Chilton, Wisconsin Property Taxes
The median property tax rate in Chilton, WI is 1.31%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $181,303, the typical annual property tax bill in Chilton reaches $2,364, slightly below the national median of $2,690. Property taxes in Chilton are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Chilton'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 Chilton 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
Chilton, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,375
Ownwell’s Chilton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chilton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chilton 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 Chilton, Wisconsin
Property taxes in Chilton, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chilton is 1.31%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Chilton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chilton 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 Chilton's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53014 zip code has both the highest and lowest median property tax rate of 1.31%. Understanding how these areas compare with Chilton provides valuable insights into the varying tax landscape across Manitowoc County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chilton Tax Rate
1.31%
Average Manitowoc County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chilton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53014 | 1.06% | 1.23% | 1.31% | 1.35% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Chilton, Wisconsin
In Chilton, 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 Manitowoc 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 Chilton, 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 Chilton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $2,364 in zip code 53014.
Average Chilton Assessed Value
$181,303
Average Manitowoc County Assessed Value
$151,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chilton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53014 | $44,948 | $136,513 | $181,303 | $267,900 | $343,093 |
Source: Ownwell
Property Tax Bills Across Chilton, Wisconsin
In Chilton, 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 city's tax assessor and reflects the market value of the property. Factors such as the property's size, location, and condition are considered in this assessment. For instance, the median home price in Chilton is $181,303. Homeowners in Chilton can expect varying tax bills depending on their property's assessed value. At the 25th percentile, the tax bill is around $1,666, while at the 75th percentile, it rises to approximately $3,567. Those in the 90th percentile face tax bills as high as $4,563. These figures illustrate the range of tax burdens that homeowners may encounter. Compared to the national median property tax rate of 0.99%, Chilton's rates can significantly impact homeowners, influencing decisions on property purchases and budgeting. Understanding these factors helps homeowners anticipate their annual tax responsibilities and plan accordingly.
Average Chilton Tax Bill
$2,364
Average Manitowoc County Tax Bill
$2,169
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Chilton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53014 | $483 | $1,666 | $2,364 | $3,567 | $4,563 |
Source: Ownwell