Eland, Wisconsin Property Taxes
The median property tax rate in ELAND, WI is 1.31%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in ELAND at $110,062, the typical annual property tax bill reaches $1,499, falling below the national median of $2,690. Property taxes in ELAND are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding ELAND'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 ELAND 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
Eland, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$1,442
Ownwell’s ELAND Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ELAND with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ELAND 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 Eland, Wisconsin
Property taxes in ELAND, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ELAND is 1.34%, which is higher than both the Wisconsin state median of 1.31% and the U.S. national median of 0.99%. Local government entities within ELAND set these rates annually, and they can vary significantly across different neighborhoods. Each year, ELAND 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 ELAND's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54427 zip code has the highest median property tax rate of 1.31%, while the same 54427 zip code has the lowest median tax rate of 1.31%. Understanding how these cities compare with ELAND 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 Eland Tax Rate
1.31%
Average Shawano County Tax Rate
1.29%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54427 | 1.15% | 1.25% | 1.31% | 1.37% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Eland, Wisconsin
In ELAND, Wisconsin, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 ELAND, 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 ELAND helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54427 in Shawano County shows the highest median tax bill at $1499, while the same zip code also records the lowest median tax bill at $1499.
Average Eland Assessed Value
$110,062
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 Eland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54427 | $37,278 | $68,903 | $110,062 | $178,713 | $244,158 |
Source: Ownwell
Property Tax Bills Across Eland, Wisconsin
In ELAND, property tax bills are calculated based on the assessed value of the home and the local tax rate set by Shawano County. The median home price in ELAND is $110,062, and the property tax rate is determined by multiplying this assessed value by the local tax rate. For homeowners, this means that various factors such as the home's market value and the county's tax rate play crucial roles in determining their annual tax bill. For instance, the 25th percentile of tax bills in ELAND is $937, while the 75th percentile reaches $2,388, and the 90th percentile can go as high as $3,268. These figures illustrate the range of property tax liabilities that homeowners might face, which can significantly impact their financial planning. Comparing this to the national median property tax rate of 0.99%, homeowners in ELAND might find their tax bills relatively manageable, but it's essential to understand that higher-valued properties will naturally incur higher taxes.
Average Eland Tax Bill
$1,499
Average Shawano County Tax Bill
$2,012
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Eland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54427 | $476 | $937 | $1,499 | $2,388 | $3,268 |
Source: Ownwell