Dunbar, Wisconsin Property Taxes
The median property tax rate in Dunbar, WI is 1.52%, slightly lower than the Wisconsin state median of 1.58% but still significantly higher than the national median of 0.99%. With the median home value in Dunbar at $65,000, the typical annual property tax bill reaches $1,006, which is below the national median of $2,690. Property taxes in Dunbar are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Dunbar'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 Dunbar or another part of Marinette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dunbar, 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 Dunbar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunbar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunbar 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 Dunbar, Wisconsin
Property taxes in Dunbar, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunbar is 1.52%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Dunbar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunbar 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 Dunbar's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54119 zip code has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Dunbar 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 Dunbar Tax Rate
1.52%
Average Marinette County Tax Rate
1.37%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dunbar, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54119 | 1.12% | 1.34% | 1.52% | 1.61% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Dunbar, Wisconsin
In Dunbar, 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 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 Dunbar, 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 Dunbar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dunbar is $65,000, with tax bills ranging from $503 at the 25th percentile to $2,537 at the 90th percentile. The highest and lowest median tax bill in the area is $1,006, both found in zip code 54119.
Average Dunbar Assessed Value
$65,000
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 Dunbar, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54119 | $16,200 | $32,275 | $65,000 | $101,575 | $154,700 |
Source: Ownwell
Property Tax Bills Across Dunbar, Wisconsin
In Dunbar, located in Marinette County, WI, 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 and is meant to reflect the market value of the property. Homeowners in Dunbar can expect property tax bills to vary significantly, with the 25th percentile tax bill at $503 and the 75th percentile at $1,634. The 90th percentile tax bill reaches up to $2,537, indicating a broad range of tax burdens depending on property values and local levies. The median home price in Dunbar is $65,000, which is relatively low compared to national figures. This lower market value contributes to more manageable tax bills for many residents. However, the tax rate can still have a significant impact on homeowners' finances. With the national median property tax rate at 0.99%, Dunbar's tax bills reflect both the assessed home values and the specific tax rates set by local authorities. This system ensures that property taxes are proportionate to the value of the property, providing essential funding for community services while considering homeowners' ability to pay.
Average Dunbar Tax Bill
$1,006
Average Marinette County Tax Bill
$1,289
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunbar, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54119 | $278 | $503 | $1,006 | $1,634 | $2,537 |
Source: Ownwell