Poplar, Wisconsin Property Taxes
The median property tax rate in Poplar, WI is 1.11%, slightly higher than the national median of 0.99% but lower than Wisconsin's state median of 1.58%. With a median home value of $201,400, the typical annual property tax bill in Poplar is $2,209, which is below the national median of $2,690. Property taxes in Poplar are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Poplar'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 Poplar or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Poplar, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,236
Ownwell’s Poplar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Poplar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Poplar 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 Poplar, Wisconsin
Property taxes in Poplar, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Poplar is 1.11%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Poplar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poplar 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 Poplar's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54864 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these figures compare with Poplar provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Poplar Tax Rate
1.11%
Average Douglas County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poplar, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54864 | 0.98% | 1.06% | 1.11% | 1.15% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Poplar, Wisconsin
In Poplar, 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 Douglas County Assessor 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 Poplar, 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. In Poplar, the zip code 54864 has the highest and lowest median tax bill, both at $2209. Being aware of these valuation processes in Poplar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Poplar Assessed Value
$201,400
Average Douglas County Assessed Value
$170,250
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Poplar, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54864 | $106,110 | $157,325 | $201,400 | $261,700 | $330,560 |
Source: Ownwell
Property Tax Bills Across Poplar, Wisconsin
In Poplar, located in Douglas County, WI, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local assessor and reflects the estimated market value of the property. Homeowners in Poplar can expect their tax bill to vary widely, with the 25th percentile tax bill around $1,713 and the 75th percentile reaching approximately $2,946. The 90th percentile tax bill can climb as high as $3,918. These tax amounts are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, a median home price in Poplar is $201,400, which serves as a baseline for calculating individual property taxes. Compared to the national median property tax rate of 0.99%, Poplar's rates can be relatively high, affecting homeowners by increasing their annual housing costs. This financial impact underscores the importance of understanding local property tax calculations and seeking any available relief options.
Average Poplar Tax Bill
$2,209
Average Douglas County Tax Bill
$2,072
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Poplar, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54864 | $1,046 | $1,713 | $2,209 | $2,946 | $3,918 |
Source: Ownwell