Hertel, Wisconsin Property Taxes
The median property tax rate in Hertel, WI is 1.28%, significantly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $101,800 in Hertel, the typical annual property tax bill amounts to $1,449, which is below the national median of $2,690. Property taxes in Hertel are calculated based on the tax assessed value, which usually falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Hertel'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 Hertel or another part of Burnett County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hertel, 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 Hertel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hertel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hertel 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 Hertel, Wisconsin
Property taxes in Hertel, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hertel is 1.28%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Hertel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hertel 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 Hertel's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54845 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these areas compare with Hertel 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 Hertel Tax Rate
1.28%
Average Burnett County Tax Rate
1.10%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hertel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54845 | 1.03% | 1.16% | 1.28% | 1.37% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Hertel, Wisconsin
In Hertel, 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 Hertel, 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. Hertel's median home price is $101,800, and the annual tax bill ranges significantly, with the 25th percentile at $734 and the 90th percentile peaking at $2,787. The zip code 54845 has both the highest and lowest median tax bill at $1,449. Being aware of these valuation processes in Hertel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hertel Assessed Value
$101,800
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 Hertel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54845 | $26,620 | $54,850 | $101,800 | $157,450 | $207,020 |
Source: Ownwell
Property Tax Bills Across Hertel, Wisconsin
In Hertel, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Burnett County, the median home price is $101,800. Property tax bills can vary significantly, with the 25th percentile at $734 and the 75th percentile reaching $2,023. The 90th percentile tax bill can go as high as $2,787, indicating substantial variation depending on the assessed property value and applicable exemptions. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, homeowners in Hertel may find their tax obligations influenced by these local factors. Understanding these elements can help homeowners anticipate their financial responsibilities and plan accordingly.
Average Hertel Tax Bill
$1,449
Average Burnett County Tax Bill
$1,677
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hertel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54845 | $307 | $734 | $1,449 | $2,023 | $2,787 |
Source: Ownwell