Muscoda, Wisconsin Property Taxes
The median property tax rate in Muscoda, WI is 1.49%, considerably higher than the national median of 0.99% but below the Wisconsin state median of 1.58%. With the median home value in Muscoda at $112,850, the typical annual property tax bill reaches $1,686, which is lower than the national median of $2,690. Property taxes in Muscoda are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Muscoda'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 Muscoda 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
Muscoda, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$1,681
$1,560
Ownwell’s Muscoda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Muscoda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Muscoda 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 Muscoda, Wisconsin
Property taxes in Muscoda, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Muscoda is 1.49%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Muscoda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Muscoda 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 Muscoda's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53573 zip code has both the highest and lowest median property tax rate of 1.49%. Understanding how these cities compare with Muscoda 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 Muscoda Tax Rate
1.49%
Average Richland County Tax Rate
1.66%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Muscoda, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53573 | 1.32% | 1.44% | 1.49% | 1.58% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Muscoda, Wisconsin
In Muscoda, 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 Richland County Assessment Office 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 Muscoda, 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. The median home price in Muscoda is $112,850, with property tax bills ranging from $644 at the 25th percentile to $2,705 at the 75th percentile. The zip code 53573 has the highest and lowest median tax bill of $1,686. Being aware of these valuation processes in Muscoda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Muscoda Assessed Value
$112,850
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 Muscoda, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53573 | $36,950 | $50,750 | $112,850 | $173,200 | $242,000 |
Source: Ownwell
Property Tax Bills Across Muscoda, Wisconsin
In Muscoda, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $112,850. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile paying around $644 and the 75th percentile facing bills up to $2,705. For those in the 90th percentile, tax bills can reach as high as $3,664. The highest and lowest median tax bills in the area both stand at $1,686, indicating some consistency in tax assessments within the zip code 53573. These property tax rates are influenced by various factors, including the local government's budget needs, school funding, and public services. Compared to the national median property tax rate of 0.99%, homeowners in Muscoda may find their tax rates to be relatively moderate, though individual experiences can vary widely. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Muscoda Tax Bill
$1,686
Average Richland County Tax Bill
$1,704
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Muscoda, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53573 | $476 | $644 | $1,686 | $2,705 | $3,664 |
Source: Ownwell