Crandon, Wisconsin Property Taxes
The median property tax rate in Crandon, WI is 1.07%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $137,300 in Crandon, the typical annual property tax bill amounts to $1,600, which is below the national median of $2,690. Property taxes in Crandon are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Crandon'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 Crandon or another part of Forest County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crandon, 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 Crandon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crandon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crandon 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 Crandon, Wisconsin
Property taxes in Crandon, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crandon is 1.07%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Crandon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crandon 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 Crandon's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54520 zip code has both the highest and lowest median property tax rate of 1.07%. Understanding how these cities compare with Crandon 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 Crandon Tax Rate
1.07%
Average Forest County Tax Rate
1.07%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crandon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54520 | 0.94% | 1.02% | 1.07% | 1.29% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Crandon, Wisconsin
In Crandon, 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 Crandon, 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 Crandon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54520 has a median tax bill of $1,600, which can help homeowners gauge their own tax expectations.
Average Crandon Assessed Value
$137,300
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 Crandon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54520 | $42,780 | $75,700 | $137,300 | $233,375 | $326,720 |
Source: Ownwell
Property Tax Bills Across Crandon, Wisconsin
In Crandon, located in Forest County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Crandon is $137,300, and the property tax rate in this region is 1.16%, which is higher than the national median of 0.99%. To determine the tax bill, the assessed value of the property is multiplied by the tax rate. For example, a home valued at the median price would have an annual tax bill of approximately $1,600. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Crandon can see tax bills ranging from $893 at the 25th percentile to $3,743 at the 90th percentile, reflecting variations in property values and specific circumstances. These property taxes fund essential public services such as schools, infrastructure, and emergency services, thereby impacting the overall quality of life for residents. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Crandon Tax Bill
$1,600
Average Forest County Tax Bill
$1,403
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Crandon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54520 | $437 | $893 | $1,600 | $2,592 | $3,743 |
Source: Ownwell