Patch Grove, Wisconsin Property Taxes
The median property tax rate in Patch Grove, WI is 0.92%, slightly lower than the national median of 0.99% and significantly below the Wisconsin state median of 1.58%. With the median home value in Patch Grove at $48,150, the typical annual property tax bill is $509, which is much less than the national median of $2,690. Property taxes in Patch Grove are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Patch Grove's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Patch Grove or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Patch Grove, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$443
Ownwell’s Patch Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Patch Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Patch Grove 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 Patch Grove, Wisconsin
Property taxes in Patch Grove, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Patch Grove is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Patch Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Patch Grove 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 Patch Grove's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53817 zip code has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Patch Grove 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 Patch Grove Tax Rate
0.92%
Average Grant County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Patch Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53817 | 0.81% | 0.86% | 0.92% | 1.00% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Patch Grove, Wisconsin
In Patch Grove, 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 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 Patch Grove, 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. The median home price in Patch Grove is $48,150, with tax bills ranging from $252 at the 25th percentile to $797 at the 90th percentile. The highest and lowest median tax bills are both $509, found in zip code 53817. 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 Patch Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Patch Grove Assessed Value
$48,150
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 Patch Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53817 | $20,790 | $26,775 | $48,150 | $73,150 | $85,660 |
Source: Ownwell
Property Tax Bills Across Patch Grove, Wisconsin
Property tax bills in Patch Grove, WI, are determined based on the assessed value of a property and the local tax rate. The median home price in Patch Grove is $48,150, and the property tax rate is derived from the county's needs and budget requirements. Homeowners can expect their tax bill to vary significantly depending on the assessed value of their property. For instance, the 25th percentile tax bill is around $252, while the 75th percentile tax bill rises to approximately $752. The 90th percentile tax bill can go up to $797. Several factors influence the final tax bill, including the property's market value, any improvements made, and applicable exemptions. Compared to the national median property tax rate of 0.99%, Patch Grove's rates can be considered moderate, offering some relief to homeowners. However, the impact on homeowners can still be considerable, as the tax bill forms a significant part of annual homeownership costs. Understanding these factors can help homeowners anticipate and manage their property tax obligations better.
Average Patch Grove Tax Bill
$509
Average Grant County Tax Bill
$2,159
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Patch Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53817 | $180 | $252 | $509 | $752 | $797 |
Source: Ownwell