Pickerel, Wisconsin Property Taxes
The median property tax rate in Pickerel, WI is 1.06%, 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 $197,700 in Pickerel, the typical annual property tax bill is around $2,094, which is below the national median of $2,690. Property taxes in Pickerel are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Pickerel'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 Pickerel 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
Pickerel, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,096
$1,945
Ownwell’s Pickerel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pickerel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pickerel 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 Pickerel, Wisconsin
Property taxes in Pickerel, Wisconsin, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pickerel is 1.06%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Pickerel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pickerel 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 Pickerel's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54465 has both the highest and lowest median property tax rate of 1.06%. Understanding how these cities compare with Pickerel 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 Pickerel Tax Rate
1.06%
Average Forest County Tax Rate
1.07%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pickerel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54465 | 0.98% | 1.03% | 1.06% | 1.08% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Pickerel, Wisconsin
In Pickerel, 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 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. Assessment notices in Pickerel 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 Pickerel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $2,094 in the 54465 zip code, reflecting the uniformity in property tax assessments within the area.
Average Pickerel Assessed Value
$197,700
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 Pickerel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54465 | $77,640 | $132,575 | $197,700 | $266,625 | $332,120 |
Source: Ownwell
Property Tax Bills Across Pickerel, Wisconsin
In Pickerel, 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 local assessor's office and reflects the market value of the property. Once the assessed value is established, local tax rates, which fund essential services like schools and public safety, are applied to calculate the tax bill. Homeowners in Pickerel can expect property tax bills that vary significantly. For instance, the 25th percentile tax bill is around $1,391, while the 75th percentile tax bill can reach up to $2,876. At the higher end, the 90th percentile tax bill is approximately $3,513. The median home price in Pickerel is $197,700, which provides context for these figures. These property taxes impact homeowners by influencing their annual financial obligations. Compared to the national median property tax rate of 0.99%, Pickerel's property tax rates can be seen as relatively moderate, ensuring that homeowners contribute to local services while balancing their financial responsibilities.
Average Pickerel Tax Bill
$2,094
Average Forest County Tax Bill
$1,403
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Pickerel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54465 | $797 | $1,391 | $2,094 | $2,876 | $3,513 |
Source: Ownwell