Casco, Wisconsin Property Taxes
The median property tax rate in Casco, WI is 1.38%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Casco at $187,450, the typical annual property tax bill is $2,609, slightly below the national median of $2,690. Property taxes in Casco are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Casco'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 Casco or another part of Door County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Casco, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$2,587
Ownwell’s Casco Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Casco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Casco 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 Casco, Wisconsin
Property taxes in Casco, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Casco is 1.38%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Casco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Casco 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 Casco's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54205 zip code has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Casco provides valuable insights into the varying tax landscape across Door County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Casco Tax Rate
1.38%
Average Door County Tax Rate
1.06%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Casco, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54205 | 0.69% | 1.38% | 1.38% | 1.40% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Casco, Wisconsin
In Casco, 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 Door 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 Casco, 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 Casco helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 54205 has the highest and lowest median tax bill at $2,609.
Average Casco Assessed Value
$187,450
Average Door County Assessed Value
$231,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Casco, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54205 | $137,900 | $162,500 | $187,450 | $251,375 | $340,450 |
Source: Ownwell
Property Tax Bills Across Casco, Wisconsin
In Casco, WI, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the local assessor and reflects the property's market value. Homeowners in Casco can expect their property tax bill to vary significantly depending on their home's value and location within Door County. For example, the median home price in Casco is $187,450. Property tax bills in the area range from $1,951 at the 25th percentile to $4,713 at the 90th percentile, indicating a wide disparity based on property value and other factors. The median tax bill in the highest and lowest zip codes within the county is $2,609, which is higher than the national median property tax rate of 0.99%. These property taxes fund essential services such as public schools, infrastructure, and emergency services. As a result, higher property taxes can impact homeowners by increasing their overall housing costs, making it crucial for them to understand how their tax bill is determined and what factors influence it.
Average Casco Tax Bill
$2,609
Average Door County Tax Bill
$2,726
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Casco, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54205 | $835 | $1,951 | $2,609 | $3,281 | $4,713 |
Source: Ownwell