Warrens, Wisconsin Property Taxes
The median property tax rate in Warrens, WI is 1.25%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $148,250 in Warrens, the typical annual property tax bill is $2,438, which is below the national median of $2,690. Property taxes in Warrens are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Warrens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Warrens 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
Warrens, 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 Warrens Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Warrens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warrens to provide an accurate property tax bill estimate. This valuable tool offers a clear understanding of potential tax liabilities, helping you make well-informed decisions. For those interested in more detailed insights, our trends page offers localized information down to the neighborhood level. Your property’s assessed value, determined by Monroe County, forms the basis for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Warrens, Wisconsin
Property taxes in Warrens, WI, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Warrens is 1.55%, significantly higher than the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Warrens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warrens 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 Warrens' effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54666 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Warrens 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 Warrens Tax Rate
1.25%
Average Monroe County Tax Rate
1.50%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warrens, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54666 | 1.06% | 1.16% | 1.25% | 2.39% | 2.61% |
Source: Ownwell
Property Tax Assessment Values Across Warrens, Wisconsin
In Warrens, 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 Warrens, 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 Warrens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 54666, with a median tax bill of $2438.
Average Warrens Assessed Value
$148,250
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 Warrens, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54666 | $53,080 | $101,400 | $148,250 | $217,675 | $298,700 |
Source: Ownwell
Property Tax Bills Across Warrens, Wisconsin
In Warrens, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property to estimate its market value. This assessed value is then multiplied by the property tax rate set by local taxing authorities, which include the county, school district, and other municipal entities. For homeowners in Warrens, the median home price is $148,250. Property tax bills can vary significantly; for instance, the 25th percentile tax bill is $1,437, while the 75th percentile reaches $3,245, and the 90th percentile can be as high as $4,215. These variations reflect differences in property values and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Warrens homeowners may experience higher or lower tax bills depending on the assessed value of their property. Understanding how these factors interplay can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Warrens Tax Bill
$2,438
Average Monroe County Tax Bill
$2,549
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Warrens, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54666 | $657 | $1,437 | $2,438 | $3,245 | $4,215 |
Source: Ownwell