Pound, Wisconsin Property Taxes
The median property tax rate in Pound, WI is 1.24%, which is significantly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $170,800 in Pound, the typical annual property tax bill amounts to $2,083, falling short of the national median of $2,690. Property taxes in Pound are determined based on the assessed value, which is generally lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Navigating Pound's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial yearly savings. Whether you're in the heart of Pound or another part of Oconto County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pound, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$2,118
$1,965
Ownwell’s Pound Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pound with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pound 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 Pound, Wisconsin
Property taxes in Pound, Wisconsin, play a crucial role in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Pound is 1.24%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Pound set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pound 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 Pound's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54161 zip code has the highest median property tax rate of 1.24%, while the 54161 zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Pound 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 Pound Tax Rate
1.24%
Average Oconto County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pound, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54161 | 1.01% | 1.13% | 1.24% | 1.35% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Pound, Wisconsin
In POUND, 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 Oconto 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 POUND, 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 POUND 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 54161, with a median tax bill of $2,083.
Average Pound Assessed Value
$170,800
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 Pound, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54161 | $52,660 | $103,900 | $170,800 | $257,500 | $356,920 |
Source: Ownwell
Property Tax Bills Across Pound, Wisconsin
In POUND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Oconto County, the median home price is $170,800, and the tax rate is a significant factor in the final bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in the 25th percentile can expect a tax bill around $1,215, while those in the 75th percentile may see bills as high as $3,290. For the top 10% of properties, tax bills can reach up to $4,728. These property taxes fund essential local services like schools, emergency services, and infrastructure maintenance. Comparatively, the national median property tax rate is 0.99%, making it crucial for POUND homeowners to understand their specific obligations and how they impact their overall financial planning.
Average Pound Tax Bill
$2,083
Average Oconto County Tax Bill
$2,049
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Pound, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54161 | $602 | $1,215 | $2,083 | $3,290 | $4,728 |
Source: Ownwell