Peshtigo, Wisconsin Property Taxes
The median property tax rate in Peshtigo, WI is 1.59%, slightly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Peshtigo, the typical annual property tax bill reaches $1,696, which is below the national median of $2,690. Property taxes in Peshtigo are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Peshtigo'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 Peshtigo 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
Peshtigo, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$1,596
$1,481
Ownwell’s Peshtigo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Peshtigo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Peshtigo 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 Peshtigo, Wisconsin
Property taxes in Peshtigo, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Peshtigo is 1.59%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Peshtigo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Peshtigo 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 Peshtigo's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54157 zip code has both the highest and lowest median property tax rate of 1.59%. Understanding how these cities compare with Peshtigo 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 Peshtigo Tax Rate
1.59%
Average Marinette County Tax Rate
1.37%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Peshtigo, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54157 | 1.24% | 1.38% | 1.59% | 1.79% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Peshtigo, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Peshtigo, 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 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 Peshtigo, 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 Peshtigo is $100,400, with tax bills ranging from $1,217 at the 25th percentile to $3,271 at the 90th percentile. Notably, the highest and lowest median tax bills, both at $1,696, are found in the 54157 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Peshtigo Assessed Value
$100,400
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 Peshtigo, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54157 | $23,080 | $67,100 | $100,400 | $139,900 | $195,300 |
Source: Ownwell
Property Tax Bills Across Peshtigo, Wisconsin
Property tax bills in Peshtigo, located in Marinette County, WI, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local government assessors and reflects a percentage of the property's market value. Factors such as property improvements, neighborhood trends, and market conditions can influence this assessed value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $100,400, homeowners in Peshtigo can expect varying tax bills. The 25th percentile tax bill is around $1,217, while the 75th percentile tax bill reaches approximately $2,387. At the 90th percentile, homeowners may see tax bills as high as $3,271. These figures highlight the range of property tax burdens residents might face, influenced by the assessed value and specific local tax rates. Compared to the national median property tax rate of 0.99%, Peshtigo's tax rates can significantly impact homeowners' annual expenses.
Average Peshtigo Tax Bill
$1,696
Average Marinette County Tax Bill
$1,289
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Peshtigo, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54157 | $731 | $1,217 | $1,696 | $2,387 | $3,271 |
Source: Ownwell