Mindoro, Wisconsin Property Taxes
The median property tax rate in Mindoro, WI is 1.43%, 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 Mindoro at $131,400, the typical annual property tax bill reaches $1,877, which is below the national median of $2,690. Property taxes in Mindoro 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 Mindoro'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 Mindoro 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
Mindoro, 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 Mindoro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mindoro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mindoro 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 Mindoro, Wisconsin
Property taxes in Mindoro, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mindoro is 1.43%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Mindoro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mindoro 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 Mindoro's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54644 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Mindoro 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 Mindoro Tax Rate
1.43%
Average Jackson County Tax Rate
1.36%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mindoro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54644 | 1.20% | 1.26% | 1.43% | 1.52% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Mindoro, Wisconsin
In Mindoro, 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 Mindoro, 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 Mindoro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 54644, with a value of $1,877.
Average Mindoro Assessed Value
$131,400
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 Mindoro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54644 | $58,500 | $92,950 | $131,400 | $208,900 | $224,400 |
Source: Ownwell
Property Tax Bills Across Mindoro, Wisconsin
In Mindoro, 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 county assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the property's size, age, location, and any improvements made. External factors such as market trends and neighborhood amenities also play a role. For homeowners in Mindoro, the median home price stands at $131,400, with property tax bills ranging from the 25th percentile at $1,298 to the 90th percentile at $3,376. Compared to the national median property tax rate of 0.99%, Mindoro's rates can significantly impact homeowners' budgets. Higher property values or improvements can lead to increased tax bills, making it essential for homeowners to stay informed about their property's assessed value and any potential exemptions they may qualify for.
Average Mindoro Tax Bill
$1,877
Average Jackson County Tax Bill
$1,879
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Mindoro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54644 | $638 | $1,298 | $1,877 | $3,031 | $3,376 |
Source: Ownwell