Hawkins, Wisconsin Property Taxes
The median property tax rate in Hawkins, WI is 1.06%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Hawkins at $60,800, the typical annual property tax bill comes to $632, which is significantly less than the national median of $2,690. Property taxes in Hawkins are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural land. Understanding Hawkins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hawkins or another part of Rusk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hawkins, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$644
Ownwell’s Hawkins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hawkins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hawkins 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 Hawkins, Wisconsin
Property taxes in Hawkins, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hawkins is 1.06%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Hawkins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hawkins 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 Hawkins's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54530 has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Hawkins 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 Hawkins Tax Rate
1.06%
Average Rusk County Tax Rate
1.18%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hawkins, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54530 | 0.73% | 0.90% | 1.06% | 1.15% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Hawkins, Wisconsin
In Hawkins, 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 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. In Hawkins, 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 instance, the highest median tax bill in Hawkins is $632.00 in the 54530 zip code. 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 Hawkins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hawkins Assessed Value
$60,800
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 Hawkins, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54530 | $18,060 | $35,050 | $60,800 | $87,400 | $133,640 |
Source: Ownwell
Property Tax Bills Across Hawkins, Wisconsin
In Hawkins, 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 market value of the property. The tax rate, set by local government entities, is applied to this assessed value to determine the tax bill. For example, with a median home price of $60,800, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $340, while the 75th percentile reaches $975, and the 90th percentile can be as high as $1,468. These tax bills are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners in Hawkins may find their property taxes to be a significant annual expense, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Hawkins Tax Bill
$632
Average Rusk County Tax Bill
$1,304
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hawkins, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54530 | $132 | $340 | $632 | $975 | $1,468 |
Source: Ownwell