Westboro, Wisconsin Property Taxes
The median property tax rate in Westboro, WI is 1.44%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $108,300 in Westboro, the typical annual property tax bill amounts to $1,867, falling below the national median of $2,690. Property taxes in Westboro are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Westboro'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 Westboro 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
Westboro, 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 Westboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westboro 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 Westboro, Wisconsin
Property taxes in Westboro, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westboro is 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Westboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westboro 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 Westboro's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54490 zip code has the highest median property tax rate of 1.44%, while the 54490 zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Westboro 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 Westboro Tax Rate
1.44%
Average Price County Tax Rate
1.67%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westboro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54490 | 0.91% | 1.24% | 1.44% | 1.78% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Westboro, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Westboro, Price County, WI. 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 local appraisal authorities 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 Westboro, 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 Westboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54490 has the highest median tax bill at $1,867, while the lowest median tax bill is also $1,867.
Average Westboro Assessed Value
$108,300
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 Westboro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54490 | $74,170 | $91,675 | $108,300 | $152,975 | $275,050 |
Source: Ownwell
Property Tax Bills Across Westboro, Wisconsin
In Westboro, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate. For instance, the median home price in Westboro is $108,300. Homeowners in this area can expect a range of property tax bills, with the 25th percentile at $1,113 and the 75th percentile at $2,111. The 90th percentile tax bill reaches up to $3,717, indicating a significant variation based on property value and location within the city. Several factors influence the final tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Westboro's rates reflect the unique valuation methods and fiscal needs of Price County. For homeowners, this means that their annual property tax bill can significantly impact their overall cost of living, making it crucial to understand how these taxes are calculated and managed.
Average Westboro Tax Bill
$1,867
Average Price County Tax Bill
$1,546
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Westboro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54490 | $1,092 | $1,113 | $1,867 | $2,111 | $3,717 |
Source: Ownwell