Pine River, Wisconsin Property Taxes
The median property tax rate in Pine River, WI is 1.15%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Pine River, the typical annual property tax bill is $189, significantly below the national median of $2,690. Property taxes in Pine River 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 Pine River'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 Pine River 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
Pine River, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$189
$175
Ownwell’s Pine River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine River 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 Pine River, Wisconsin
Property taxes in Pine River, Wisconsin, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine River is 1.56%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Pine River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine River 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 Pine River's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54965 has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Pine River provides valuable insights into the varying tax landscape across Waushara County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pine River Tax Rate
1.15%
Average Outagamie County Tax Rate
1.71%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine River, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54965 | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Pine River, Wisconsin
In Pine River, 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 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 Pine River, 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 Pine River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Pine River's median property tax bill is $189, with the highest and lowest median tax bills both found in the 54965 zip code.
Average Pine River Assessed Value
$16,400
Average Outagamie County Assessed Value
$190,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine River, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54965 | $16,400 | $16,400 | $16,400 | $16,400 | $16,400 |
Source: Ownwell
Property Tax Bills Across Pine River, Wisconsin
In Pine River, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The city's median home price is $16,400, and the property tax rate is applied to this assessed value to determine the tax bill. Factors contributing to the tax bill include the property's market value, any improvements made, and the local tax rate set by government authorities. For homeowners in Pine River, the property tax bill typically falls around $189, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax bill can make homeownership more affordable, providing financial relief compared to other regions. However, homeowners should be aware that any changes in the assessed value of their property or adjustments in the local tax rate could affect their annual tax obligations. Maintaining awareness of these factors can help homeowners better manage their finances and plan for future expenses.
Average Pine River Tax Bill
$189
Average Outagamie County Tax Bill
$3,156
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine River, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54965 | $189 | $189 | $189 | $189 | $189 |
Source: Ownwell