Keshena, Wisconsin Property Taxes
The median property tax rate in Keshena, WI 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 Keshena, the typical annual property tax bill reaches $3,401, surpassing the national median of $2,690. Property taxes in Keshena 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 Keshena'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 Keshena or another part of Menominee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Keshena, 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 Keshena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keshena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keshena 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 Keshena, Wisconsin
Property taxes in Keshena, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keshena is 1.75%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Keshena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keshena 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 Keshena's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54135 zip code has the highest median property tax rate of 1.75%, while the same zip code also has the lowest median tax rate of 1.75%. Understanding how these cities compare with Keshena provides valuable insights into the varying tax landscape across Menominee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keshena Tax Rate
1.75%
Average Menominee County Tax Rate
1.75%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keshena, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54135 | 1.68% | 1.74% | 1.75% | 2.64% | 3.56% |
Source: Ownwell
Property Tax Assessment Values Across Keshena, Wisconsin
In Keshena, 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 Menominee 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 Keshena, 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 Keshena 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 $3401 in zip code 54135, while the lowest is also $3401 in the same zip code.
Average Keshena Assessed Value
$189,200
Average Menominee County Assessed Value
$171,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keshena, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54135 | $8,200 | $8,900 | $189,200 | $395,500 | $510,180 |
Source: Ownwell
Property Tax Bills Across Keshena, Wisconsin
In Keshena, 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 Menominee County assessor's office, which evaluates the property's market value and applies an assessment ratio. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Keshena, the median home price is $189,200. Property tax bills can vary significantly, with the 25th percentile tax bill at $300 and the 75th percentile reaching $6,862. The 90th percentile tax bill can be as high as $8,886. These property taxes fund essential services such as schools, public safety, and infrastructure. For homeowners, understanding how these factors interact is crucial, as property taxes represent a significant portion of homeownership costs. Compared to the national median property tax rate of 0.99%, Keshena's property taxes can be quite variable, impacting homeowners differently based on their property's assessed value.
Average Keshena Tax Bill
$3,401
Average Menominee County Tax Bill
$3,186
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Keshena, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54135 | $286 | $300 | $3,401 | $6,862 | $8,886 |
Source: Ownwell