Barronett, Wisconsin Property Taxes
The median property tax rate in Barronett, WI is 0.99%, aligning with the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $93,100 in Barronett, the typical annual property tax bill amounts to $1,015, which is below the national median of $2,690. Property taxes in Barronett are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Barronett'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 Barronett or another part of Burnett County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Barronett, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$922
$855
Ownwell’s Barronett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barronett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barronett 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 Barronett, Wisconsin
Property taxes in Barronett, Wisconsin, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Barronett is 1.58%, which is higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Barronett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barronett 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 Barronett's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the highest median property tax rate within the region is 2.1% in zip code 54813, while the lowest median tax rate is 1.58% in the same zip code. Understanding how these cities compare with Barronett provides valuable insights into the varying tax landscape across Burnett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barronett Tax Rate
0.99%
Average Burnett County Tax Rate
1.10%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barronett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54813 | 0.76% | 0.87% | 0.99% | 1.20% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Barronett, Wisconsin
In Barronett, 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 Burnett 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 Barronett, 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 Barronett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Barronett Assessed Value
$93,100
Average Burnett County Assessed Value
$141,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barronett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54813 | $27,580 | $60,600 | $93,100 | $141,600 | $218,680 |
Source: Ownwell
Property Tax Bills Across Barronett, Wisconsin
In Barronett, property tax bills are calculated by multiplying the assessed value of the home by the local tax rate. The median home price in Barronett is $93,100, which serves as the basis for the assessed value. Homeowners in this area can expect their tax bills to vary significantly based on the value of their property and the specific tax rate applied. For instance, the tax bill at the 25th percentile is $509, while at the 75th percentile, it rises to $1375. At the 90th percentile, homeowners might see tax bills as high as $2215. The highest and lowest median tax bills in the area are both $1015, indicating a relatively consistent tax rate across different properties. These tax bills are influenced by various factors including property location, home improvements, and local government budgets. Compared to the national median property tax rate of 0.99%, homeowners in Barronett may find their tax obligations to be relatively moderate. This can significantly impact homeowners' annual financial planning and overall cost of living.
Average Barronett Tax Bill
$1,015
Average Burnett County Tax Bill
$1,677
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Barronett, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54813 | $254 | $509 | $1,015 | $1,375 | $2,215 |
Source: Ownwell