Waupaca, Wisconsin Property Taxes
The median property tax rate in Waupaca, WI is 1.20%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $147,100 in Waupaca, the typical annual property tax bill amounts to $1,748, which is below the national median of $2,690. Property taxes in Waupaca are based on the assessed value, which often falls below market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Waupaca'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 Waupaca or another part of the city, grasping the local property tax system will benefit homeowners and real estate investors alike.
Last Updated June 14, 2024
Waupaca, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,765
Ownwell’s Waupaca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waupaca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waupaca 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 Waupaca, Wisconsin
Property taxes in Waupaca, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waupaca is 1.41%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Waupaca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waupaca 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 Waupaca's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54981 zip code has the highest median property tax rate of 1.41%, while the lowest median tax rate is also 1.41%, highlighting a uniform tax rate within this region. Understanding how these cities compare with Waupaca provides valuable insights into the varying tax landscape across Waupaca County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waupaca Tax Rate
1.20%
Average Portage County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waupaca, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54981 | 1.12% | 1.19% | 1.20% | 1.20% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Waupaca, Wisconsin
In Waupaca, 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 Waupaca, 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 Waupaca helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 54981, with a median tax bill of $1,748.
Average Waupaca Assessed Value
$147,100
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 Waupaca, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54981 | $18,700 | $45,125 | $147,100 | $209,600 | $280,660 |
Source: Ownwell
Property Tax Bills Across Waupaca, Wisconsin
In Waupaca, property tax bills are determined based on the assessed value of a home, which is intended to reflect its market value. The median home price in Waupaca is $147,100. To calculate the tax bill, the assessed value is multiplied by the local property tax rate. Homeowners in Waupaca experience a range of tax bills; the 25th percentile tax bill is $640, while the 75th percentile tax bill reaches $2,536, and the 90th percentile tax bill can be as high as $3,404. Several factors influence these tax bills, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. The highest and lowest median tax bills in the area are both $1,748, indicating a consistent tax rate within the zip code 54981. Compared to the national median property tax rate of 0.99%, homeowners in Waupaca may find their tax obligations to be relatively moderate. Understanding these factors can help homeowners better anticipate their annual property tax expenses and plan their finances accordingly.
Average Waupaca Tax Bill
$1,748
Average Portage County Tax Bill
$2,873
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Waupaca, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54981 | $223 | $640 | $1,748 | $2,536 | $3,404 |
Source: Ownwell