Saxon, Wisconsin Property Taxes
The median property tax rate in Saxon, WI is 3.64%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Saxon at $122,850, the typical annual property tax bill reaches $4,475, exceeding the national median of $2,690. Property taxes in Saxon 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 Saxon'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 Saxon 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
Saxon, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.64%
Estimate Property Tax Bill
$4,472
Ownwell’s Saxon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saxon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saxon 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 Saxon, Wisconsin
Property taxes in Saxon, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saxon is 3.64%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Saxon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saxon 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 Saxon's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54559 has the highest median property tax rate of 3.64%, while the same zip code also has the lowest median tax rate of 3.64%. Understanding how these areas compare with Saxon 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 Saxon Tax Rate
3.64%
Average Ashland County Tax Rate
1.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saxon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54559 | 3.64% | 3.64% | 3.64% | 3.64% | 3.64% |
Source: Ownwell
Property Tax Assessment Values Across Saxon, Wisconsin
In Saxon, 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 Ashland County 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 Saxon, 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 Saxon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Ashland County is $4,475 in the 54559 zip code, which is significantly above the national median property tax rate of 0.99%.
Average Saxon Assessed Value
$122,850
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 Saxon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54559 | $59,930 | $83,525 | $122,850 | $162,175 | $185,770 |
Source: Ownwell
Property Tax Bills Across Saxon, Wisconsin
In Saxon, WI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value reflects the market value of the property, and the tax rate is applied to this value to determine the annual tax bill. Saxon homeowners experience a range of property tax bills, with the 25th percentile paying around $3,043 and the 75th percentile paying up to $5,908. The highest median tax bill in the area is $4,475, consistent across the zip code 54559. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes are crucial for funding public services such as schools, infrastructure, and emergency services. For homeowners, understanding how these factors interact can help in anticipating annual tax obligations and managing household budgets effectively. Compared to the national median property tax rate of 0.99%, Saxon’s rates reflect the local economic and property market conditions.
Average Saxon Tax Bill
$4,475
Average Ashland County Tax Bill
$1,986
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Saxon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54559 | $2,183 | $3,043 | $4,475 | $5,908 | $6,768 |
Source: Ownwell