Almond, Portage County, Wisconsin Property Taxes
The median property tax rate in Almond, WI is 1.19%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Almond at $114,100, the typical annual property tax bill amounts to $1,343, which is below the national median of $2,690. Property taxes in Almond are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Almond'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 Almond or another part of Portage County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Almond, Portage County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,358
$1,260
Ownwell’s Almond Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Almond with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Almond 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 Almond, Portage County, Wisconsin
Property taxes in Almond, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Almond is 1.19%, higher than the U.S. national median of 0.99%. Local government entities within Almond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Almond 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 Almond's effective property tax rate to other areas and the national median. For comparison, the zip code 54909 has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these areas compare with Almond provides valuable insights into the varying tax landscape across Portage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Almond Tax Rate
1.19%
Average Portage County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Almond, Portage County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54909 | 1.01% | 1.13% | 1.19% | 1.28% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Almond, Portage County, Wisconsin
In Almond, 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 Portage 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 Almond, 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 Almond helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Almond, the zip code with the highest and lowest median tax bill is 54909, both with a median tax bill of $1,343.
Property Tax Assessment Values Across Almond, Portage County, Wisconsin
Source: Ownwell
$103,500
$214,700
$325,900
Average Almond Assessed Value
$114,100
Average Portage County Assessed Value
$182,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Almond, Portage County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54909 | $19,400 | $56,150 | $114,100 | $196,900 | $287,940 |
Source: Ownwell
Property Tax Bills Across Almond, Portage County, Wisconsin
In Almond, WI, property tax bills are calculated based on the assessed value of a homeowner’s property, which is determined by local assessors. The assessed value reflects the market value of the property, and it is multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $114,100, homeowners can expect varying tax bills. The 25th percentile tax bill is $624, while the 75th percentile tax bill reaches $2,299, and the 90th percentile peaks at $3,302. These values indicate how different factors such as property location, improvements, and market trends can significantly impact the final tax amount. Compared to the national median property tax rate of 0.99%, the tax burden in Almond can vary widely, affecting homeowners' financial planning and long-term investment in their properties. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their budgets accordingly.
Average Almond Tax Bill
$1,343
Average Portage County Tax Bill
$2,873
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Almond, Portage County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54909 | $229 | $624 | $1,343 | $2,299 | $3,302 |
Source: Ownwell