Amberg, Wisconsin Property Taxes
The median property tax rate in Amberg, WI is 1.25%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Amberg at $63,700, the typical annual property tax bill amounts to $834, which is below the national median of $2,690. Property taxes in Amberg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Amberg'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 Amberg or another part of Marinette County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amberg, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$796
$739
Ownwell’s Amberg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amberg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amberg 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 Amberg, Wisconsin
Property taxes in Amberg, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Amberg is 1.25%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Amberg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amberg 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 Amberg's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54102 has the highest median property tax rate of 1.25%, while the same zip code 54102 has the lowest median tax rate of 1.25%. Understanding how these cities compare with Amberg provides valuable insights into the varying tax landscape across Marinette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amberg Tax Rate
1.25%
Average Marinette County Tax Rate
1.37%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amberg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54102 | 0.97% | 1.16% | 1.25% | 1.30% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Amberg, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Amberg, WI. 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 Marinette 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 Amberg, 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. In Amberg, the median home price is $63,700, with tax bills ranging from $442 at the 25th percentile to $1,963 at the 90th percentile. The highest and lowest median tax bill is $834 in the 54102 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 Amberg Assessed Value
$63,700
Average Marinette County Assessed Value
$79,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amberg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54102 | $17,360 | $33,350 | $63,700 | $104,200 | $148,880 |
Source: Ownwell
Property Tax Bills Across Amberg, Wisconsin
In Amberg, Marinette County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value represents the estimated market value of the property. The property tax rate in Amberg is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $63,700, homeowners can expect to pay a median tax bill of $834, which aligns with the zip code 54102. Several factors influence the tax bill, including the property's location, its assessed value, and the local tax rate. Homeowners in the 25th percentile might see tax bills around $442, while those in the 75th percentile could face bills as high as $1,363. The 90th percentile tax bill can reach up to $1,963. Compared to the national median property tax rate of 0.99%, the property tax situation in Amberg is relatively moderate, offering a balanced approach for homeowners.
Average Amberg Tax Bill
$834
Average Marinette County Tax Bill
$1,289
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Amberg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54102 | $248 | $442 | $834 | $1,363 | $1,963 |
Source: Ownwell