Taylor, Wisconsin Property Taxes
The median property tax rate in Taylor, WI is 1.43%, significantly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $106,500 in Taylor, the typical annual property tax bill reaches $1,511, which is below the national median of $2,690. Property taxes in Taylor are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Taylor's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Taylor 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
Taylor, 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 TAYLOR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TAYLOR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TAYLOR 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 Taylor, Wisconsin
Property taxes in Taylor, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Taylor is 1.43%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Taylor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taylor 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 Taylor's effective property tax rate to other regions in Wisconsin and the national median. For comparison, the zip code 54659 has both the highest and lowest median property tax rate of 1.43%, indicating uniformity in this area. Understanding how these regions compare with Taylor 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 Taylor 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 Taylor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54659 | 1.07% | 1.28% | 1.43% | 1.54% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Taylor, Wisconsin
In Taylor, 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 Taylor, 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 Taylor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54659 in Taylor has the highest and lowest median tax bill at $1,511.
Average Taylor Assessed Value
$106,500
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 Taylor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54659 | $37,720 | $68,575 | $106,500 | $168,775 | $233,250 |
Source: Ownwell
Property Tax Bills Across Taylor, Wisconsin
In Taylor, located in Jackson County, WI, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $106,500, homeowners can expect various tax bills depending on their property's assessed value and applicable exemptions. Factors such as property location, improvements, and market conditions influence the assessed value. Homeowners in Taylor may see tax bills ranging from the 25th percentile at $914 to the 75th percentile at $2,354, with the 90th percentile reaching up to $3,496. The highest median tax bill in the area is $1,511. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate and manage their property tax obligations effectively.
Average Taylor Tax Bill
$1,511
Average Jackson County Tax Bill
$1,879
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Taylor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54659 | $504 | $914 | $1,511 | $2,354 | $3,496 |
Source: Ownwell