Gordon, Wisconsin Property Taxes
The median property tax rate in Gordon, WI is 0.83%, notably lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $287,100 in Gordon, the typical annual property tax bill amounts to $2,374, which is below the national median of $2,690. Property taxes in Gordon are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gordon'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 Gordon 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
Gordon, 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 Gordon Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gordon with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Gordon to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, making it easier to plan financially. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is determined by the county for property tax calculations, taking into account any exemptions that may apply.
Property Tax Rates Across Gordon, Wisconsin
Property taxes in Gordon, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gordon is 1.07%, higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Gordon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gordon 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 Gordon's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the ZIP code 54838 has the highest median property tax rate of 1.07%, while ZIP code 54838 also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Gordon provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gordon Tax Rate
0.83%
Average Bayfield County Tax Rate
1.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gordon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54838 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Gordon, Wisconsin
In Gordon, WI, understanding the distinction between "market value" and "assessed value" is essential for comprehending property taxes. The market value represents 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 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. In Gordon, 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 Gordon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Bayfield County is 54838, both at $2,374.
Average Gordon Assessed Value
$287,100
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 Gordon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54838 | $107,680 | $194,500 | $287,100 | $405,700 | $585,270 |
Source: Ownwell
Property Tax Bills Across Gordon, Wisconsin
In Gordon, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements made to the property. For instance, the median home price in Gordon is $287,100, and the property tax rate in Bayfield County is relatively high compared to the national median of 0.99%. Homeowners in Gordon can expect to pay a property tax bill that varies significantly depending on their home's value. The tax bill at the 25th percentile is around $1,565, while at the 75th percentile, it rises to $3,354. Those at the 90th percentile face a tax bill of approximately $4,839. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Gordon Tax Bill
$2,374
Average Bayfield County Tax Bill
$1,916
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Gordon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54838 | $890 | $1,565 | $2,374 | $3,354 | $4,839 |
Source: Ownwell