Argonne, Wisconsin Property Taxes
The median property tax rate in Argonne, WI is 1.00%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Argonne at $98,600, the typical annual property tax bill is around $971, which is below the national median of $2,690. Property taxes in Argonne are calculated based on the assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Argonne'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 Argonne or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Argonne, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Argonne Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Argonne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Argonne 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 Forest County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Argonne, Wisconsin
Property taxes in Argonne, Wisconsin, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Argonne is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Argonne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Argonne 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 Argonne's effective property tax rate to other areas in Forest County and the national median. For comparison, the zip code 54511 has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Argonne provides valuable insights into the varying tax landscape across Forest County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Argonne Tax Rate
1.00%
Average Forest County Tax Rate
1.07%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Argonne, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54511 | 0.72% | 0.87% | 1.00% | 1.10% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Argonne, Wisconsin
In Argonne, 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 Forest 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 Argonne, 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 Argonne is $98,600. The 25th percentile tax bill is $434, while the 75th percentile tax bill is $1,815, and the 90th percentile tax bill reaches $2,814. The highest and lowest median tax bills are both $971, found in the 54511 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Argonne Assessed Value
$98,600
Average Forest County Assessed Value
$124,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Argonne, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54511 | $22,620 | $48,200 | $98,600 | $177,500 | $258,540 |
Source: Ownwell
Property Tax Bills Across Argonne, Wisconsin
In Argonne, located in Forest 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 city’s assessor, who evaluates the property to estimate its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Argonne, the median home price is $98,600. This results in a range of tax bills, with the 25th percentile paying around $434 and the 75th percentile facing a tax bill of approximately $1,815. At the higher end, the 90th percentile sees tax bills up to $2,814. Comparatively, the national median property tax rate is 0.99%, making Argonne’s property tax rates a crucial factor for homeowners to consider. These taxes fund essential services like schools, infrastructure, and emergency services, directly impacting the community’s quality of life. Understanding how these elements interplay can help homeowners better manage their finances and plan for future expenses.
Average Argonne Tax Bill
$971
Average Forest County Tax Bill
$1,403
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Argonne, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54511 | $176 | $434 | $971 | $1,815 | $2,814 |
Source: Ownwell