Hiles, Wisconsin Property Taxes
The median property tax rate in Hiles, 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 $207,400 in Hiles, the typical annual property tax bill amounts to $2,201, which is below the national median of $2,690. Property taxes in Hiles are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Hiles' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hiles 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
Hiles, 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 Hiles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hiles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hiles 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 Hiles, Wisconsin
Property taxes in Hiles, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hiles is 1.07%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Hiles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hiles 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 Hiles's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54511 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Hiles 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 Hiles 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 Hiles, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54511 | 1.00% | 1.06% | 1.07% | 1.09% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Hiles, Wisconsin
In Hiles, 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 Hiles, 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 Hiles helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,201 in the 54511 zip code, while the lowest median tax bill is also $2,201 in the same zip code.
Average Hiles Assessed Value
$207,400
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 Hiles, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54511 | $60,540 | $95,800 | $207,400 | $324,100 | $602,720 |
Source: Ownwell
Property Tax Bills Across Hiles, Wisconsin
In Hiles, 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 Hiles is $207,400. To determine the property tax bill, the local tax rate is applied to the assessed value of the property. Various factors such as property size, location, and improvements can influence the assessed value, leading to variations in tax bills. For instance, homeowners in the 25th percentile of tax bills pay around $1,041, while those in the 75th percentile face bills closer to $3,605. At the 90th percentile, tax bills can reach up to $6,504. These figures illustrate the range of property tax burdens within the community. Compared to the national median property tax rate of 0.99%, Hiles homeowners experience a varied tax landscape, which can significantly impact their annual financial planning. Understanding these factors can help homeowners better anticipate their tax obligations and manage their finances accordingly.
Average Hiles Tax Bill
$2,201
Average Forest County Tax Bill
$1,403
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hiles, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54511 | $604 | $1,041 | $2,201 | $3,605 | $6,504 |
Source: Ownwell