Wheeler, Wisconsin Property Taxes
The median property tax rate in Wheeler, WI is 1.28%, which is notably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $172,100 in Wheeler, the typical annual property tax bill amounts to $2,202, which is below the national median of $2,690. Property taxes in Wheeler are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Wheeler's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you reside in Wheeler or another part of Dunn County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wheeler, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$2,203
Ownwell’s Wheeler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wheeler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wheeler 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 Wheeler, Wisconsin
Property taxes in Wheeler, Wisconsin, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Wheeler is 1.28%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Wheeler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wheeler 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 Wheeler's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54772 zip code has the highest median property tax rate of 1.28%, while the 54772 zip code also has the lowest median tax rate of 1.28%. Understanding how these areas compare with Wheeler 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 Wheeler Tax Rate
1.28%
Average Dunn County Tax Rate
1.31%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wheeler, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54772 | 1.09% | 1.20% | 1.28% | 1.46% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Wheeler, Wisconsin
In Wheeler, 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 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 Wheeler, 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 Wheeler 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 54772, with a median tax bill of $2,202.
Average Wheeler Assessed Value
$172,100
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 Wheeler, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54772 | $72,840 | $110,800 | $172,100 | $225,600 | $284,590 |
Source: Ownwell
Property Tax Bills Across Wheeler, Wisconsin
In Wheeler, located in Dunn County, WI, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Wheeler is $172,100, which serves as a baseline for determining property taxes. The tax rate is applied to the assessed value to calculate the annual tax bill. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value. Homeowners in Wheeler can expect a range of property tax bills. At the 25th percentile, the tax bill is approximately $1,418, while at the 75th percentile, it rises to around $3,005. For those in the 90th percentile, the tax bill can reach up to $3,901. These figures highlight the variability in property tax obligations depending on the home's assessed value and other influencing factors. Compared to the national median property tax rate of 0.99%, Wheeler's property tax bills reflect the local economic conditions and property values, impacting homeowners' annual financial responsibilities.
Average Wheeler Tax Bill
$2,202
Average Dunn County Tax Bill
$2,914
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Wheeler, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54772 | $945 | $1,418 | $2,202 | $3,005 | $3,901 |
Source: Ownwell