Ridgeland, Wisconsin Property Taxes
The median property tax rate in Ridgeland, WI is 1.18%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $149,400 in Ridgeland, the typical annual property tax bill reaches $1,985, which is below the national median of $2,690. Property taxes in Ridgeland are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Ridgeland'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 Ridgeland 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
Ridgeland, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,763
Ownwell’s Ridgeland Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ridgeland with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Ridgeland to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Barron County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Ridgeland, Wisconsin
Property taxes in Ridgeland, Wisconsin, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ridgeland is 1.18%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Ridgeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ridgeland 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 Ridgeland's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54763 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Ridgeland 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 Ridgeland Tax Rate
1.18%
Average Barron County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ridgeland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54763 | 1.03% | 1.10% | 1.18% | 1.24% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Ridgeland, Wisconsin
In Ridgeland, 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 Ridgeland, 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 Ridgeland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ridgeland is $149,400, with tax bills ranging from $1,253 at the 25th percentile to $4,446 at the 90th percentile. The highest and lowest median tax bills are both recorded at $1,985 in the 54763 zip code.
Average Ridgeland Assessed Value
$149,400
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 Ridgeland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54763 | $75,900 | $111,850 | $149,400 | $221,200 | $337,300 |
Source: Ownwell
Property Tax Bills Across Ridgeland, Wisconsin
In Ridgeland, located in Barron County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Ridgeland is $149,400, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, neighborhood developments, and changes in the housing market can influence the assessed value, thereby affecting the tax bill. Homeowners in Ridgeland can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is $1,253, while the 75th percentile tax bill is $2,836. Those in the 90th percentile face a tax bill as high as $4,446. This range shows how different factors can impact individual tax bills. Compared to the national median property tax rate of 0.99%, Ridgeland’s property taxes reflect the unique economic and real estate conditions of the area. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Ridgeland Tax Bill
$1,985
Average Barron County Tax Bill
$2,341
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Ridgeland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54763 | $746 | $1,253 | $1,985 | $2,836 | $4,446 |
Source: Ownwell