Gile, Wisconsin Property Taxes
The median property tax rate in Gile, WI is 1.74%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Gile at $51,000, the typical annual property tax bill reaches $913, still below the national median of $2,690. Property taxes in Gile are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gile'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 Gile 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
Gile, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$887
$823
Ownwell’s Gile Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gile with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gile 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 Gile, Wisconsin
Property taxes in GILE, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in GILE is 1.74%, notably higher than the U.S. national median of 0.99%. Local government entities within GILE set these rates annually, and they can vary significantly across different neighborhoods. Each year, GILE 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 GILE's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54525 zip code has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these areas compare with GILE provides valuable insights into the varying tax landscape across Iron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gile Tax Rate
1.74%
Average Iron County Tax Rate
1.39%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gile, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54525 | 1.74% | 1.74% | 1.74% | 1.74% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Gile, Wisconsin
In Gile, 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 Iron 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 Gile, 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 Gile helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Gile are both $913.00, found in the 54525 zip code.
Average Gile Assessed Value
$51,000
Average Iron County Assessed Value
$97,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gile, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54525 | $11,900 | $36,050 | $51,000 | $65,450 | $89,660 |
Source: Ownwell
Property Tax Bills Across Gile, Wisconsin
In Gile, Iron County, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Gile, the median home price is $51,000. Property tax bills can vary significantly, with the 25th percentile at $688 and the 75th percentile at $1,190. Even higher, the 90th percentile tax bill can reach up to $1,590. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Gile may find their tax bills relatively moderate or high, depending on their property's assessed value. These property taxes fund essential local services such as schools, public safety, and infrastructure. Therefore, while property taxes can be a significant expense, they contribute to the overall quality of life and community well-being in Gile.
Average Gile Tax Bill
$913
Average Iron County Tax Bill
$1,604
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Gile, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54525 | $473 | $688 | $913 | $1,190 | $1,590 |
Source: Ownwell