value. For example, the 25th percentile tax bill is around $697, while the 75th percentile reaches $1,400. At the higher end, the 90th percentile tax bill can go up to $2,809. Interestingly, both the highest and lowest median tax bills in Adams are the same, standing at $1,013, particularly in the 53910 zip code. These tax rates and assessed values significantly impact homeowners, influencing their annual financial planning and overall cost of homeownership. Understanding these factors can help homeowners better anticipate their property tax obligations.
Average Adams Tax Bill
$1,013
Average Adams County Tax Bill
$1,401
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Adams, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53910 | $456 | $697 | $1,013 | $1,400 | $2,809 |
Source: Ownwell