Abbotsford, Wisconsin Property Taxes
The median property tax rate in Abbotsford, WI is 1.52%, slightly lower than the Wisconsin state median of 1.58% but still higher than the national median of 0.99%. With a median home value of $91,085 in Abbotsford, the typical annual property tax bill amounts to $1,201, which is below the national median of $2,690. Property taxes in Abbotsford 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 Abbotsford'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 Abbotsford 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
Abbotsford, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$1,384
$1,285
Ownwell’s Abbotsford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abbotsford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abbotsford 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 Abbotsford, Wisconsin
Property taxes in Abbotsford, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abbotsford is 1.52%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Abbotsford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abbotsford 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 Abbotsford's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54405 zip code has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Abbotsford provides valuable insights into the varying tax landscape across Marathon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abbotsford Tax Rate
1.52%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abbotsford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54405 | 1.13% | 1.26% | 1.52% | 1.89% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Abbotsford, Wisconsin
In Abbotsford, 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 Marathon 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 Abbotsford, 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. The median home price in Abbotsford is $91,085, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $178, while the 75th percentile tax bill is $1,940. The highest median tax bill is $1,201 in the 54405 zip code, which is also the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Abbotsford Assessed Value
$91,085
Average Marathon County Assessed Value
$164,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abbotsford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54405 | $1,883 | $12,801 | $91,085 | $130,554 | $199,948 |
Source: Ownwell
Property Tax Bills Across Abbotsford, Wisconsin
In Abbotsford, Marathon County, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors who evaluate the market value of the property. This value is then multiplied by the tax rate set by local taxing authorities to determine the annual property tax bill. For homeowners in Abbotsford, the median home price is $91,085. Property tax bills can vary significantly, with the 25th percentile tax bill at $178 and the 75th percentile reaching $1,940. At the higher end, the 90th percentile tax bill can be as much as $2,790. These variations reflect differences in property values and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Abbotsford's rates may seem more favorable or less so, depending on individual property assessments and local fiscal policies. Understanding these factors is crucial for homeowners as they directly influence the affordability and financial planning associated with property ownership.
Average Abbotsford Tax Bill
$1,201
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Abbotsford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54405 | $37 | $178 | $1,201 | $1,940 | $2,790 |
Source: Ownwell