Plainfield, Wisconsin Property Taxes
The median property tax rate in Plainfield, WI is 1.33%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Plainfield at $107,300, the typical annual property tax bill reaches $1,501, exceeding the national median of $2,690. Property taxes in Plainfield 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 Plainfield'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 Plainfield or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Plainfield, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,427
$1,324
Ownwell’s Plainfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plainfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plainfield 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 Plainfield, Wisconsin
Property taxes in Plainfield, Wisconsin, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plainfield is 1.33%, significantly higher than the national median of 0.99%. Local government entities within Plainfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plainfield 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 Plainfield's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54966 has both the highest and lowest median property tax rate of 1.33%. Understanding how these areas compare with Plainfield 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 Plainfield Tax Rate
1.33%
Average Portage County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plainfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54966 | 1.15% | 1.26% | 1.33% | 1.36% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Plainfield, Wisconsin
In Plainfield, 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 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 Plainfield, 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 Plainfield is $107,300, with tax bills ranging from $819 at the 25th percentile to $3,677 at the 90th percentile. The zip code with the highest and lowest median tax bill is 54966, with a tax bill of $1,501. By understanding 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 Plainfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Plainfield Assessed Value
$107,300
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 Plainfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54966 | $25,000 | $66,800 | $107,300 | $167,100 | $290,850 |
Source: Ownwell
Property Tax Bills Across Plainfield, Wisconsin
Property tax bills in Plainfield, located in Portage County, WI, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. In this region, the median home price stands at $107,300. Homeowners then face a tax rate applied to this assessed value to calculate their annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, homes at the 25th percentile of tax bills pay around $819, while those at the 75th percentile pay approximately $2,161. The tax burden can be significant, with the 90th percentile reaching up to $3,677. These figures show considerable variation, reflecting differences in property values and individual assessments. Compared to the national median property tax rate of 0.99%, Plainfield's property tax rates can vary, affecting homeowners' financial planning and overall cost of living. Understanding these elements helps homeowners anticipate their annual property tax obligations.
Average Plainfield Tax Bill
$1,501
Average Portage County Tax Bill
$2,873
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Plainfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54966 | $308 | $819 | $1,501 | $2,161 | $3,677 |
Source: Ownwell