Abbotsford, Wisconsin Property Taxes
The median property tax rate in Abbotsford, WI is 2.06%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Abbotsford at $122,400, the typical annual property tax bill reaches $2,491, slightly below the national median of $2,690. Property taxes in Abbotsford 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 Abbotsford'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 Abbotsford or another part of Clark County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Abbotsford, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.06%
Estimate Property Tax Bill
$2,521
Ownwell’s Abbotsford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abbotsford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abbotsford 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 Abbotsford, Wisconsin
Property taxes in Abbotsford, Wisconsin, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Abbotsford is 2.06%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Abbotsford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abbotsford 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 Abbotsford's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54405 zip code has both the highest and lowest median property tax rate of 2.06%. Understanding how these cities compare with Abbotsford provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abbotsford Tax Rate
2.06%
Average Clark County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abbotsford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54405 | 1.78% | 1.96% | 2.06% | 2.16% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Abbotsford, Wisconsin
In Abbotsford, 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 Clark County Assessor 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 Abbotsford, 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 Abbotsford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in Abbotsford is $2,491 in the 54405 zip code.
Average Abbotsford Assessed Value
$122,400
Average Clark County Assessed Value
$124,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abbotsford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54405 | $63,400 | $90,150 | $122,400 | $160,500 | $220,740 |
Source: Ownwell
Property Tax Bills Across Abbotsford, Wisconsin
In Abbotsford, located in Clark County, WI, property tax bills are determined based on the assessed value of a home and the applicable tax rate. The median home price in Abbotsford is $122,400, which serves as a starting point for calculating property taxes. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors such as property improvements, market conditions, and neighborhood characteristics influence the assessed value. Homeowners in Abbotsford can expect their tax bills to vary significantly. For instance, tax bills at the 25th percentile are around $1,828, while those at the 75th percentile reach approximately $3,343. At the 90th percentile, tax bills can go up to $4,434. These variations highlight the impact of property assessments and local tax rates on individual tax liabilities. Compared to the national median property tax rate of 0.99%, Abbotsford's property tax rates reflect the unique economic and housing conditions within the region, affecting homeowners' annual financial obligations.
Average Abbotsford Tax Bill
$2,491
Average Clark County Tax Bill
$2,005
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Abbotsford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54405 | $1,298 | $1,828 | $2,491 | $3,343 | $4,434 |
Source: Ownwell