Cadott, Wisconsin Property Taxes
The median property tax rate in Cadott, WI is 1.17%, 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 $165,600 in Cadott, the typical annual property tax bill amounts to $1,968, falling below the national median of $2,690. Property taxes in Cadott are calculated based on the tax assessed value, which often is lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Navigating Cadott’s property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether residing in the heart of Cadott or in other parts of Chippewa County, understanding the local property tax structure benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Cadott, 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 Cadott Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cadott with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cadott 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 Cadott, Wisconsin
Property taxes in Cadott, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cadott is 1.17%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Cadott set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cadott 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 Cadott's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54727 has both the highest and lowest median property tax rate of 1.17%. Understanding how these cities compare with Cadott provides valuable insights into the varying tax landscape across Chippewa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cadott Tax Rate
1.17%
Average Chippewa County Tax Rate
1.09%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cadott, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54727 | 0.87% | 1.04% | 1.17% | 1.46% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Cadott, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cadott, 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 Chippewa 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 Cadott, 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. The median home price in Cadott is $165,600, with the highest median tax bill being $1,968 in the 54727 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cadott Assessed Value
$165,600
Average Chippewa County Assessed Value
$187,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cadott, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54727 | $23,980 | $100,450 | $165,600 | $232,750 | $288,800 |
Source: Ownwell
Property Tax Bills Across Cadott, Wisconsin
In Cadott, located in Chippewa 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 local assessors who evaluate the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Cadott is $165,600, which provides a baseline for understanding local property taxes. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Cadott can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $1,133 and the 75th percentile at $2,836. The 90th percentile tax bill can be as high as $3,647. Compared to the national median property tax rate of 0.99%, Cadott's property tax rates can have a substantial impact on homeowners, affecting their annual budget and overall financial planning. Understanding these factors can help homeowners better anticipate their property tax obligations.
Average Cadott Tax Bill
$1,968
Average Chippewa County Tax Bill
$2,187
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cadott, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54727 | $292 | $1,133 | $1,968 | $2,836 | $3,647 |
Source: Ownwell