High Bridge, Wisconsin Property Taxes
The median property tax rate in High Bridge, WI is 1.40%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in High Bridge, the typical annual property tax bill reaches $1,352, which exceeds the national median of $2,690. Property taxes in High Bridge 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 High Bridge'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 High Bridge 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
High Bridge, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$1,396
$1,295
Ownwell’s High Bridge Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in High Bridge with just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in High Bridge to estimate your property tax bill. This valuable tool provides insights into potential tax liabilities. For those interested in more granular data, you can find neighborhood-specific trends further down the page. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across High Bridge, Wisconsin
Property taxes in HIGH BRIDGE, Wisconsin, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in HIGH BRIDGE is 1.40%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within HIGH BRIDGE set these rates annually, and they can vary significantly across different neighborhoods. Each year, HIGH BRIDGE 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 HIGH BRIDGE's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54846 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these areas compare with HIGH BRIDGE provides valuable insights into the varying tax landscape across Ashland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average High Bridge Tax Rate
1.40%
Average Ashland County Tax Rate
1.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across High Bridge, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54846 | 1.24% | 1.39% | 1.40% | 1.40% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across High Bridge, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in High Bridge, Wisconsin. The market value represents 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 local authorities 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 High Bridge, 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. For instance, the highest median tax bill in High Bridge is $1,352 in the 54846 zip code, which contrasts with the national median property tax rate of 0.99%. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average High Bridge Assessed Value
$99,700
Average Ashland County Assessed Value
$101,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across High Bridge, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54846 | $28,180 | $57,000 | $99,700 | $143,000 | $188,860 |
Source: Ownwell
Property Tax Bills Across High Bridge, Wisconsin
In High Bridge, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. For example, with a median home price of $99,700, the tax bill can vary significantly depending on various factors. The median property tax rate in High Bridge is 1.35%, higher than the national median of 0.99%. This means homeowners can expect a median tax bill of approximately $1,352 annually. Several factors influence the final tax bill, including the assessed value of the property, local tax levies, and any applicable exemptions. Homeowners in the 25th percentile pay around $771, while those in the 75th percentile pay $1,968, and those in the 90th percentile face a tax bill of up to $2,646. These taxes fund essential local services such as schools, public safety, and infrastructure, making them a critical component of community well-being. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average High Bridge Tax Bill
$1,352
Average Ashland County Tax Bill
$1,986
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across High Bridge, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54846 | $370 | $771 | $1,352 | $1,968 | $2,646 |
Source: Ownwell