Merrillan, Jackson County, Wisconsin Property Taxes
The median property tax rate in Merrillan, WI is 1.26%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Merrillan at $110,400, the typical annual property tax bill reaches $1,390, still below the national median of $2,690. Property taxes in Merrillan 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 Merrillan'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 Merrillan or another part of Jackson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Merrillan, Jackson County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,391
$1,291
Ownwell’s Merrillan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Merrillan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Merrillan 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 Merrillan, Jackson County, Wisconsin
Property taxes in Merrillan, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Merrillan is 1.26%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Merrillan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Merrillan 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 Merrillan's effective property tax rate to other regions in Wisconsin and the national median. For comparison, the zip code 54754 has both the highest and lowest median property tax rate of 1.26%. Understanding how these areas compare with Merrillan 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 Merrillan Tax Rate
1.26%
Average Jackson County Tax Rate
1.36%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Merrillan, Jackson County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54754 | 0.93% | 1.10% | 1.26% | 1.36% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Merrillan, Jackson County, Wisconsin
In Merrillan, 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 Merrillan, 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 Merrillan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54754 has the highest and lowest median tax bill of $1,390, while the median home price is $110,400.
Property Tax Assessment Values Across Merrillan, Jackson County, Wisconsin
Source: Ownwell
$68,200
$118,900
$169,600
Average Merrillan Assessed Value
$110,400
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 Merrillan, Jackson County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54754 | $36,280 | $64,700 | $110,400 | $181,100 | $268,540 |
Source: Ownwell
Property Tax Bills Across Merrillan, Jackson County, Wisconsin
In Merrillan, located in Jackson County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor, who evaluates the property to estimate its market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $110,400, homeowners can expect varying tax bills depending on their property's assessed value. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Merrillan might see tax bills ranging from the 25th percentile at $782 to the 75th percentile at $2,306, with the 90th percentile reaching up to $3,474. These figures illustrate the potential variability in tax obligations. Compared to the national median property tax rate of 0.99%, Merrillan's property taxes can significantly impact homeowners, affecting their annual budgeting and financial planning. Understanding these aspects helps homeowners anticipate their tax liabilities and manage their finances effectively.
Average Merrillan Tax Bill
$1,390
Average Jackson County Tax Bill
$1,879
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Merrillan, Jackson County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54754 | $409 | $782 | $1,390 | $2,306 | $3,474 |
Source: Ownwell