Clayton, Wisconsin Property Taxes
The median property tax rate in Clayton, WI is 1.58%, aligning with the state median but significantly higher than the national median of 0.99%. With a median home value of $171,400 in Clayton, the typical annual property tax bill reaches $2,642, just below the national median of $2,690. Property taxes in Clayton are determined based on the tax assessed value, which is generally lower than the market value due to exemptions like those for primary residences and agricultural properties. Grasping the nuances of Clayton's property tax system, exploring available exemptions, and uncovering opportunities for reductions can result in considerable annual savings. Whether you're in the heart of Clayton or elsewhere in the city, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Clayton, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$2,708
$2,513
Ownwell’s Clayton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clayton. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Clayton to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Clayton, Wisconsin
Property taxes in Clayton, Wisconsin, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Clayton is 1.58%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Clayton set these rates annually, leading to potential variations across different neighborhoods. Each year, Clayton 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 Clayton's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54004 has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with Clayton provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clayton Tax Rate
1.58%
Average Polk County Tax Rate
1.13%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clayton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54004 | 1.19% | 1.43% | 1.58% | 1.71% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Clayton, Wisconsin
In Clayton, 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 Polk 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 Clayton, 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 Clayton is $171,400, with tax bills ranging from $1,681 at the 25th percentile to $4,869 at the 90th percentile. The zip code 54004 has the highest and lowest median tax bill, both at $2,642. 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 Clayton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clayton Assessed Value
$171,400
Average Polk County Assessed Value
$219,000
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clayton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54004 | $63,990 | $112,250 | $171,400 | $233,950 | $300,240 |
Source: Ownwell
Property Tax Bills Across Clayton, Wisconsin
In Clayton, located in Polk County, Wisconsin, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Clayton is $171,400, which serves as a reference point for many homeowners. Property taxes in Clayton are higher than the national median property tax rate of 0.99%, reflecting the area's specific financial needs and services. The tax bill for a property is determined by multiplying the assessed value of the home by the local tax rate. Factors such as property size, location, and improvements can influence the assessed value. For example, the tax bill at the 25th percentile is $1,681, while at the 75th percentile, it rises to $3,700. At the 90th percentile, homeowners can expect to pay around $4,869. These figures illustrate the range of property tax responsibilities in Clayton. Higher property taxes can significantly impact homeowners by increasing the cost of homeownership. Understanding these factors helps homeowners plan their finances better and anticipate potential changes in their tax obligations.
Average Clayton Tax Bill
$2,642
Average Polk County Tax Bill
$2,629
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Clayton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54004 | $942 | $1,681 | $2,642 | $3,700 | $4,869 |
Source: Ownwell