Wild Rose, Portage County, Wisconsin Property Taxes
The median property tax rate in Wild Rose, WI is 1.23%, 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 Wild Rose at $104,150, the typical annual property tax bill reaches $1,301, which is below the national median of $2,690. Property taxes in Wild Rose are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wild Rose'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 Wild Rose 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
Wild Rose, Portage County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,281
$1,189
Ownwell’s Wild Rose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wild Rose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wild Rose 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 Wild Rose, Portage County, Wisconsin
Property taxes in Wild Rose, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wild Rose is 1.23%, 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 Wild Rose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wild Rose 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 Wild Rose's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54984 zip code has the highest median property tax rate of 1.23%, while the 54984 zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Wild Rose provides valuable insights into the varying tax landscape across Waushara County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wild Rose Tax Rate
1.23%
Average Portage County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wild Rose, Portage County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54984 | 1.07% | 1.20% | 1.23% | 1.23% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Wild Rose, Portage County, Wisconsin
In Wild Rose, 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 local 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 Wild Rose, 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 Wild Rose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $104,150, with tax bills ranging significantly, from the 25th percentile at $197 to the 90th percentile at $2,979. The highest and lowest median tax bills in the area are both $1,301, found in the 54984 zip code.
Property Tax Assessment Values Across Wild Rose, Portage County, Wisconsin
Source: Ownwell
$103,500
$214,700
$325,900
Average Wild Rose Assessed Value
$104,150
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 Wild Rose, Portage County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54984 | $11,980 | $14,750 | $104,150 | $137,300 | $256,830 |
Source: Ownwell
Property Tax Bills Across Wild Rose, Portage County, Wisconsin
In Wild Rose, WI, property tax bills are calculated based on the assessed value of a 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 tax rate set by the local government to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, the median home price in Wild Rose is $104,150. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $197 and the 75th percentile at $1,691. The 90th percentile sees tax bills as high as $2,979. Compared to the national median property tax rate of 0.99%, Wild Rose's tax bills can be relatively moderate or steep, depending on the specific property. These taxes are crucial for funding local services such as schools, infrastructure, and public safety, directly impacting the quality of life for homeowners.
Average Wild Rose Tax Bill
$1,301
Average Portage County Tax Bill
$2,873
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Wild Rose, Portage County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54984 | $118 | $197 | $1,301 | $1,691 | $2,979 |
Source: Ownwell