Ettrick, Wisconsin Property Taxes
The median property tax rate in Ettrick, WI is 1.47%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Ettrick at $116,500, the typical annual property tax bill reaches $1,560, falling below the national median of $2,690. Property taxes in Ettrick are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ettrick'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 Ettrick 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
Ettrick, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$1,713
$1,589
Ownwell’s Ettrick Property Tax Bill Calculator offers a simple and efficient way for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Ettrick using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ettrick to provide an estimated property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Jackson County, is used for property tax calculations and includes any applicable exemptions, ensuring a precise estimate tailored to your property.
Property Tax Rates Across Ettrick, Wisconsin
Property taxes in Ettrick, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ettrick is 1.47%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Ettrick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ettrick 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 Ettrick's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54627 zip code has the highest median property tax rate of 1.47%, while the same 54627 zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Ettrick provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ettrick Tax Rate
1.47%
Average Jackson County Tax Rate
1.36%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ettrick, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54627 | 1.00% | 1.28% | 1.47% | 1.59% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Ettrick, Wisconsin
In Ettrick, 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 Jackson 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 Ettrick, 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, in Ettrick, the median home price is $116,500, with property tax bills ranging from $985 at the 25th percentile to $3,850 at the 90th percentile. The zip code 54627 has the highest and lowest median tax bill of $1,560. 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 Ettrick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ettrick Assessed Value
$116,500
Average Jackson County Assessed Value
$129,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ettrick, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54627 | $39,000 | $70,600 | $116,500 | $196,300 | $243,800 |
Source: Ownwell
Property Tax Bills Across Ettrick, Wisconsin
In Ettrick, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Ettrick is $116,500, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Ettrick can expect to pay varying amounts in property taxes, with the 25th percentile tax bill around $985 and the 75th percentile reaching up to $2,828. For those at the 90th percentile, the tax bill can be as high as $3,850. Compared to the national median property tax rate of 0.99%, Ettrick's property tax bills reflect the local economic conditions and property values. These taxes significantly impact homeowners by affecting their monthly mortgage payments and overall financial planning. Understanding how these factors interplay helps homeowners anticipate their financial obligations and manage their budgets effectively.
Average Ettrick Tax Bill
$1,560
Average Jackson County Tax Bill
$1,879
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Ettrick, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54627 | $607 | $985 | $1,560 | $2,828 | $3,850 |
Source: Ownwell