Mosinee, Wisconsin Property Taxes
The median property tax rate in Mosinee, WI is 1.24%, 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 $176,572 in Mosinee, the typical annual property tax bill is $2,362, slightly below the national median of $2,690. Property taxes in Mosinee are determined based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Mosinee'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 Mosinee 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
Mosinee, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Mosinee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mosinee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mosinee 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 Mosinee, Wisconsin
Property taxes in Mosinee, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Mosinee is 1.24%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Mosinee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mosinee 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 Mosinee's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54455 zip code has the highest median property tax rate of 1.24%, while the 54455 zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Mosinee 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 Mosinee Tax Rate
1.24%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mosinee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54455 | 1.14% | 1.18% | 1.24% | 1.50% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Mosinee, Wisconsin
In Mosinee, 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 Mosinee, 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 Mosinee is $176,572, with the 25th percentile tax bill at $1,365 and the 75th percentile tax bill at $3,417. 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 Mosinee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mosinee Assessed Value
$176,572
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 Mosinee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54455 | $26,044 | $104,673 | $176,572 | $255,217 | $356,783 |
Source: Ownwell
Property Tax Bills Across Mosinee, Wisconsin
In Mosinee, located in Marathon County, WI, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the property. Homeowners in Mosinee see a range of tax bills, with the 25th percentile at $1,365 and the 75th percentile reaching $3,417. The highest median tax bill in the area is $2,362, found in the 54455 zip code. Several factors influence the final tax bill, including property size, location, and improvements. These taxes fund essential services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Mosinee homeowners experience a varied tax burden, depending on their property's assessed value. This variation can significantly impact homeowners' finances, making it crucial to understand how property taxes are determined and to explore potential exemptions or appeals if necessary.
Average Mosinee Tax Bill
$2,362
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Mosinee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54455 | $342 | $1,365 | $2,362 | $3,417 | $4,530 |
Source: Ownwell