Hillpoint, Wisconsin Property Taxes
The median property tax rate in Hillpoint, WI is 1.50%, which is significantly higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With the median home value in Hillpoint, the typical annual property tax bill reaches $2,872, 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 the city, 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
1.5%
Estimate Property Tax Bill
$2,933
$2,722
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 essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillpoint is 1.50%, significantly higher than both the Wisconsin state median and 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 counties in Wisconsin and the national median. For comparison, the 53937 zip code has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these areas compare with Hillpoint provides valuable insights into the varying tax landscape across Sauk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hillpoint Tax Rate
1.50%
Average Sauk County Tax Rate
1.40%
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 | 1.18% | 1.42% | 1.50% | 1.56% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Hillpoint, Wisconsin
In Hillpoint, 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 Sauk 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 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. 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 Hillpoint is $195,547, with tax bills ranging from $1,993 at the 25th percentile to $5,210 at the 90th percentile. The highest and lowest median tax bills are both $2,872 in the 53937 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hillpoint Assessed Value
$195,547
Average Sauk County Assessed Value
$227,964
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 | $76,265 | $130,815 | $195,547 | $278,243 | $356,305 |
Source: Ownwell
Property Tax Bills Across Hillpoint, Wisconsin
In Hillpoint, located in Sauk County, WI, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the market value, and local tax rates are applied to this assessed value to calculate the final tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, the median home price in Hillpoint is $195,547, and property tax bills vary significantly across different percentiles. Homeowners in the 25th percentile can expect a tax bill around $1,993, while those in the 75th percentile might see bills closer to $4,042. At the 90th percentile, tax bills can reach up to $5,210. This variability impacts homeowners by affecting their annual financial planning. Compared to the national median property tax rate of 0.99%, Hillpoint's property taxes reflect local economic conditions and municipal budget requirements, ensuring essential services are funded.
Average Hillpoint Tax Bill
$2,872
Average Sauk County Tax Bill
$3,357
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 | $981 | $1,993 | $2,872 | $4,042 | $5,210 |
Source: Ownwell