Willard, Wisconsin Property Taxes
The median property tax rate in Willard, WI is 1.48%, which is notably higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With a median home value of $159,600 in Willard, the typical annual property tax bill amounts to $2,374, falling below the national median of $2,690. Property taxes in Willard are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Willard'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 Willard 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
Willard, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$2,362
Ownwell’s Willard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willard 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 Willard, Wisconsin
Property taxes in Willard, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willard is 1.48%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Willard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willard 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 Willard's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54493 zip code has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Willard 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 Willard Tax Rate
1.48%
Average Clark County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willard, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54493 | 1.22% | 1.37% | 1.48% | 1.55% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Willard, Wisconsin
In Willard, 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 Willard, 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 Willard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Willard is $2,374 in the 54493 zip code, providing a clear picture of the potential tax obligations in the area.
Average Willard Assessed Value
$159,600
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 Willard, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54493 | $50,200 | $96,350 | $159,600 | $215,850 | $275,320 |
Source: Ownwell
Property Tax Bills Across Willard, Wisconsin
In Willard, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value typically reflects a percentage of the property's market value. Tax rates are then applied to this assessed value to generate the annual tax bill. Various factors influence the assessed value, including the property's location, size, and condition, as well as market trends. For homeowners in Willard, the median home price stands at $159,600. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,279 and the 75th percentile reaching $3,262. The 90th percentile tax bill goes up to $4,141, indicating that higher-valued properties incur substantially higher taxes. These figures illustrate the financial impact property taxes can have on homeowners, influencing their overall cost of living. Comparing these numbers to the national median property tax rate of 0.99%, it's clear that property taxes in Willard can be quite variable, affecting homeowners differently based on their property's assessed value.
Average Willard Tax Bill
$2,374
Average Clark County Tax Bill
$2,005
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Willard, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54493 | $676 | $1,279 | $2,374 | $3,262 | $4,141 |
Source: Ownwell