Casco, Wisconsin Property Taxes
The median property tax rate in Casco, WI is 1.35%, which is significantly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Casco at $193,800, the typical annual property tax bill amounts to $2,578, falling just below the national median of $2,690. Property taxes in Casco are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Casco'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 Casco or another part of Kewaunee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Casco, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,616
$2,428
Ownwell’s CASCO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CASCO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CASCO 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 Casco, Wisconsin
Property taxes in Casco, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Casco is 1.35%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Casco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Casco 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 Casco's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54205 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Casco provides valuable insights into the varying tax landscape across Kewaunee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Casco Tax Rate
1.35%
Average Kewaunee County Tax Rate
1.45%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Casco, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54205 | 1.20% | 1.28% | 1.35% | 1.44% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Casco, Wisconsin
In Casco, 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 Kewaunee County Assessor 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 Casco, 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 Casco helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Casco are both $2,578, found in the zip code 54205.
Average Casco Assessed Value
$193,800
Average Kewaunee County Assessed Value
$180,100
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Casco, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54205 | $99,850 | $129,900 | $193,800 | $264,475 | $349,200 |
Source: Ownwell
Property Tax Bills Across Casco, Wisconsin
In Casco, WI, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor’s office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $193,800 in Casco, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Factors influencing the tax bill include property characteristics like size, location, and improvements. Market trends and local budget requirements also play a role. The tax bill can range significantly; the 25th percentile tax bill is around $1,784, while the 75th percentile reaches $3,599, and the 90th percentile can go up to $4,879. These figures highlight the variability in property taxes within Casco, affecting homeowners differently based on their property’s assessed value. Compared to the national median property tax rate of 0.99%, Casco’s tax rates reflect the local economic and budgetary demands, impacting homeowners' financial planning and overall cost of living.
Average Casco Tax Bill
$2,578
Average Kewaunee County Tax Bill
$2,834
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Casco, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54205 | $1,276 | $1,784 | $2,578 | $3,599 | $4,879 |
Source: Ownwell