Hatley, Wisconsin Property Taxes
The median property tax rate in Hatley, WI is 1.33%, considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Hatley, the typical annual property tax bill reaches $2,139, which is below the national median of $2,690. Property taxes in Hatley are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hatley’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 Hatley 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
Hatley, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$2,165
Ownwell’s Hatley Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Hatley with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Hatley to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is determined by Marathon County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Hatley, Wisconsin
Property taxes in Hatley, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hatley is 1.33%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Hatley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hatley 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 Hatley's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54440 zip code has both the highest and lowest median property tax rate of 1.33%. Understanding how these cities compare with Hatley 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 Hatley Tax Rate
1.33%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hatley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54440 | 1.14% | 1.25% | 1.33% | 1.46% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Hatley, Wisconsin
In Hatley, 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 Hatley, 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. For instance, the highest median tax bill in Hatley is $2139 in zip code 54440, while the lowest median tax bill is also $2139 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hatley Assessed Value
$162,788
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 Hatley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54440 | $16,856 | $85,346 | $162,788 | $221,478 | $288,365 |
Source: Ownwell
Property Tax Bills Across Hatley, Wisconsin
In Hatley, Marathon County, WI, 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 local assessor's office, which evaluates the property's market value and then applies an assessment ratio to arrive at the assessed value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the tax bill, including changes in the property's market value, local government budgets, and voter-approved levies for public services like schools and infrastructure. For homeowners in Hatley, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $1,129, while the 75th percentile reaches $2,981, and the 90th percentile peaks at $3,889. These property taxes directly impact homeowners by contributing to the funding of essential community services but also represent a significant annual expense. With a median home price of $162,788, the property tax rate in Hatley can be a crucial factor for potential buyers and current homeowners when budgeting for their yearly expenses.
Average Hatley Tax Bill
$2,139
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hatley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54440 | $257 | $1,129 | $2,139 | $2,981 | $3,889 |
Source: Ownwell