Menominee County, Wisconsin Property Taxes
The median property tax rate in Menominee County is 1.75%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Menominee County at $171,400, the typical annual property tax bill reaches $3,186, which exceeds the national median of $2,690. Property taxes in Menominee County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Menominee County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Keshena or another part of Menominee County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Menominee County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$3,000
$2,783
Ownwell’s Menominee County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to effortlessly estimate their annual property taxes in Menominee County using just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Menominee County to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you are well-informed. For those interested in more localized trends, you can scroll down to explore detailed information at the city level. Your property's assessed value is determined by the county and considers any exemptions you may qualify for, offering a clear picture of your tax obligations.
Property Tax Rates Across Menominee County, Wisconsin
Property taxes in Menominee County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Menominee County is 1.75%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Menominee County set these rates annually, and they can vary significantly between different areas within the county. Each year, Menominee County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Keshena has one of the higher property tax rates in Wisconsin at 1.75%, while the city of Suring boasts one of the lowest at 1.55%. Analyzing how Menominee County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Menominee County Tax Rate
1.75%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Menominee County, Wisconsin
In Menominee County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Menominee County Appraisal District. The assessed value, however, 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. Assessment notices in Menominee County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, Gillett has the highest median tax bill at $7,901, while Suring has the lowest at $1,271. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Menominee County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Menominee County, Wisconsin
Source: Ownwell
$87,700
$270,550
$453,400
Average Menominee County Assessed Value
$171,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Bills Across Menominee County, Wisconsin
In Menominee County, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. Once the assessed value is established, the tax rate, set by local taxing authorities, is applied to calculate the property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, in Menominee County, the median home price is $171,400. Homeowners in this county experience a wide range of tax bills, with the 25th percentile paying around $300, while those in the 75th percentile can expect to pay up to $6,890. At the higher end, the 90th percentile tax bill reaches $8,947. The impact on homeowners varies significantly; for example, the highest median tax bill in Gillett is $7,901, whereas Suring has the lowest at $1,271. Understanding these factors helps homeowners anticipate their property tax obligations and plan accordingly.
Average Menominee County Tax Bill
$3,186
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690