Bagley, Wisconsin Property Taxes
The median property tax rate in Bagley, WI is 1.51%, slightly lower than the Wisconsin state median of 1.58% but still significantly higher than the national median of 0.99%. With a median home value of $58,000, the typical annual property tax bill in Bagley amounts to $816, which is below the national median of $2,690. Property taxes in Bagley are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Navigating Bagley's property tax system, identifying available exemptions, and seeking opportunities for tax reductions can result in substantial annual savings. Whether you reside in Bagley or are investing in the area, gaining a comprehensive understanding of the local property tax structure is essential for maximizing financial benefits.
Last Updated June 14, 2024
Bagley, 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 Bagley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bagley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bagley 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 Bagley, Wisconsin
Property taxes in Bagley, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bagley is 1.51%, which is significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Bagley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bagley 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 Bagley’s effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 53801 has both the highest and lowest median property tax rate of 1.51%. Understanding how these areas compare with Bagley provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bagley Tax Rate
1.51%
Average Grant County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bagley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53801 | 1.15% | 1.28% | 1.51% | 1.76% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Bagley, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bagley, Wisconsin. 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 Grant 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 Bagley, 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 Bagley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bagley is $58,000, with tax bills ranging from $362 at the 25th percentile to $3,606 at the 90th percentile. The zip code 53801 has both the highest and lowest median tax bill at $816.
Average Bagley Assessed Value
$58,000
Average Grant County Assessed Value
$141,950
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bagley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53801 | $5,580 | $21,500 | $58,000 | $157,000 | $231,460 |
Source: Ownwell
Property Tax Bills Across Bagley, Wisconsin
In Bagley, located in Grant County, WI, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Bagley is $58,000. To determine your tax bill, the assessed value of your property is multiplied by the local tax rate. For example, the national median property tax rate is 0.99%, but local rates can vary. Several factors influence your tax bill, including property size, location, and any applicable exemptions. In Bagley, the 25th percentile tax bill is $362, while the 75th percentile tax bill is $2,076, and the 90th percentile tax bill reaches $3,606. These figures show a wide range of possible tax bills, reflecting differences in property values and exemptions. Homeowners in Bagley should be aware that their property taxes contribute to essential public services like schools, roads, and emergency services. Understanding these factors can help homeowners anticipate and manage their annual tax responsibilities effectively.
Average Bagley Tax Bill
$816
Average Grant County Tax Bill
$2,159
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Bagley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53801 | $79 | $362 | $816 | $2,076 | $3,606 |
Source: Ownwell