Bay City, Wisconsin Property Taxes
The median property tax rate in Bay City, WI is 1.98%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Bay City being $155,331, the typical annual property tax bill reaches $2,911, exceeding the national median of $2,690. Property taxes in Bay City 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 Bay City'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 Bay City or another part of Pierce County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bay City, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.98%
Estimate Property Tax Bill
$3,076
$2,854
Ownwell’s Bay City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bay City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bay City 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 Bay City, Wisconsin
Property taxes in Bay City, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bay City is 1.98%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bay City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bay City 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 Bay City's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54723 zip code has both the highest and lowest median property tax rate of 1.98%. Understanding how these cities compare with Bay City provides valuable insights into the varying tax landscape across Pierce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bay City Tax Rate
1.98%
Average Pierce County Tax Rate
1.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bay City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54723 | 1.49% | 1.49% | 1.98% | 2.18% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Bay City, Wisconsin
In Bay City, 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 Assessor 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 Bay City, 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 Bay City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54723 has the highest and lowest median tax bill at $2,911.
Average Bay City Assessed Value
$155,331
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 Bay City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54723 | $68,980 | $111,114 | $155,331 | $221,847 | $301,164 |
Source: Ownwell
Property Tax Bills Across Bay City, Wisconsin
In Bay City, Pierce County, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in this area is $155,331. To determine the tax bill, the assessed value of the property is multiplied by the local tax rate, which is determined by the county and municipal budgets. Factors such as property improvements, market conditions, and neighborhood characteristics can influence the assessed value. Homeowners in Bay City experience varying tax bills depending on their property’s assessed value. For example, the 25th percentile tax bill is $2,179, while the 75th percentile tax bill reaches $4,095. At the higher end, the 90th percentile tax bill can be as much as $5,540. Comparatively, the national median property tax rate is 0.99%, making Bay City's property taxes relatively moderate. These tax bills fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding how these factors contribute to property tax calculations can help homeowners better anticipate their annual financial obligations.
Average Bay City Tax Bill
$2,911
Average Pierce County Tax Bill
$4,292
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Bay City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54723 | $1,348 | $2,179 | $2,911 | $4,095 | $5,540 |
Source: Ownwell