Gleason, Wisconsin Property Taxes
The median property tax rate in Gleason, WI is 1.02%, slightly above the national median of 0.99% but lower than Wisconsin's state median of 1.58%. With a median home value of $173,700 in Gleason, the typical annual property tax bill is approximately $1,796, which is below the national median of $2,690. Property taxes in Gleason are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Navigating Gleason's property tax system, exploring available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether you're residing in the heart of Gleason or in other parts of Lincoln County, understanding the local property tax structure is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Gleason, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,772
$1,644
Ownwell’s Gleason Property Tax Bill Calculator offers a convenient way for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Gleason with just two data points. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Gleason to provide an accurate estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities effectively. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Gleason, Wisconsin
Property taxes in Gleason, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gleason is 1.02%, higher than the U.S. national median of 0.99%. Local government entities within Gleason set these rates annually, and they can vary across different neighborhoods. Each year, Gleason 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 Gleason's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54435 zip code has both the highest and lowest median property tax rate of 1.02%. Understanding how these areas compare with Gleason provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gleason Tax Rate
1.02%
Average Lincoln County Tax Rate
1.15%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gleason, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54435 | 0.88% | 0.95% | 1.02% | 1.07% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Gleason, Wisconsin
In Gleason, 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 Lincoln 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 Gleason, 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 Gleason helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest and lowest median tax bills in Gleason are both $1796, found in the 54435 zip code.
Average Gleason Assessed Value
$173,700
Average Lincoln County Assessed Value
$156,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gleason, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54435 | $77,440 | $118,575 | $173,700 | $262,275 | $340,190 |
Source: Ownwell
Property Tax Bills Across Gleason, Wisconsin
In Gleason, located in Lincoln County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Gleason is $173,700, which serves as a basis for determining the tax bill. Homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied by the local authorities. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For example, tax bills in the 25th percentile are around $1,153, while those in the 75th percentile can reach up to $2,746. The 90th percentile sees even higher tax bills, averaging $3,645. These figures highlight the range of potential tax burdens for homeowners in Gleason. Understanding these factors is crucial for homeowners as it directly impacts their annual financial obligations. Compared to the national median property tax rate of 0.99%, Gleason's tax rates reflect the local economic and administrative conditions, affecting how much residents ultimately pay.
Average Gleason Tax Bill
$1,796
Average Lincoln County Tax Bill
$2,035
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Gleason, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54435 | $734 | $1,153 | $1,796 | $2,746 | $3,645 |
Source: Ownwell