Barron, Wisconsin Property Taxes
The median property tax rate in Barron, WI is 1.61%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Barron, the typical annual property tax bill reaches $2,022, which is below the national median of $2,690. Property taxes in Barron 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 Barron'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 Barron 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
Barron, 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 Barron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barron 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 Barron, Wisconsin
Property taxes in Barron, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barron is 1.61%, significantly higher than the U.S. national median of 0.99%. Local government entities within Barron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barron 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 Barron's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54812 zip code has the highest median property tax rate of 1.61%, while the same zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Barron provides valuable insights into the varying tax landscape across Barron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barron Tax Rate
1.61%
Average Barron County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barron, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54812 | 1.13% | 1.28% | 1.61% | 1.77% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Barron, Wisconsin
In Barron, 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 Barron County Assessor's Office 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 Barron, 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 Barron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 54812, with a median tax bill of $2,022.
Average Barron Assessed Value
$132,650
Average Barron County Assessed Value
$176,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barron, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54812 | $63,700 | $94,175 | $132,650 | $183,375 | $234,500 |
Source: Ownwell
Property Tax Bills Across Barron, Wisconsin
In Barron, WI, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. Several factors influence the assessed value, including the property's size, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Homeowners in Barron experience a range of property tax bills. For instance, the 25th percentile tax bill is $1,432, while the 75th percentile tax bill reaches $2,792, and the 90th percentile tax bill can be as high as $3,691. These figures illustrate the variability in tax bills, reflecting differences in property values and local tax rates within the area. Compared to the national median property tax rate of 0.99%, Barron's tax bills highlight the importance of understanding local tax assessments and their impact on homeowners' finances.
Average Barron Tax Bill
$2,022
Average Barron County Tax Bill
$2,341
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Barron, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54812 | $912 | $1,432 | $2,022 | $2,792 | $3,691 |
Source: Ownwell