Coleman, Wisconsin Property Taxes
The median property tax rate in Coleman, WI is 1.20%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $171,950 in Coleman, the typical annual property tax bill reaches $2,028, surpassing the national median of $2,690. Property taxes in Coleman are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Coleman'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 Coleman or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coleman, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,063
Ownwell’s Coleman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coleman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coleman 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 Coleman, Wisconsin
Property taxes in Coleman, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coleman is 1.20%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Coleman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coleman 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 Coleman's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54112 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Coleman provides valuable insights into the varying tax landscape across Oconto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coleman Tax Rate
1.20%
Average Oconto County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coleman, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54112 | 0.96% | 1.08% | 1.20% | 1.25% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Coleman, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Coleman, Wisconsin. 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 local 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 Coleman, 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 Coleman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Coleman are both $2028, found in zip code 54112.
Average Coleman Assessed Value
$171,950
Average Oconto County Assessed Value
$159,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coleman, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54112 | $61,050 | $116,625 | $171,950 | $253,225 | $336,150 |
Source: Ownwell
Property Tax Bills Across Coleman, Wisconsin
In Coleman, located in Oconto County, WI, 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 annual tax bill. For instance, with a median home price of $171,950, the property tax rate influences how much homeowners will pay each year. Various factors contribute to the final tax bill, including the home's assessed value, applicable exemptions, and the specific tax rate set by local authorities. Homeowners in Coleman can expect a wide range of tax bills. At the 25th percentile, the tax bill is around $1,245, while at the 75th percentile, it can rise to $3,024. For those at the 90th percentile, the tax bill can reach up to $4,287. These taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Homeowners need to be aware of these factors as they can significantly affect their annual expenses and overall financial planning.
Average Coleman Tax Bill
$2,028
Average Oconto County Tax Bill
$2,049
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Coleman, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54112 | $632 | $1,245 | $2,028 | $3,024 | $4,287 |
Source: Ownwell