Montfort, Wisconsin Property Taxes
The median property tax rate in Montfort, WI is 1.51%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $163,200 in Montfort, the typical annual property tax bill amounts to $2,316, which is below the national median of $2,690. Property taxes in Montfort are determined 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. By understanding Montfort’s property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve significant annual savings. Whether you're in the heart of Montfort or elsewhere in the city, gaining insight into the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Montfort, 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 Montfort Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Montfort with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Montfort 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 Montfort, Wisconsin
Property taxes in Montfort, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Montfort is 1.51%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Montfort set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montfort 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 Montfort's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 53569 has both the highest and lowest median property tax rate of 1.51%. Understanding how these areas compare with Montfort 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 Montfort 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 Montfort, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53569 | 1.20% | 1.42% | 1.51% | 1.55% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Montfort, Wisconsin
In Montfort, 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 Grant 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. In Montfort, 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 Montfort helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 53569 has the highest and lowest median tax bill at $2,316. Understanding these nuances can help you better manage your property tax obligations.
Average Montfort Assessed Value
$163,200
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 Montfort, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53569 | $53,300 | $90,900 | $163,200 | $245,400 | $345,300 |
Source: Ownwell
Property Tax Bills Across Montfort, Wisconsin
Property tax bills in Montfort, located in Grant County, WI, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. In Montfort, the median home price is $163,200. Homeowners in the 25th percentile can expect a tax bill around $1,365, while those in the 75th percentile may see bills up to $3,729. For properties in the 90th percentile, tax bills can reach as high as $5,331. The highest median tax bill in the area is $2,316, which is significantly higher than the national median property tax rate of 0.99%. These property tax bills directly impact homeowners by influencing their overall housing costs. Higher tax bills can affect affordability and the long-term financial planning of property owners. Understanding these factors is crucial for homeowners to effectively manage their expenses.
Average Montfort Tax Bill
$2,316
Average Grant County Tax Bill
$2,159
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Montfort, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53569 | $695 | $1,365 | $2,316 | $3,729 | $5,331 |
Source: Ownwell