Humbird, Wisconsin Property Taxes
The median property tax rate in Humbird, WI is 1.50%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Humbird at $125,500, the typical annual property tax bill reaches $1,815, which is below the national median of $2,690. Property taxes in Humbird are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Humbird'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 Humbird 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
Humbird, 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 Humbird Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Humbird with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Humbird 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 Humbird, Wisconsin
Property taxes in Humbird, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Humbird is 1.50%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Humbird set these rates annually, and they can vary significantly across different neighborhoods. Each year, Humbird 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 Humbird's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54746 has both the highest and lowest median property tax rate of 1.50%. Understanding how these cities compare with Humbird 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 Humbird Tax Rate
1.50%
Average Jackson County Tax Rate
1.36%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Humbird, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54746 | 1.04% | 1.26% | 1.50% | 1.61% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Humbird, Wisconsin
In Humbird, 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 Humbird, 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 Humbird helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1815 in the 54746 zip code, while the lowest median tax bill also stands at $1815 in the same zip code.
Average Humbird Assessed Value
$125,500
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 Humbird, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54746 | $41,080 | $71,000 | $125,500 | $182,100 | $242,940 |
Source: Ownwell
Property Tax Bills Across Humbird, Wisconsin
In Humbird, located in Jackson County, WI, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by local assessors who evaluate the property's market value. Several factors influence this assessment, including the property's location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Humbird, the property tax rate can significantly impact their finances. The median home price in Humbird is $125,500, and property tax bills can vary widely. For instance, homeowners in the 25th percentile pay around $905 annually, while those in the 75th percentile see bills closer to $2,815. At the 90th percentile, property taxes can reach up to $3,918. Compared to the national median property tax rate of 0.99%, the rates in Humbird can be higher, affecting homeowners' overall financial planning and budget.
Average Humbird Tax Bill
$1,815
Average Jackson County Tax Bill
$1,879
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Humbird, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54746 | $554 | $905 | $1,815 | $2,815 | $3,918 |
Source: Ownwell