Briggsville, Wisconsin Property Taxes
The median property tax rate in Briggsville, WI is 1.37%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Briggsville at $115,900, the typical annual property tax bill reaches $1,610, exceeding the national median of $2,690. Property taxes in Briggsville 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 Briggsville'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 Briggsville or another part of Marquette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Briggsville, 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 Briggsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Briggsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Briggsville 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 Briggsville, Wisconsin
Property taxes in Briggsville, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Briggsville is 1.37%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Briggsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Briggsville 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 Briggsville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 53920 has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Briggsville provides valuable insights into the varying tax landscape across Marquette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Briggsville Tax Rate
1.37%
Average Marquette County Tax Rate
1.32%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Briggsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53920 | 1.06% | 1.35% | 1.37% | 1.40% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Briggsville, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Briggsville, 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 Marquette 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 Briggsville, 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 Briggsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1610 in zip code 53920, while the lowest is also $1610 in the same zip code.
Average Briggsville Assessed Value
$115,900
Average Marquette County Assessed Value
$127,100
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Briggsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53920 | $63,440 | $67,500 | $115,900 | $151,400 | $316,180 |
Source: Ownwell
Property Tax Bills Across Briggsville, Wisconsin
In Briggsville, located in Marquette 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, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Briggsville, the median home price is $115,900. Property tax bills in this area can vary significantly. At the 25th percentile, homeowners might pay around $913 annually, while those at the 75th percentile could see bills as high as $2,120. For the top 10% of property values, tax bills can escalate to approximately $4,365. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Briggsville's rates reflect the local economic conditions and community needs, impacting homeowners' annual financial planning and overall cost of living.
Average Briggsville Tax Bill
$1,610
Average Marquette County Tax Bill
$1,806
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Briggsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53920 | $705 | $913 | $1,610 | $2,120 | $4,365 |
Source: Ownwell