Portage, Columbia County, Wisconsin Property Taxes
The median property tax rate in Portage, WI is 1.02%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Portage at $163,496, the typical annual property tax bill amounts to $2,186, which is below the national median of $2,690. Property taxes in Portage are based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Portage'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 Portage or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Portage, Columbia County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,668
$1,548
Ownwell's Portage Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Portage with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Portage 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 Portage, Columbia County, Wisconsin
Property taxes in Portage, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Portage is 1.02%, slightly higher than the U.S. national median of 0.99%. Local government entities within Portage set these rates annually, and they can vary significantly across different neighborhoods. Each year, Portage 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 Portage's effective property tax rate to other areas in Columbia County and the national median. For comparison, the 53901 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Portage provides valuable insights into the varying tax landscape across Columbia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Portage Tax Rate
1.02%
Average Columbia County Tax Rate
1.43%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Portage, Columbia County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53901 | 0.76% | 0.85% | 1.02% | 1.72% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Portage, Columbia County, Wisconsin
In Portage, 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 Columbia 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 Portage, 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 Portage helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $2186 in the 53901 zip code.
Property Tax Assessment Values Across Portage, Columbia County, Wisconsin
Source: Ownwell
$127,755
$236,353
$344,951
Average Portage Assessed Value
$163,496
Average Columbia County Assessed Value
$201,380
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Portage, Columbia County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53901 | $93,906 | $126,342 | $163,496 | $261,676 | $343,516 |
Source: Ownwell
Property Tax Bills Across Portage, Columbia County, Wisconsin
In Portage, 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 Columbia County assessor's office and reflects the market value of the property. The local tax rate is applied to this assessed value to determine the tax bill. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in Portage experience a range of tax bills. For example, the 25th percentile tax bill is $1,166, while the 75th percentile reaches $3,061. At the 90th percentile, homeowners might pay up to $4,562. These figures show a significant variation based on property characteristics and assessed values. For comparison, the national median property tax rate is 0.99%, highlighting how local rates and property values in Portage can affect overall tax obligations. Understanding these factors can help homeowners anticipate their tax responsibilities and plan accordingly.
Average Portage Tax Bill
$2,186
Average Columbia County Tax Bill
$2,882
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Portage, Columbia County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53901 | $943 | $1,166 | $2,186 | $3,061 | $4,562 |
Source: Ownwell