Mosinee, Wisconsin Property Taxes
The median property tax rate in Mosinee, WI is 1.32%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Mosinee at $325,900, the typical annual property tax bill reaches $4,142, significantly exceeding the national median of $2,690. Property taxes in Mosinee are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mosinee'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 Mosinee 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
Mosinee, 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 Mosinee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mosinee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mosinee 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 Mosinee, Wisconsin
Property taxes in Mosinee, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mosinee is 1.41%, which is higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Mosinee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mosinee 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 Mosinee's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54455 zip code has the highest median property tax rate of 1.41%, while the 54455 zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Mosinee 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 Mosinee Tax Rate
1.32%
Average Portage County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mosinee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54455 | 1.11% | 1.27% | 1.32% | 1.35% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Mosinee, Wisconsin
In Mosinee, 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 Mosinee, 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 Mosinee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $4,142 in the 54455 zip code, while the lowest median tax bill is also $4,142 in the same zip code.
Average Mosinee Assessed Value
$325,900
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 Mosinee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54455 | $41,160 | $162,300 | $325,900 | $577,400 | $806,300 |
Source: Ownwell
Property Tax Bills Across Mosinee, Wisconsin
In Mosinee, located in Portage County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Mosinee, the median home price is $325,900. Property tax bills can vary significantly, with the 25th percentile bill at $1,863 and the 75th percentile bill at $7,130. At the higher end, the 90th percentile tax bill reaches up to $10,614. These figures highlight the potential financial impact on homeowners, making it crucial to understand the assessment process and local tax rates. Interestingly, the highest and lowest median tax bills in the area are both $4,142, indicating some consistency in tax assessments within the ZIP code 54455. Compared to the national median property tax rate of 0.99%, understanding these local nuances can help homeowners better anticipate their financial obligations and manage their budgets effectively.
Average Mosinee Tax Bill
$4,142
Average Portage County Tax Bill
$2,873
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Mosinee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54455 | $560 | $1,863 | $4,142 | $7,130 | $10,614 |
Source: Ownwell