Hawkins, Wisconsin Property Taxes
The median property tax rate in Hawkins, WI is 1.32%, notably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Hawkins, the typical annual property tax bill reaches $910, which is significantly below the national median of $2,690. Property taxes in Hawkins are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hawkins'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 Hawkins 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
Hawkins, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Hawkins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hawkins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hawkins 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 Hawkins, Wisconsin
Property taxes in Hawkins, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hawkins is 1.32%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Hawkins set these rates annually, and they can vary across different neighborhoods. Each year, Hawkins 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 Hawkins' effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54530 has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these areas compare with Hawkins 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 Hawkins Tax Rate
1.32%
Average Price County Tax Rate
1.67%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hawkins, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54530 | 0.69% | 0.88% | 1.32% | 1.46% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Hawkins, Wisconsin
In Hawkins, 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 Assessor 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 Hawkins, 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. The median home price in Hawkins is $73,500, with tax bills varying significantly. For instance, the 25th percentile tax bill is $452, while the 75th percentile tax bill reaches $1,794. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hawkins Assessed Value
$73,500
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 Hawkins, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54530 | $30,580 | $48,000 | $73,500 | $134,350 | $200,540 |
Source: Ownwell
Property Tax Bills Across Hawkins, Wisconsin
In Hawkins, located in Price County, WI, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is an estimate of the property's market value as determined by a local assessor. The tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence this calculation, including property size, location, and any improvements made to the property. For instance, the median home price in Hawkins is $73,500, which helps establish a baseline for the assessed value. Homeowners in the 25th percentile can expect a tax bill around $452, while those in the 75th percentile might see bills closer to $1,794. The highest tax bills, in the 90th percentile, can reach up to $2,203. These property taxes fund local services such as schools, emergency services, and infrastructure, directly impacting homeowners. Compared to the national median property tax rate of 0.99%, Hawkins residents experience a varied range of tax obligations, reflecting the diverse property values and local tax policies.
Average Hawkins Tax Bill
$910
Average Price County Tax Bill
$1,546
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hawkins, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54530 | $257 | $452 | $910 | $1,794 | $2,203 |
Source: Ownwell