Birchwood, Wisconsin Property Taxes
The median property tax rate in Birchwood, WI is 0.98%, slightly lower than the national median of 0.99% and significantly below the Wisconsin state median of 1.58%. With a median home value of $178,800 in Birchwood, the typical annual property tax bill amounts to $1,797, which is less than the national median of $2,690. Property taxes in Birchwood are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Birchwood'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 Birchwood or another part of Barron County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Birchwood, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,752
Ownwell’s Birchwood Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and prospective buyers looking to estimate their annual property taxes in Birchwood. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Birchwood to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of your potential tax liabilities, helping you plan your finances better. For those interested in more detailed insights, scroll down for neighborhood-level trends and localized information. Your property’s assessed value, determined by the county, plays a crucial role in these calculations, taking into account any applicable exemptions.
Property Tax Rates Across Birchwood, Wisconsin
Property taxes in Birchwood, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birchwood is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Birchwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birchwood 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 Birchwood's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54817 zip code has both the highest and lowest median property tax rate in the region, at 0.98%. Understanding how these areas compare with Birchwood 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 Birchwood Tax Rate
0.98%
Average Barron County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birchwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54817 | 0.74% | 0.85% | 0.98% | 1.01% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Birchwood, Wisconsin
In Birchwood, 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 Birchwood, 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 Birchwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Barron County is $1797 in the 54817 zip code, while the lowest is also $1797 in the same zip code.
Average Birchwood Assessed Value
$178,800
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 Birchwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54817 | $17,400 | $35,200 | $178,800 | $392,900 | $548,670 |
Source: Ownwell
Property Tax Bills Across Birchwood, Wisconsin
In Birchwood, WI, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Birchwood face a range of property tax bills, with the 25th percentile at $313 and the 75th percentile reaching $4,249. The 90th percentile can see bills as high as $6,375. The local tax rate in Birchwood is influenced by various factors, including funding requirements for public services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Birchwood's rates can vary significantly, impacting homeowners differently based on their property's assessed value. For instance, the highest median tax bill in the area is $1,797, found in the 54817 zip code. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Birchwood Tax Bill
$1,797
Average Barron County Tax Bill
$2,341
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Birchwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54817 | $128 | $313 | $1,797 | $4,249 | $6,375 |
Source: Ownwell