Amherst Junction, Wisconsin Property Taxes
The median property tax rate in Amherst Junction, WI is 1.49%, which is notably higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With a median home value of $172,900 in Amherst Junction, the typical annual property tax bill amounts to $2,459, just below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Amherst Junction'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 Amherst Junction or another part of Portage County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amherst Junction, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Amherst Junction Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amherst Junction with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amherst Junction 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 Amherst Junction, Wisconsin
Property taxes in Amherst Junction, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amherst Junction is 1.49%, significantly higher than the U.S. national median of 0.99%. Local government entities within Amherst Junction set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amherst Junction 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 Amherst Junction's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54407 zip code has both the highest and lowest median property tax rate of 1.49%. Understanding how these cities compare with Amherst Junction 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 Amherst Junction Tax Rate
1.49%
Average Portage County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amherst Junction, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54407 | 1.27% | 1.39% | 1.49% | 1.55% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Amherst Junction, Wisconsin
In Amherst Junction, 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 Amherst Junction, 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 Amherst Junction helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $172,900, with tax bills ranging from $1,132 at the 25th percentile to $5,197 at the 90th percentile. The highest and lowest median tax bills, both at $2,459, are found in the 54407 zip code.
Property Tax Assessment Values Across Amherst Junction, Wisconsin
Source: Ownwell
$103,500
$214,700
$325,900
Average Amherst Junction Assessed Value
$172,900
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 Amherst Junction, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54407 | $20,140 | $85,300 | $172,900 | $272,950 | $360,940 |
Source: Ownwell
Property Tax Bills Across Amherst Junction, Wisconsin
In Amherst Junction, Portage County, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The median home price in the area is $172,900, which serves as a baseline for determining property taxes. Homeowners' tax bills can vary widely, with the 25th percentile paying around $1,132, while those in the 75th percentile face bills up to $3,972. At the 90th percentile, tax bills can reach as high as $5,197. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions or deductions. Unlike the national median property tax rate of 0.99%, the rates in Amherst Junction can vary, reflecting the unique economic and infrastructural needs of the community. For homeowners, understanding these factors is crucial for financial planning. Higher property taxes can affect monthly mortgage payments and overall affordability. Conversely, lower taxes can make homeownership more accessible and less financially burdensome.
Average Amherst Junction Tax Bill
$2,459
Average Portage County Tax Bill
$2,873
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Amherst Junction, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54407 | $281 | $1,132 | $2,459 | $3,972 | $5,197 |
Source: Ownwell