Armstrong Creek, Wisconsin Property Taxes
The median property tax rate in Armstrong Creek, WI is 1.30%, noticeably higher than the national median of 0.99% but lower than Wisconsin's state median of 1.58%. With a median home value of $82,700 in Armstrong Creek, the typical annual property tax bill amounts to $1,083, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Armstrong Creek'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 Armstrong Creek or another part of Forest County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Armstrong Creek, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,075
$998
Ownwell’s Armstrong Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Armstrong Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Armstrong Creek 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 Armstrong Creek, Wisconsin
Property taxes in Armstrong Creek, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Armstrong Creek is 1.30%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Armstrong Creek set these rates annually, and they can vary considerably across different neighborhoods. Each year, Armstrong Creek 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 Armstrong Creek's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54103 zip code 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 Armstrong Creek 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 Armstrong Creek Tax Rate
1.30%
Average Forest County Tax Rate
1.07%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Armstrong Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54103 | 0.78% | 1.05% | 1.30% | 1.48% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Armstrong Creek, Wisconsin
In Armstrong Creek, 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 Armstrong Creek, 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 Armstrong Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Armstrong Creek is 54103, with a median tax bill of $1,083.
Property Tax Assessment Values Across Armstrong Creek, Wisconsin
Source: Ownwell
$36,200
$213,800
$391,400
Average Armstrong Creek Assessed Value
$82,700
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 Armstrong Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54103 | $17,300 | $39,325 | $82,700 | $121,000 | $175,900 |
Source: Ownwell
Property Tax Bills Across Armstrong Creek, Wisconsin
In Armstrong Creek, located in Forest County, WI, property tax bills are determined by a combination of the assessed property value and the local tax rate. The median home price in Armstrong Creek is $82,700. Homeowners can expect their property tax bills to vary significantly based on their home's assessed value and the specific tax rate applied. For instance, the 25th percentile tax bill is approximately $394, while the 75th percentile tax bill reaches around $1,695. At the 90th percentile, homeowners might see tax bills as high as $2,636. These figures illustrate the impact of property taxes on homeowners, with tax bills potentially representing a significant annual expense. Comparatively, the national median property tax rate stands at 0.99%, providing context for how Armstrong Creek's tax rates align with national averages. Understanding these factors is crucial for homeowners as they plan their finances and consider the long-term costs of owning property in Armstrong Creek.
Average Armstrong Creek Tax Bill
$1,083
Average Forest County Tax Bill
$1,403
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Armstrong Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54103 | $160 | $394 | $1,083 | $1,695 | $2,636 |
Source: Ownwell