Herbster, Wisconsin Property Taxes
The median property tax rate in Herbster, WI is 1.38%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $131,200 in Herbster, the typical annual property tax bill amounts to $1,743, which is below the national median of $2,690. Property taxes in Herbster are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Herbster'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 Herbster or another part of Bayfield County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Herbster, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$1,811
Ownwell’s Herbster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Herbster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Herbster 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 Herbster, Wisconsin
Property taxes in Herbster, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Herbster is 1.38%, significantly higher than both the Wisconsin state median of 1.68% and the U.S. national median of 0.99%. Local government entities within Herbster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Herbster 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 Herbster's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54844 zip code has the highest median property tax rate of 1.38%, while the 54844 zip code also has the lowest median tax rate of 1.38%. Understanding how these areas compare with Herbster 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 Herbster Tax Rate
1.38%
Average Bayfield County Tax Rate
1.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Herbster, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54844 | 1.38% | 1.38% | 1.38% | 1.38% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Herbster, Wisconsin
In Herbster, 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 Bayfield 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 Herbster, 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 Herbster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Herbster's median home price is $131,200, with tax bills ranging from $965 at the 25th percentile to $5,324 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 54844, with a median tax bill of $1,743.
Average Herbster Assessed Value
$131,200
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 Herbster, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54844 | $43,480 | $72,375 | $131,200 | $241,975 | $388,950 |
Source: Ownwell
Property Tax Bills Across Herbster, Wisconsin
In Herbster, located in Bayfield 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 this area is $131,200. Property taxes are influenced by several factors, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Homeowners in Herbster can expect their tax bills to vary significantly, with the 25th percentile tax bill around $965 and the 75th percentile tax bill reaching $3,308. At the 90th percentile, tax bills can go as high as $5,324. These variations can have a substantial impact on homeowners' finances, making it essential to understand how property taxes are determined. The highest and lowest median tax bills in the region are both $1,743, reflecting the uniformity in tax assessments within certain areas. Compared to the national median property tax rate of 0.99%, Herbster's rates can be more or less burdensome depending on individual property values and specific local tax policies.
Average Herbster Tax Bill
$1,743
Average Bayfield County Tax Bill
$1,916
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Herbster, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54844 | $564 | $965 | $1,743 | $3,308 | $5,324 |
Source: Ownwell