Cashton, Wisconsin Property Taxes
The median property tax rate in Cashton, WI is 1.62%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Cashton at $142,800, the typical annual property tax bill reaches $2,313, which is below the national median of $2,690. Property taxes in Cashton 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 Cashton'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 Cashton or another part of Monroe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cashton, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$2,313
$2,147
Ownwell’s Cashton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cashton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cashton 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 Monroe County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cashton, Wisconsin
Property taxes in Cashton, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cashton is 1.62%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Cashton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cashton 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 Cashton's effective property tax rate to other counties in Wisconsin and the national median. For comparison, Cashton itself has the highest median property tax rate of 1.62%, while also having the lowest median tax rate of 1.62%. Understanding how these cities compare with Cashton provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cashton Tax Rate
1.62%
Average Monroe County Tax Rate
1.50%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cashton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54619 | 1.34% | 1.52% | 1.62% | 1.71% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Cashton, Wisconsin
In Cashton, 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 Monroe 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 Cashton, 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 Cashton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $142,800, and the median tax bills range from $1,497 at the 25th percentile to $4,862 at the 90th percentile, with the highest and lowest median tax bills both at $2,313 in the 54619 zip code.
Average Cashton Assessed Value
$142,800
Average Monroe County Assessed Value
$170,300
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cashton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54619 | $53,860 | $91,100 | $142,800 | $231,350 | $305,020 |
Source: Ownwell
Property Tax Bills Across Cashton, Wisconsin
In Cashton, located in Monroe 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 tax assessor and represents a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including property size, location, and market trends. For instance, the median home price in Cashton is $142,800. Homeowners in the 25th percentile pay around $1,497 annually, while those in the 75th percentile face tax bills of approximately $3,739. At the 90th percentile, tax bills can go up to $4,862. These property taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Cashton's property tax rate can significantly impact homeowners, making it crucial for them to understand how their tax bills are determined and managed.
Average Cashton Tax Bill
$2,313
Average Monroe County Tax Bill
$2,549
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cashton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54619 | $843 | $1,497 | $2,313 | $3,739 | $4,862 |
Source: Ownwell