Cable, Wisconsin Property Taxes
The median property tax rate in Cable, WI is 0.87%, which is lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Cable at $236,100, the typical annual property tax bill amounts to $2,038, falling below the national median of $2,690. Property taxes in Cable are calculated based on the tax assessed value, which often comes in under the market value due to exemptions like primary residence and agricultural exemptions. Understanding Cable'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 Cable or another part of Bayfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cable, 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 Cable Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cable with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cable 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 Cable, Wisconsin
Property taxes in Cable, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cable is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Cable set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cable 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 Cable's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54821 has both the highest and lowest median property tax rate of 0.87%. Understanding how these cities compare with Cable provides valuable insights into the varying tax landscape across Bayfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cable Tax Rate
0.87%
Average Bayfield County Tax Rate
1.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cable, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54821 | 0.76% | 0.78% | 0.87% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Cable, Wisconsin
In Cable, Wisconsin, understanding the distinction between "market value" and "assessed value" is essential for grasping property taxes. The market value represents the price a willing buyer would pay a willing seller in an open market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the local 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. Assessment notices in Cable 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 Cable helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Cable is $2,038, consistent across the 54821 zip code.
Average Cable Assessed Value
$236,100
Average Bayfield County Assessed Value
$167,000
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cable, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54821 | $61,580 | $131,825 | $236,100 | $408,450 | $649,850 |
Source: Ownwell
Property Tax Bills Across Cable, Wisconsin
In Cable, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $236,100, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $1,140, while at the 75th percentile, it rises to approximately $3,347. The highest tax bills, at the 90th percentile, can reach up to $5,187. This range shows how property taxes can significantly impact homeowners, depending on their property's assessed value and the specific tax rates applied. In Bayfield County, where Cable is located, the median tax bill is $2,038, which is slightly above the national median property tax rate of 0.99%. This means homeowners in Cable may experience higher property tax obligations compared to the national average.
Average Cable Tax Bill
$2,038
Average Bayfield County Tax Bill
$1,916
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cable, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54821 | $523 | $1,140 | $2,038 | $3,347 | $5,187 |
Source: Ownwell