Wittenberg, Wisconsin Property Taxes
The median property tax rate in Wittenberg, WI is 1.40%, significantly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $106,619 in Wittenberg, the typical annual property tax bill amounts to $1,492, which is below the national median of $2,690. Property taxes in Wittenberg are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Wittenberg'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 Wittenberg or another part of Marathon County, familiarizing yourself with the local property tax system can benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wittenberg, 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 Wittenberg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wittenberg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wittenberg 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 Wittenberg, Wisconsin
Property taxes in Wittenberg, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wittenberg is 1.40%, significantly higher than both the Wisconsin state median of 1.50% and the U.S. national median of 0.99%. Local government entities within Wittenberg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wittenberg 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 Wittenberg's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54499 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Wittenberg provides valuable insights into the varying tax landscape across Shawano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wittenberg Tax Rate
1.40%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wittenberg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54499 | 1.15% | 1.35% | 1.40% | 1.44% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Wittenberg, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wittenberg, Wisconsin. 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 Wittenberg, 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 Wittenberg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, in the 54499 zip code, the median tax bill stands at $1,492, highlighting the importance of understanding these valuations to manage property taxes effectively.
Average Wittenberg Assessed Value
$106,619
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 Wittenberg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54499 | $1,944 | $39,940 | $106,619 | $168,004 | $232,093 |
Source: Ownwell
Property Tax Bills Across Wittenberg, Wisconsin
In Wittenberg, 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 and represents a percentage of the property's market value. Homeowners in Marathon County can expect a median property tax bill of $1,492, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For example, homes in the 25th percentile have tax bills around $493, while those in the 75th percentile see bills closer to $2,404. The highest tax bills, such as those in the 90th percentile, can reach up to $3,319. These property taxes fund essential local services such as schools, public safety, and infrastructure. Therefore, understanding how property taxes are calculated and their impact on homeowners is crucial for anyone owning or considering purchasing property in Wittenberg.
Average Wittenberg Tax Bill
$1,492
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Wittenberg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54499 | $28 | $493 | $1,492 | $2,404 | $3,319 |
Source: Ownwell