Kennan, Wisconsin Property Taxes
The median property tax rate in Kennan, WI is 1.43%, notably higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With a median home value of $84,200 in Kennan, the typical annual property tax bill amounts to $1,179, which is still below the national median of $2,690. Property taxes in Kennan are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Kennan'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 Kennan 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
Kennan, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$1,204
$1,117
Ownwell’s Kennan Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kennan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kennan 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 Kennan, Wisconsin
Property taxes in Kennan, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kennan is 1.43%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Kennan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kennan 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 Kennan's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54537 has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Kennan 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 Kennan Tax Rate
1.43%
Average Price County Tax Rate
1.67%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kennan, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54537 | 0.75% | 0.88% | 1.43% | 1.59% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Kennan, Wisconsin
In Kennan, 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. 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 Kennan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Kennan is $1,179, found in the 54537 zip code, while the lowest median tax bill is also $1,179 in the same zip code.
Average Kennan Assessed Value
$84,200
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 Kennan, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54537 | $20,540 | $47,200 | $84,200 | $136,925 | $217,900 |
Source: Ownwell
Property Tax Bills Across Kennan, Wisconsin
In Kennan, located in Price County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Kennan is $84,200. The tax bill is influenced by various factors, including the property's assessed value, local tax levies, and applicable exemptions. Homeowners in Kennan can expect their property tax bills to vary significantly. For instance, at the 25th percentile, tax bills are around $570, while at the 75th percentile, they reach approximately $1,756. At the 90th percentile, the tax bill can be as high as $2,437. The highest and lowest median tax bills in the area are both $1,179, highlighting a relatively consistent tax burden across different properties. Compared to the national median property tax rate of 0.99%, Kennan's property tax rates can be seen as moderate, impacting homeowners' financial planning and overall cost of homeownership. Understanding these factors can help homeowners anticipate their annual property tax obligations and budget accordingly.
Average Kennan Tax Bill
$1,179
Average Price County Tax Bill
$1,546
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Kennan, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54537 | $266 | $570 | $1,179 | $1,756 | $2,437 |
Source: Ownwell