Tisch Mills, Wisconsin Property Taxes
The median property tax rate in Tisch Mills, WI is 1.20%, 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 $124,168 in Tisch Mills, the typical annual property tax bill amounts to $1,555, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Tisch Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Tisch Mills or another part of Manitowoc County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tisch Mills, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,490
Ownwell’s Tisch Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tisch Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tisch Mills 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 Tisch Mills, Wisconsin
Property taxes in Tisch Mills, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tisch Mills is 1.20%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Tisch Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tisch Mills 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 Tisch Mills' effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54240 zip code has the highest median property tax rate of 1.20%, while the 54240 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Tisch Mills 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 Tisch Mills Tax Rate
1.20%
Average Manitowoc County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tisch Mills, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54240 | 1.12% | 1.18% | 1.20% | 1.28% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Tisch Mills, Wisconsin
In Tisch Mills, 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 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 Tisch Mills, 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 Tisch Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Tisch Mills are both $1555, found in the zip code 54240.
Average Tisch Mills Assessed Value
$124,168
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 Tisch Mills, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54240 | $73,076 | $88,794 | $124,168 | $139,200 | $145,878 |
Source: Ownwell
Property Tax Bills Across Tisch Mills, Wisconsin
In Tisch Mills, located in Manitowoc County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. 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 $124,168, homeowners can expect tax bills ranging from $1,038 at the 25th percentile to $1,755 at the 90th percentile. Several factors influence the tax bill, including the property's market value, improvements made to the property, and the overall tax rate set by local taxing authorities. Compared to the national median property tax rate of 0.99%, Tisch Mills homeowners experience a relatively moderate tax burden. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners by requiring them to budget for these annual expenses. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Tisch Mills Tax Bill
$1,555
Average Manitowoc County Tax Bill
$2,169
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Tisch Mills, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54240 | $854 | $1,038 | $1,555 | $1,682 | $1,755 |
Source: Ownwell