Birnamwood, Wisconsin Property Taxes
The median property tax rate in Birnamwood, WI is 1.36%, which is higher than the national median of 0.99% but lower than Wisconsin's state median of 1.58%. With the median home value in Birnamwood, the typical annual property tax bill amounts to $1,943, which is below the national median of $2,690. Property taxes in Birnamwood are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Birnamwood'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 Birnamwood or another part of Marathon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Birnamwood, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$1,961
$1,820
Ownwell’s Birnamwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birnamwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birnamwood 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 Birnamwood, Wisconsin
Property taxes in Birnamwood, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birnamwood is 1.36%, significantly higher than the U.S. national median of 0.99%. Local government entities within Birnamwood set these rates annually, and they can vary across different neighborhoods. Each year, Birnamwood 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 Birnamwood's effective property tax rate to other areas in Marathon County and the national median. For comparison, the zip code 54414 has the same median property tax rate of 1.36%. Understanding how these areas compare with Birnamwood 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 Birnamwood Tax Rate
1.36%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birnamwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54414 | 1.16% | 1.29% | 1.36% | 1.42% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Birnamwood, Wisconsin
In Birnamwood, 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 Birnamwood, 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 Birnamwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1,943, found in the 54414 zip code.
Average Birnamwood Assessed Value
$144,178
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 Birnamwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54414 | $14,566 | $77,213 | $144,178 | $215,783 | $300,292 |
Source: Ownwell
Property Tax Bills Across Birnamwood, Wisconsin
In Birnamwood, 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 the local assessor, who evaluates the property's market value. This assessed value is then multiplied by the tax rate set by local taxing authorities to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Birnamwood typically see tax bills ranging from $1,033 at the 25th percentile to $4,149 at the 90th percentile, with the median home price being $144,178. Compared to the national median property tax rate of 0.99%, Birnamwood's tax rates can significantly impact homeowners, potentially increasing their annual expenses. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances accordingly. High property taxes can affect the affordability of homeownership, making it essential for residents to stay informed about local tax rates and assessments.
Average Birnamwood Tax Bill
$1,943
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Birnamwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54414 | $174 | $1,033 | $1,943 | $2,878 | $4,149 |
Source: Ownwell