Bowler, Wisconsin Property Taxes
The median property tax rate in Bowler, WI is 1.25%, 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 $105,660 in Bowler, the typical annual property tax bill amounts to $1,263, which is below the national median of $2,690. Property taxes in Bowler are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Bowler's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're situated in the heart of Bowler or elsewhere in the city, grasping the local property tax framework is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Bowler, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$1,321
Ownwell’s Bowler Property Tax Bill Calculator is an indispensable tool for homeowners, real estate investors, and potential buyers aiming to estimate their annual property taxes in Bowler. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Bowler to provide an accurate estimate of your property tax bill. This valuable resource helps you anticipate potential tax liabilities with ease. For those interested in more granular details, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value, as determined by Shawano County, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Bowler, Wisconsin
Property taxes in Bowler, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bowler is 1.25%, notably higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Bowler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bowler 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 Bowler's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54416 has both the highest and lowest median property tax rate of 1.25%. Understanding how these areas compare with Bowler provides valuable insights into the varying tax landscape across Shawano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bowler Tax Rate
1.25%
Average Shawano County Tax Rate
1.29%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bowler, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54416 | 0.91% | 1.08% | 1.25% | 1.36% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Bowler, Wisconsin
In Bowler, 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 Shawano 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 Bowler, 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 Bowler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Bowler, the median home price stands at $105,660. The 25th percentile tax bill is $739, while the 75th percentile tax bill is $1,923. The highest median tax bill is $1,263 in zip code 54416.
Average Bowler Assessed Value
$105,660
Average Shawano County Assessed Value
$142,102
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bowler, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54416 | $24,170 | $61,937 | $105,660 | $156,857 | $219,970 |
Source: Ownwell
Property Tax Bills Across Bowler, Wisconsin
In Bowler, Shawano 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 local assessors who evaluate the market value of the property. Homeowners in Bowler can expect their property tax bill to vary significantly depending on the value of their home and where it falls within the assessed value spectrum. For instance, the 25th percentile tax bill is $739, while the 75th percentile tax bill is $1923, and at the 90th percentile, homeowners may see bills as high as $2775. These figures indicate a range of tax burdens, reflecting the differences in property values within the area. Compared to the national median property tax rate of 0.99%, Bowler's property taxes can be considered moderate, though individual experiences will vary based on specific property assessments. Understanding these factors is crucial for homeowners as it directly impacts their annual financial planning and the overall cost of homeownership in Bowler.
Average Bowler Tax Bill
$1,263
Average Shawano County Tax Bill
$2,012
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Bowler, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54416 | $354 | $739 | $1,263 | $1,923 | $2,775 |
Source: Ownwell