Wautoma, Wisconsin Property Taxes
The median property tax rate in Wautoma, WI is 1.30%, which is significantly higher than the national median of 0.99%, yet lower than the Wisconsin state median of 1.58%. With a median home value in Wautoma of $440,900, the typical annual property tax bill reaches $5,651, far exceeding the national median of $2,690. Property taxes in Wautoma are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Wautoma'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 Wautoma or another part of Marquette County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wautoma, 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 Wautoma Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wautoma with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Wautoma to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Wautoma, Wisconsin
Property taxes in Wautoma, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wautoma is 1.30%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Wautoma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wautoma 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 Wautoma's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54982 zip code has the highest median property tax rate of 1.30%, while the same 54982 zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Wautoma 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 Wautoma Tax Rate
1.30%
Average Marquette County Tax Rate
1.32%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wautoma, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54982 | 1.29% | 1.29% | 1.30% | 1.30% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Wautoma, Wisconsin
In Wautoma, 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 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 Wautoma, 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. For instance, the median home price in Wautoma is $440,900, with annual tax bills ranging from $4,299 at the 25th percentile to $8,479 at the 90th percentile. Notably, the zip code 54982 has both the highest and lowest median tax bill at $5,651. 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 Wautoma Assessed Value
$440,900
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 Wautoma, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54982 | $230,760 | $332,200 | $440,900 | $513,275 | $652,080 |
Source: Ownwell
Property Tax Bills Across Wautoma, Wisconsin
In Wautoma, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, the median home price in Wautoma is $440,900, and the tax bill can vary significantly. Homeowners at the 25th percentile can expect to pay around $4,299, while those at the 75th percentile may see bills as high as $6,666. At the 90th percentile, the tax bill can soar to $8,479. Comparatively, the national median property tax rate is 0.99%, impacting how much homeowners in Wautoma pay relative to other regions. High property taxes can affect homeowners by increasing their annual expenses, making it crucial for them to understand the assessed value and tax rate. This knowledge helps homeowners anticipate their financial obligations and plan accordingly.
Average Wautoma Tax Bill
$5,651
Average Marquette County Tax Bill
$1,806
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Wautoma, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54982 | $3,043 | $4,299 | $5,651 | $6,666 | $8,479 |
Source: Ownwell