Glenwood City, Wisconsin Property Taxes
The median property tax rate in Glenwood City, WI is 1.61%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Glenwood City at $196,950, the typical annual property tax bill reaches $3,258, exceeding the national median of $2,690. Property taxes in Glenwood City are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Glenwood City'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 Glenwood City 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
Glenwood City, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$3,171
$2,943
Ownwell’s Glenwood City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenwood City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenwood City 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 Glenwood City, Wisconsin
Property taxes in Glenwood City, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenwood City is 1.61%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Glenwood City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenwood City 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 Glenwood City's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54013 zip code has both the highest and lowest median property tax rate of 1.61%. Understanding how these areas compare with Glenwood City 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 Glenwood City Tax Rate
1.61%
Average Dunn County Tax Rate
1.31%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenwood City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54013 | 1.50% | 1.56% | 1.61% | 1.71% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Glenwood City, Wisconsin
In Glenwood City, 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 Glenwood City, 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. The median home price in Glenwood City is $196,950, and the tax bill at the 25th percentile is $2,909, while at the 75th percentile, it is $4,242. 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 Glenwood City, Wisconsin
Source: Ownwell
$101,000
$187,825
$274,650
Average Glenwood City Assessed Value
$196,950
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 Glenwood City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54013 | $106,680 | $180,825 | $196,950 | $254,925 | $277,980 |
Source: Ownwell
Property Tax Bills Across Glenwood City, Wisconsin
In Glenwood City, located in Dunn County, 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 local tax assessor and reflects the market value of the property. Factors such as property size, location, and improvements can influence this assessed value. The median home price in Glenwood City is $196,950, and the property tax rate is applied to this assessed value to determine the tax bill. Homeowners in Glenwood City can expect to pay a median property tax bill of $3,258, which is significantly higher than the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing their annual financial obligations. For those in the 25th percentile, the tax bill is around $2,909, while those in the 75th percentile face a tax bill of approximately $4,242. At the 90th percentile, the tax bill can reach up to $4,811. These figures highlight the variation in property tax bills homeowners might experience based on their property’s assessed value and the local tax rate.
Average Glenwood City Tax Bill
$3,258
Average Dunn County Tax Bill
$2,914
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenwood City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54013 | $1,694 | $2,909 | $3,258 | $4,242 | $4,811 |
Source: Ownwell