Malone, Wisconsin Property Taxes
The median property tax rate in Malone, WI is 1.54%, slightly lower than the state median of 1.58% but still considerably higher than the national median of 0.99%. With the median home value in Malone at $102,886, the typical annual property tax bill reaches $1,581, which is below the national median of $2,690. Property taxes in Malone are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Malone'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 Malone 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
Malone, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$1,584
Ownwell’s Malone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Malone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Malone 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 Malone, Wisconsin
Property taxes in Malone, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Malone is 1.54%, significantly higher than the U.S. national median of 0.99%. Local government entities within Malone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Malone 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 Malone's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 53049 has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Malone provides valuable insights into the varying tax landscape across Calumet County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Malone Tax Rate
1.54%
Average Calumet County Tax Rate
1.87%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Malone, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53049 | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Malone, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Malone, Wisconsin. 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 Calumet 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. 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 Malone helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Malone, the zip code with the highest median tax bill is 53049, with a tax bill of $1,581.00, and the zip code with the lowest median tax bill is also 53049, with the same value.
Average Malone Assessed Value
$102,886
Average Calumet County Assessed Value
$194,187
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Malone, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53049 | $102,886 | $102,886 | $102,886 | $102,886 | $102,886 |
Source: Ownwell
Property Tax Bills Across Malone, Wisconsin
In Malone, located in Calumet County, 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 local assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Malone experience a median home price of $102,886. With a median property tax bill of $1,581, the effective tax rate is approximately 1.54%, which is higher than the national median property tax rate of 0.99%. This indicates that homeowners in Malone pay a relatively higher proportion of their home’s value in property taxes compared to the national average. For homeowners, this means that property taxes can be a significant annual expense, impacting overall affordability and budget planning. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Malone Tax Bill
$1,581
Average Calumet County Tax Bill
$3,772
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Malone, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53049 | $1,581 | $1,581 | $1,581 | $1,581 | $1,581 |
Source: Ownwell