Woodman, Wisconsin Property Taxes
The median property tax rate in Woodman, WI is 1.13%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Woodman at $135,800, the typical annual property tax bill reaches $1,402, which exceeds the national median of $2,690. Property taxes in Woodman are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Woodman'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 Woodman or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Woodman, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,535
Ownwell’s Woodman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodman 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 Woodman, Wisconsin
Property taxes in Woodman, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodman is 1.13%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Woodman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodman 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 Woodman's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53827 zip code has the highest median property tax rate of 1.13%, while the 53827 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Woodman 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 Woodman Tax Rate
1.13%
Average Grant County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodman, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53827 | 0.68% | 0.93% | 1.13% | 1.21% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Woodman, Wisconsin
In Woodman, 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 local 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 Woodman, 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 Woodman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Grant County, the median home price is $135,800. The highest median tax bill in the area is $1402.00 in the 53827 zip code, which also has the lowest median tax bill.
Average Woodman Assessed Value
$135,800
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 Woodman, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53827 | $19,520 | $50,700 | $135,800 | $185,050 | $257,980 |
Source: Ownwell
Property Tax Bills Across Woodman, Wisconsin
In the city of Woodman, located in Grant County, WI, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local assessor's office and reflects the market value of the property. The tax rate is then applied to this assessed value to determine the annual tax bill. For instance, the median home price in Woodman is $135,800. Several factors influence the tax bill, including property size, location, and any improvements made to the property. Homeowners in Woodman can expect their property tax bills to vary significantly. For example, tax bills at the 25th percentile are around $441, whereas those at the 75th percentile reach $2,088. At the 90th percentile, tax bills can go up to $3,138. These property taxes are crucial as they fund local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners anticipate their annual expenses and manage their budgets effectively.
Average Woodman Tax Bill
$1,402
Average Grant County Tax Bill
$2,159
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodman, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53827 | $158 | $441 | $1,402 | $2,088 | $3,138 |
Source: Ownwell