Humbird, Clark County, Wisconsin Property Taxes
The median property tax rate in Humbird, WI is 1.55%, slightly below Wisconsin's state median of 1.58% but still significantly higher than the national median of 0.99%. With a median home value of $106,800 in Humbird, the typical annual property tax bill amounts to $1,659, which is below the national median of $2,690. Property taxes in Humbird are determined based on the assessed value of the property, which is often lower than the market value due to exemptions such as those for primary residences and agricultural land. Navigating Humbird's property tax system, identifying available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you're a homeowner or a real estate investor in Humbird, understanding the local property tax structure is crucial for managing costs effectively.
Last Updated June 14, 2024
Humbird, Clark County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$1,655
$1,536
Ownwell’s Humbird Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Humbird with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Humbird 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 Humbird, Clark County, Wisconsin
Property taxes in Humbird, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Humbird is 1.55%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Humbird set these rates annually, and they can vary significantly across different neighborhoods. Each year, Humbird 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 Humbird's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54746 has the highest median property tax rate of 1.55%, while the lowest median tax rate is also 1.55%. Understanding how these cities compare with Humbird 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 Humbird Tax Rate
1.55%
Average Clark County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Humbird, Clark County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54746 | 1.16% | 1.38% | 1.55% | 1.66% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Humbird, Clark County, Wisconsin
In Humbird, 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 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 Humbird, 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 Humbird helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 54746, both with a value of $1,659.
Property Tax Assessment Values Across Humbird, Clark County, Wisconsin
Source: Ownwell
$103,600
$145,250
$186,900
Average Humbird Assessed Value
$106,800
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 Humbird, Clark County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54746 | $28,440 | $62,200 | $106,800 | $175,200 | $239,200 |
Source: Ownwell
Property Tax Bills Across Humbird, Clark County, Wisconsin
In Humbird, property tax bills are calculated based on the assessed value of the home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. For homeowners in Humbird, the median home price is $106,800. Property tax bills can vary widely, with the 25th percentile tax bill at $850 and the 75th percentile reaching $2,720. The 90th percentile tax bill can go up to $4,018, reflecting the range of property values and tax rates in the area. Compared to the national median property tax rate of 0.99%, homeowners in Humbird might experience different financial impacts depending on their property's assessed value. These property taxes fund essential services such as schools, public safety, and infrastructure, directly affecting the community's quality of life.
Average Humbird Tax Bill
$1,659
Average Clark County Tax Bill
$2,005
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Humbird, Clark County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54746 | $369 | $850 | $1,659 | $2,720 | $4,018 |
Source: Ownwell