Wonewoc, Wisconsin Property Taxes
The median property tax rate in Wonewoc, WI is 1.13%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $133,980 in Wonewoc, the typical annual property tax bill amounts to $1,421, which is below the national median of $2,690. Property taxes in Wonewoc are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Wonewoc'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 Wonewoc or another part of Sauk County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wonewoc, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,514
$1,405
Ownwell’s Wonewoc Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wonewoc with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wonewoc 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 Wonewoc, Wisconsin
Property taxes in Wonewoc, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wonewoc is 1.13%, higher than the U.S. national median of 0.99%. Local government entities within Wonewoc set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wonewoc 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 Wonewoc's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53968 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Wonewoc 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 Wonewoc Tax Rate
1.13%
Average Sauk County Tax Rate
1.40%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wonewoc, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53968 | 0.72% | 1.01% | 1.13% | 1.20% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Wonewoc, Wisconsin
In Wonewoc, 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 Wonewoc, 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 Wonewoc helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Wonewoc are both $1,421, found in the zip code 53968.
Average Wonewoc Assessed Value
$133,980
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 Wonewoc, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53968 | $45,214 | $82,299 | $133,980 | $211,036 | $308,510 |
Source: Ownwell
Property Tax Bills Across Wonewoc, Wisconsin
In Wonewoc, located in Sauk County, 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's office and reflects the property's market value. Homeowners in Wonewoc can expect a median home price of $133,980. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including the property's location, improvements, and any applicable exemptions. For example, in Wonewoc, the tax bill can range significantly. The 25th percentile of tax bills is around $844, while the 75th percentile reaches up to $2,351. The highest tax bills, falling in the 90th percentile, can go as high as $3,157. These property taxes are crucial for funding local services like public schools, infrastructure, and emergency services. Homeowners should be aware of these factors as they can significantly impact their annual financial planning and overall cost of living.
Average Wonewoc Tax Bill
$1,421
Average Sauk County Tax Bill
$3,357
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Wonewoc, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53968 | $362 | $844 | $1,421 | $2,351 | $3,157 |
Source: Ownwell