Marquette, Wisconsin Property Taxes
The median property tax rate in Marquette, WI is 1.45%, notably higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With a median home value of $148,900 in Marquette, the typical annual property tax bill amounts to $2,165, which is lower than the national median of $2,690. Property taxes in Marquette are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Marquette's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Marquette 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
Marquette, 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 Marquette Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marquette with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marquette 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 Marquette, Wisconsin
Property taxes in Marquette, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marquette is 1.45%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Marquette set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marquette 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 Marquette's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53947 zip code has both the highest and lowest median property tax rate of 1.45%. Understanding how these cities compare with Marquette provides valuable insights into the varying tax landscape across Green Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marquette Tax Rate
1.45%
Average Green Lake County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marquette, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53947 | 1.41% | 1.42% | 1.45% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Marquette, Wisconsin
In Marquette, 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 Green Lake 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 Marquette, 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. For example, the median home price in the area is $148,900, with tax bills ranging from $1,259 at the 25th percentile to $4,618 at the 90th percentile. The highest and lowest median tax bills are both $2,165, found in the zip code 53947. 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 Marquette helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marquette Assessed Value
$148,900
Average Green Lake County Assessed Value
$141,945
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marquette, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53947 | $71,296 | $88,595 | $148,900 | $313,858 | $313,858 |
Source: Ownwell
Property Tax Bills Across Marquette, Wisconsin
In Marquette, located in Green Lake County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Marquette is $148,900. Property taxes here are influenced by several key factors, including the assessed value of the property, the local tax rate, and any applicable exemptions or deductions. Homeowners in Marquette can expect property tax bills to vary significantly. For example, the tax bill at the 25th percentile is $1,259, while at the 75th percentile, it rises to $4,533. The tax bill at the 90th percentile is $4,618, demonstrating a wide range in potential tax liabilities. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Marquette's property tax bills reflect the unique economic and administrative factors of the region, significantly affecting the financial responsibilities of local homeowners.
Average Marquette Tax Bill
$2,165
Average Green Lake County Tax Bill
$2,317
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Marquette, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53947 | $1,132 | $1,259 | $2,165 | $4,533 | $4,618 |
Source: Ownwell