Rudolph, Portage County, Wisconsin Property Taxes
The median property tax rate in Rudolph, WI is 1.29%, which is higher than both the national median of 0.99% and Wisconsin's state median of 1.58%. With a median home value of $160,400 in Rudolph, the typical annual property tax bill reaches $2,079, which is below the national median of $2,690. Property taxes in Rudolph are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rudolph'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 Rudolph 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
Rudolph, Portage County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$2,069
$1,920
Ownwell’s Rudolph Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rudolph with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rudolph 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 Rudolph, Portage County, Wisconsin
Property taxes in Rudolph, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rudolph is 1.29%, notably higher than the U.S. national median of 0.99%. Local government entities within Rudolph set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rudolph 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 Rudolph's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54475 has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these areas compare with Rudolph 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 Rudolph Tax Rate
1.29%
Average Portage County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rudolph, Portage County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54475 | 1.11% | 1.19% | 1.29% | 1.37% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Rudolph, Portage County, Wisconsin
In Rudolph, 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 Rudolph, 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. The median property tax bill in Rudolph is $2,079, which is higher than the national median property tax rate of 0.99%. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rudolph, Portage County, Wisconsin
Source: Ownwell
$103,500
$214,700
$325,900
Average Rudolph Assessed Value
$160,400
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 Rudolph, Portage County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54475 | $43,640 | $111,850 | $160,400 | $256,550 | $374,180 |
Source: Ownwell
Property Tax Bills Across Rudolph, Portage County, Wisconsin
In Rudolph, property tax bills are calculated by multiplying the assessed value of a home by the local property tax rate. The assessed value is determined by the Portage County assessor's office, which evaluates the market value of the property. For instance, with a median home price of $160,400, homeowners can expect their property tax bill to vary significantly based on the assessed value and applicable exemptions or deductions. Factors such as property improvements, neighborhood developments, and changes in the real estate market can influence the assessed value. In Rudolph, the 25th percentile tax bill is $1,393, while the 75th percentile tax bill is $3,314, showing a broad range in tax obligations. The top 10% of tax bills can reach up to $4,402, indicating that higher-value properties or those with fewer exemptions face steeper taxes. Homeowners should be aware that these taxes fund essential local services like schools, roads, and emergency services, directly impacting community quality and property value stability.
Average Rudolph Tax Bill
$2,079
Average Portage County Tax Bill
$2,873
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Rudolph, Portage County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54475 | $539 | $1,393 | $2,079 | $3,314 | $4,402 |
Source: Ownwell