Brantwood, Wisconsin Property Taxes
The median property tax rate in Brantwood, WI is 1.50%, which is notably higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With a median home value of $65,750 in Brantwood, the typical annual property tax bill amounts to $1,004, still below the national median of $2,690. Property taxes in Brantwood are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Brantwood'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 Brantwood or elsewhere in Price County, a deep understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brantwood, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$986
Ownwell’s Brantwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brantwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brantwood 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 Brantwood, Wisconsin
Property taxes in Brantwood, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brantwood is 1.50%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Brantwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brantwood 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 Brantwood's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54513 zip code has both the highest and lowest median property tax rate of 1.50%. Understanding how these cities compare with Brantwood provides valuable insights into the varying tax landscape across Price County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brantwood Tax Rate
1.50%
Average Price County Tax Rate
1.67%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brantwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54513 | 0.78% | 1.21% | 1.50% | 1.64% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Brantwood, Wisconsin
In Brantwood, 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 Price 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 Brantwood, 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 Brantwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Brantwood both stand at $1004, specifically in the 54513 zip code.
Average Brantwood Assessed Value
$65,750
Average Price County Assessed Value
$88,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brantwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54513 | $22,140 | $40,525 | $65,750 | $115,225 | $167,240 |
Source: Ownwell
Property Tax Bills Across Brantwood, Wisconsin
In Brantwood, 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, who evaluates the property to estimate its market value. This value is then multiplied by the local tax rate to calculate the annual property tax bill. For instance, with a median home price of $65,750, homeowners can expect varying tax bills depending on their property's assessed value. Several factors influence the tax bill, including property size, location, and improvements. In Brantwood, the tax bill at the 25th percentile is $512, while at the 75th percentile, it rises to $1,611. At the 90th percentile, it can reach up to $2,408. These figures highlight the range of potential tax obligations for homeowners in the area. Compared to the national median property tax rate of 0.99%, Brantwood's rates can be seen as relatively moderate, offering a balanced financial obligation for property owners. Understanding these factors helps homeowners anticipate their annual tax responsibilities and plan accordingly.
Average Brantwood Tax Bill
$1,004
Average Price County Tax Bill
$1,546
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Brantwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54513 | $255 | $512 | $1,004 | $1,611 | $2,408 |
Source: Ownwell