Weyerhaeuser, Rusk County, Wisconsin Property Taxes
The median property tax rate in Weyerhaeuser, WI is 1.30%, considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Weyerhaeuser, the typical annual property tax bill reaches $1,731, which is below the national median of $2,690. Property taxes in Weyerhaeuser 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 Weyerhaeuser'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 Weyerhaeuser 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
Weyerhaeuser, Rusk County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,693
$1,571
Ownwell’s Weyerhaeuser Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weyerhaeuser with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weyerhaeuser 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 Weyerhaeuser, Rusk County, Wisconsin
Property taxes in Weyerhaeuser, Wisconsin, are essential for funding local services like public schools, road maintenance, and emergency services. The median tax rate in Weyerhaeuser is 1.30%, significantly higher than Wisconsin's state median and the U.S. national median of 0.99%. Local government entities within Weyerhaeuser set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weyerhaeuser 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 Weyerhaeuser's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54895 has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these areas compare with Weyerhaeuser 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 Weyerhaeuser Tax Rate
1.30%
Average Rusk County Tax Rate
1.18%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weyerhaeuser, Rusk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54895 | 0.97% | 1.15% | 1.30% | 1.33% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Weyerhaeuser, Rusk County, Wisconsin
In Weyerhaeuser, 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 Weyerhaeuser, 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 Weyerhaeuser helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in the area is 54895, with a median tax bill of $1,731.
Property Tax Assessment Values Across Weyerhaeuser, Rusk County, Wisconsin
Source: Ownwell
$59,700
$184,950
$310,200
Average Weyerhaeuser Assessed Value
$130,250
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 Weyerhaeuser, Rusk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54895 | $33,710 | $63,975 | $130,250 | $243,300 | $365,830 |
Source: Ownwell
Property Tax Bills Across Weyerhaeuser, Rusk County, Wisconsin
In Weyerhaeuser, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the home. Homeowners in Weyerhaeuser can expect a median home price of $130,250. The property tax rate in this area is a crucial factor, and it stands in comparison to the national median property tax rate of 0.99%. The tax bill can vary significantly depending on the property's value and other factors such as local levies and school district taxes. For instance, the 25th percentile of tax bills is $865, while the 75th percentile reaches $3,224. At the higher end, the 90th percentile tax bill can be as much as $4,836. These variations impact homeowners differently, potentially affecting their annual budgeting and financial planning. Understanding these factors is essential for homeowners to anticipate and manage their property tax obligations effectively.
Average Weyerhaeuser Tax Bill
$1,731
Average Rusk County Tax Bill
$1,304
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Weyerhaeuser, Rusk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54895 | $363 | $865 | $1,731 | $3,224 | $4,836 |
Source: Ownwell