Rosholt, Wisconsin Property Taxes
The median property tax rate in Rosholt, WI is 1.48%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $147,050, the typical annual property tax bill in Rosholt reaches $2,270, which is below the national median of $2,690. Property taxes in Rosholt are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Rosholt'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 Rosholt or another part of Portage County, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Rosholt, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$2,176
$2,020
Ownwell’s Rosholt Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rosholt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosholt to give you a clear estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. For those interested in more granular trends, you can scroll down to find more localized information. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Rosholt, Wisconsin
Property taxes in Rosholt, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosholt stands at 1.48%, significantly higher than the U.S. national median of 0.99%. Local government entities within Rosholt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosholt 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 Rosholt's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54473 zip code has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Rosholt 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 Rosholt Tax Rate
1.48%
Average Portage County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosholt, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54473 | 1.30% | 1.41% | 1.48% | 1.63% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Rosholt, Wisconsin
In Rosholt, 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 Rosholt, 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 Rosholt 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 $2,270, found in the 54473 zip code, while the lowest median tax bill is also $2,270 in the same zip code.
Average Rosholt Assessed Value
$147,050
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 Rosholt, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54473 | $7,400 | $64,000 | $147,050 | $246,125 | $335,890 |
Source: Ownwell
Property Tax Bills Across Rosholt, Wisconsin
In Rosholt, Portage County, WI, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including property size, location, and market conditions. For homeowners in Rosholt, the median home price is $147,050. Property tax bills can vary significantly, with the 25th percentile at $928 and the 75th percentile at $3,607. The 90th percentile tax bill reaches up to $4,836, indicating a broad range of tax obligations depending on property value and specific assessments. Compared to the national median property tax rate of 0.99%, Rosholt's rates reflect local funding needs for services such as schools, infrastructure, and emergency services. This variation in tax bills can significantly impact homeowners, affecting their overall housing costs and financial planning.
Average Rosholt Tax Bill
$2,270
Average Portage County Tax Bill
$2,873
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosholt, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54473 | $121 | $928 | $2,270 | $3,607 | $4,836 |
Source: Ownwell