Birchwood, Wisconsin Property Taxes
The median property tax rate in Birchwood, WI is 1.00%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Birchwood at $128,900, the typical annual property tax bill is $1,291, which is below the national median of $2,690. Property taxes in Birchwood are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Birchwood'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 Birchwood 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
Birchwood, 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 Birchwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birchwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birchwood 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 Birchwood, Wisconsin
Property taxes in Birchwood, Wisconsin, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Birchwood is 1.00%, slightly above the U.S. national median of 0.99%. Local government entities within Birchwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birchwood 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 Birchwood's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54817 has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Birchwood provides valuable insights into the varying tax landscape across Rusk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birchwood Tax Rate
1.00%
Average Rusk County Tax Rate
1.18%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birchwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54817 | 0.85% | 0.93% | 1.00% | 1.04% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Birchwood, Wisconsin
In Birchwood, 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 Rusk County 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 Birchwood, 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 Birchwood is $128,900. 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 zip code with the highest median tax bill is 54817, with a tax bill of $1,291. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Birchwood Assessed Value
$128,900
Average Rusk County Assessed Value
$102,350
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birchwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54817 | $44,380 | $61,600 | $128,900 | $191,100 | $234,920 |
Source: Ownwell
Property Tax Bills Across Birchwood, Wisconsin
In Birchwood, WI, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The tax rate applied to this assessed value determines the total tax bill. Various factors, including the property's location, size, and improvements, influence the assessed value. Homeowners in Birchwood can expect their tax bills to vary significantly; the 25th percentile tax bill is $648, while the 75th percentile tax bill reaches $1955, and the 90th percentile goes up to $2452. These figures are influenced by the median home price in Birchwood, which stands at $128,900. Compared to the national median property tax rate of 0.99%, Birchwood's property tax rates can represent a substantial financial commitment for homeowners. Understanding how these taxes are calculated and the factors involved helps homeowners anticipate their annual expenses and budget accordingly.
Average Birchwood Tax Bill
$1,291
Average Rusk County Tax Bill
$1,304
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Birchwood, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54817 | $362 | $648 | $1,291 | $1,955 | $2,452 |
Source: Ownwell