Rosholt, Wisconsin Property Taxes
The median property tax rate in Rosholt, WI is 1.35%, notably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $154,665, the typical annual property tax bill in Rosholt amounts to $2,105, which is below the national median of $2,690. Property taxes in Rosholt are calculated based on the tax assessed value, typically lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Rosholt'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 Rosholt or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rosholt, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,088
$1,938
Ownwell’s Rosholt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosholt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosholt 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 Rosholt, Wisconsin
Property taxes in Rosholt, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosholt is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Rosholt set these rates annually, and they can vary across different neighborhoods. Each year, Rosholt 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 Rosholt's effective property tax rate to other areas in Marathon County and the national median. For comparison, the zip code 54473 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these areas compare with Rosholt 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 Rosholt Tax Rate
1.35%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosholt, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54473 | 1.24% | 1.31% | 1.35% | 1.39% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Rosholt, Wisconsin
In Rosholt, 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 local authorities 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 Rosholt, 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 Rosholt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rosholt are both $2,105, located in the zip code 54473.
Average Rosholt Assessed Value
$154,665
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 Rosholt, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54473 | $16,372 | $77,210 | $154,665 | $222,698 | $286,741 |
Source: Ownwell
Property Tax Bills Across Rosholt, Wisconsin
In Rosholt, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Rosholt, the median home price is $154,665, and the property tax rate in Marathon County is reflective of this valuation. Factors that influence the tax bill include the property's location, size, and market conditions. For instance, the tax bill at the 25th percentile is $1,075, while at the 75th percentile, it rises to $2,977. At the 90th percentile, homeowners might pay up to $3,820. Comparatively, the national median property tax rate is 0.99%, making Rosholt's rates competitive in the broader context. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Homeowners should be aware of these factors as they significantly influence annual housing costs.
Average Rosholt Tax Bill
$2,105
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosholt, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54473 | $231 | $1,075 | $2,105 | $2,977 | $3,820 |
Source: Ownwell