Barronett, Wisconsin Property Taxes
The median property tax rate in Barronett, WI is 0.99%, aligning with the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Barronett at $163,850, the typical annual property tax bill amounts to $1,599, which is below the national median of $2,690. Property taxes in Barronett are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Barronett'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 Barronett 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
Barronett, 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 Barronett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barronett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barronett 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 Barronett, Wisconsin
Property taxes in Barronett, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Barronett is 1.37%, higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Barronett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barronett 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 Barronett's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54813 zip code has the highest median property tax rate of 1.37%, while the 54813 zip code has the lowest median tax rate of 1.37%. Understanding how these cities compare with Barronett 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 Barronett Tax Rate
0.99%
Average Barron County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barronett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54813 | 0.79% | 0.90% | 0.99% | 1.08% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Barronett, Wisconsin
In Barronett, 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 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 Barronett, 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 Barronett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54813 has both the highest and lowest median tax bill, which stands at $1,599.
Average Barronett Assessed Value
$163,850
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 Barronett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54813 | $29,350 | $96,125 | $163,850 | $250,600 | $354,050 |
Source: Ownwell
Property Tax Bills Across Barronett, Wisconsin
In Barronett, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is an estimate of the property's market value, which is then multiplied by the tax rate set by local government authorities. For homeowners in Barronett, the median home price is $163,850. Property tax bills can vary significantly, with the 25th percentile tax bill at $900 and the 75th percentile reaching $2,674. At the 90th percentile, homeowners could see tax bills as high as $3,826. These tax bills reflect the local government's need to fund public services such as schools, infrastructure, and emergency services. Homeowners in Barronett should be aware that their property taxes are higher than the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their annual expenses and plan accordingly, ensuring they are prepared for their financial obligations related to property ownership.
Average Barronett Tax Bill
$1,599
Average Barron County Tax Bill
$2,341
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Barronett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54813 | $235 | $900 | $1,599 | $2,674 | $3,826 |
Source: Ownwell