Marshall, Dane County, Wisconsin Property Taxes
The median property tax rate in Marshall, WI is 1.96%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Marshall, the typical annual property tax bill reaches $4,606, exceeding the national median of $2,690. Property taxes in Marshall are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marshall'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 Marshall 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
Marshall, Dane County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$4,688
$4,351
Ownwell’s Marshall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marshall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marshall 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 Marshall, Dane County, Wisconsin
Property taxes in Marshall, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marshall is 1.96%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Marshall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marshall 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 Marshall's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53559 zip code has the highest median property tax rate of 1.96%, while the 53959 zip code has the lowest median tax rate of 1.57%. Understanding how these cities compare with Marshall provides valuable insights into the varying tax landscape across Dane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marshall Tax Rate
1.96%
Average Dane County Tax Rate
2.02%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marshall, Dane County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53559 | 1.61% | 1.77% | 1.96% | 2.00% | 2.09% |
| 53959 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Marshall, Dane County, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Marshall, 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 Dane 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. Assessment notices in Marshall 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. For example, the highest median tax bill in Marshall is $4,607 in zip code 53559, while the lowest median tax bill is $4,327 in zip code 53959. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Marshall, Dane County, Wisconsin
Source: Ownwell
$103,700
$373,450
$643,200
Average Marshall Assessed Value
$239,200
Average Dane County Assessed Value
$304,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marshall, Dane County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53559 | $100,600 | $187,800 | $239,200 | $297,700 | $389,600 |
| 53959 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Marshall, Dane County, Wisconsin
In Marshall, located in Dane County, WI, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. Once the assessment is made, the local tax rate is applied to this value to calculate the tax bill. Several factors influence the assessed value, including the property's location, size, condition, and recent sales of comparable properties in the area. In Marshall, the median home price is $239,200, and the property tax rate is higher than the national median of 0.99%. As a result, homeowners in Marshall face substantial tax bills. For instance, the 25th percentile tax bill is $3,618, while the 75th percentile reaches $5,672. The 90th percentile tax bill can be as high as $7,032. These tax bills significantly impact homeowners, affecting their annual budgets and long-term financial planning. Understanding how these factors interplay helps homeowners anticipate their tax obligations and plan accordingly.
Average Marshall Tax Bill
$4,606
Average Dane County Tax Bill
$7,324
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshall, Dane County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53559 | $2,386 | $3,618 | $4,607 | $5,673 | $7,034 |
| 53959 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell