Baldwin, Wisconsin Property Taxes
The median property tax rate in Baldwin, WI is 2.42%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $213,034, the typical annual property tax bill in Baldwin reaches $5,126, far exceeding the national median of $2,690. Property taxes in Baldwin are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Baldwin's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Baldwin or another part of Pierce County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Baldwin, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.42%
Estimate Property Tax Bill
$5,155
$4,784
Ownwell’s Baldwin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baldwin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baldwin 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 Baldwin, Wisconsin
Property taxes in Baldwin, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baldwin is 1.53%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Baldwin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baldwin 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 Baldwin's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54002 zip code has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with Baldwin provides valuable insights into the varying tax landscape across St. Croix, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baldwin Tax Rate
2.42%
Average Pierce County Tax Rate
1.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baldwin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54002 | 1.86% | 2.12% | 2.42% | 2.42% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Baldwin, Wisconsin
In Baldwin, 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 Pierce 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 Baldwin, 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. The median home price in Baldwin is $213,034, with tax bills varying significantly. For example, the 25th percentile tax bill is $2,919, while the 75th percentile tax bill is $5,713, and the 90th percentile tax bill reaches up to $6,870. The highest and lowest median tax bills are both found in the 54002 zip code, with a value of $5,126. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Baldwin Assessed Value
$213,034
Average Pierce County Assessed Value
$217,809
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baldwin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54002 | $102,139 | $134,353 | $213,034 | $240,819 | $314,614 |
Source: Ownwell
Property Tax Bills Across Baldwin, Wisconsin
In Baldwin, WI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $213,034, homeowners can expect varying tax bills depending on their specific circumstances. The tax bill at the 25th percentile is around $2,919, while those at the 75th percentile see bills closer to $5,713. At the higher end, the 90th percentile tax bill reaches approximately $6,870. Several factors influence the assessed value, including property size, location, and market conditions. These property taxes are crucial as they fund essential community services like schools, public safety, and infrastructure. Homeowners in Baldwin should be aware of how these assessments and tax rates affect their financial planning, especially when compared to the national median property tax rate of 0.99%. Understanding this process helps residents anticipate their annual financial obligations and budget accordingly.
Average Baldwin Tax Bill
$5,126
Average Pierce County Tax Bill
$4,292
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Baldwin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54002 | $2,458 | $2,919 | $5,126 | $5,713 | $6,870 |
Source: Ownwell