Caroline, Wisconsin Property Taxes
The median property tax rate in Caroline, WI is 1.23%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $134,446 in Caroline, the typical annual property tax bill amounts to $1,701, falling below the national median of $2,690. Property taxes in Caroline are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Caroline’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 Caroline or another part of Shawano County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caroline, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,654
Ownwell’s Caroline Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caroline with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caroline 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 Caroline, Wisconsin
Property taxes in Caroline, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Caroline is 1.23%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Caroline set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caroline 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 Caroline's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54928 zip code has the highest median property tax rate of 1.23%, while the 54928 zip code has the lowest median tax rate of 1.23%. Understanding how these areas compare with Caroline 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 Caroline Tax Rate
1.23%
Average Shawano County Tax Rate
1.29%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caroline, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54928 | 1.10% | 1.17% | 1.23% | 1.31% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Caroline, Wisconsin
In Caroline, 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 Caroline, 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 Caroline helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $1,701 in the 54928 zip code.
Average Caroline Assessed Value
$134,446
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 Caroline, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54928 | $28,020 | $92,320 | $134,446 | $179,718 | $250,634 |
Source: Ownwell
Property Tax Bills Across Caroline, Wisconsin
In Caroline, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Caroline is $134,446. Property tax rates in this area can significantly impact homeowners' annual expenses. For instance, the tax bill at the 25th percentile is $1,048, while at the 75th percentile, it rises to $2,344, and for the 90th percentile, it reaches $3,226. These variations indicate how different factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, Caroline's property tax rates can vary widely. Homeowners in Caroline should be aware of how these assessments are made and how they can potentially appeal or apply for exemptions to reduce their tax burden. Understanding these factors can help homeowners better manage their finances and anticipate their annual property tax obligations.
Average Caroline Tax Bill
$1,701
Average Shawano County Tax Bill
$2,012
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Caroline, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54928 | $321 | $1,048 | $1,701 | $2,344 | $3,226 |
Source: Ownwell