Durand, Wisconsin Property Taxes
The median property tax rate in Durand, WI is 1.30%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $183,700 in Durand, the typical annual property tax bill amounts to $2,402, surpassing the national median of $2,690. Property taxes in Durand are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Durand'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 Durand or another part of Dunn County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Durand, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,388
$2,216
Ownwell’s Durand Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Durand with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Durand 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 Durand, Wisconsin
Property taxes in Durand, Wisconsin, play a critical role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Durand is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Durand set these rates annually, and they can vary significantly across different neighborhoods. Each year, Durand 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 Durand's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54736 has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these areas compare with Durand provides valuable insights into the varying tax landscape across Dunn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Durand Tax Rate
1.30%
Average Dunn County Tax Rate
1.31%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Durand, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54736 | 1.27% | 1.29% | 1.30% | 1.32% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Durand, Wisconsin
In Durand, 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 Dunn 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 Durand, 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 Durand helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 54736, at $2,402, while the lowest is also 54736, at $2,402.
Average Durand Assessed Value
$183,700
Average Dunn County Assessed Value
$211,100
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Durand, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54736 | $139,700 | $156,000 | $183,700 | $212,000 | $275,380 |
Source: Ownwell
Property Tax Bills Across Durand, Wisconsin
In Durand, located in Dunn County, WI, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local assessors who evaluate the property's market value. The tax rate, applied to this assessed value, is influenced by local government budgets, school districts, and other public services. Homeowners in Durand face varying tax bills depending on their property's assessed value. For instance, the median home price in the area is $183,700. Tax bills in the 25th percentile are around $2,005, while those in the 75th percentile are approximately $2,808. At the 90th percentile, homeowners can expect to pay around $3,715 annually. These figures illustrate the range of property tax burdens within the community. Compared to the national median property tax rate of 0.99%, Durand's tax rates can significantly impact homeowners' finances. Higher property taxes can affect the affordability of homeownership, influencing decisions on buying or selling properties within the region.
Average Durand Tax Bill
$2,402
Average Dunn County Tax Bill
$2,914
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Durand, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54736 | $1,772 | $2,005 | $2,402 | $2,808 | $3,715 |
Source: Ownwell