Kronenwetter, Wisconsin Property Taxes
The median property tax rate in Kronenwetter, WI, is 1.57%, slightly lower than the state median of 1.58% but significantly higher than the national median of 0.99%. With a median home value of $223,492, the typical annual property tax bill in Kronenwetter reaches $3,446, surpassing 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 like those for primary residences and agricultural properties. Understanding Kronenwetter's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kronenwetter or another part of Marathon County, a deep understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kronenwetter, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$3,509
Ownwell’s Kronenwetter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kronenwetter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kronenwetter 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 Kronenwetter, Wisconsin
Property taxes in Kronenwetter, Wisconsin, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kronenwetter is 1.57%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kronenwetter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kronenwetter 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 Kronenwetter's effective property tax rate to other areas in Marathon County and the national median. For comparison, the zip code 54455 has the highest median property tax rate of 1.57%, while the lowest median tax rate is also 1.57% in the same zip code. Understanding how these areas compare with Kronenwetter 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 Kronenwetter Tax Rate
1.57%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kronenwetter, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54455 | 1.35% | 1.45% | 1.57% | 1.59% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Kronenwetter, Wisconsin
In Kronenwetter, 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 Kronenwetter, 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 the area is $3,446 in the 54455 zip code. Being aware of these valuation processes in Kronenwetter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kronenwetter Assessed Value
$223,492
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 Kronenwetter, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54455 | $147,970 | $183,048 | $223,492 | $275,005 | $341,890 |
Source: Ownwell
Property Tax Bills Across Kronenwetter, Wisconsin
In Kronenwetter, located in Marathon County, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Kronenwetter face varying tax bills depending on the value of their property. For instance, the 25th percentile tax bill is around $2,774, while the 75th percentile tax bill reaches approximately $4,300. Those in the 90th percentile can expect a tax bill of about $5,273. The median home price in the area is $223,492, which, when combined with the local tax rate, influences the overall tax burden. Compared to the national median property tax rate of 0.99%, Kronenwetter's tax rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors helps homeowners anticipate their annual expenses and budget accordingly.
Average Kronenwetter Tax Bill
$3,446
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Kronenwetter, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54455 | $2,147 | $2,774 | $3,446 | $4,300 | $5,273 |
Source: Ownwell