Hillpoint, Wisconsin Property Taxes
The median property tax rate in Hillpoint, WI is 1.81%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Hillpoint at $171,200, the typical annual property tax bill reaches $3,097, surpassing the national median of $2,690. Property taxes in Hillpoint 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 Hillpoint'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 Hillpoint or another part of Richland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hillpoint, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$3,099
Ownwell’s HILLPOINT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HILLPOINT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HILLPOINT 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 Hillpoint, Wisconsin
Property taxes in Hillpoint, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillpoint is 1.81%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hillpoint set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillpoint 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 Hillpoint's effective property tax rate to other areas in Richland County and the national median. For comparison, the zip code 53937 has the highest median property tax rate of 1.81%, while the same zip code also has the lowest median tax rate of 1.81%. Understanding how Hillpoint compares with other areas provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hillpoint Tax Rate
1.81%
Average Richland County Tax Rate
1.66%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillpoint, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53937 | 1.78% | 1.79% | 1.81% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Hillpoint, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hillpoint, Wisconsin. 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 Hillpoint, 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. For example, the median home price in Hillpoint is $171,200, with tax bills ranging from $2,388 at the 25th percentile to $3,241 at the 90th percentile. The highest median tax bill in the area is found in zip code 53937, amounting to $3,097. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hillpoint Assessed Value
$171,200
Average Richland County Assessed Value
$97,250
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hillpoint, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53937 | $110,160 | $133,050 | $171,200 | $176,050 | $178,960 |
Source: Ownwell
Property Tax Bills Across Hillpoint, Wisconsin
In Hillpoint, 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 property's market value. This value is then multiplied by the tax rate set by local taxing authorities, including the county, school district, and other municipal entities. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. Homeowners in Hillpoint, within Richland County, experience a range of tax bills. For instance, the tax bill at the 25th percentile is $2,388, while at the 75th percentile, it’s $3,187. The median home price in the area is $171,200, which helps contextualize these figures. Compared to the national median property tax rate of 0.99%, the property tax rates in Hillpoint can significantly impact homeowners' annual expenses, affecting their financial planning and overall cost of living.
Average Hillpoint Tax Bill
$3,097
Average Richland County Tax Bill
$1,704
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillpoint, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53937 | $1,962 | $2,388 | $3,097 | $3,187 | $3,241 |
Source: Ownwell