Green Valley, Wisconsin Property Taxes
The median property tax rate in Green Valley, WI is 1.24%, 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 Green Valley at $101,734, the typical annual property tax bill amounts to $1,255, falling below the national median of $2,690. Property taxes in Green Valley 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 Green Valley'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 Green Valley 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
Green Valley, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,262
$1,171
Ownwell’s Green Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Green Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Green Valley 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 Green Valley, Wisconsin
Property taxes in Green Valley, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green Valley is 1.10%, higher than both the Wisconsin state median of 1.05% and the U.S. national median of 0.99%. Local government entities within Green Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Green Valley 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 Green Valley's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54127 zip code has the highest median property tax rate of 1.24%, while the 54127 zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Green Valley 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 Green Valley Tax Rate
1.24%
Average Shawano County Tax Rate
1.29%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54127 | 1.13% | 1.21% | 1.24% | 1.39% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Green Valley, Wisconsin
In Green Valley, 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 55115 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 Green Valley, 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 Green Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1255 in zip code 54127, while the lowest is also $1255 in the same zip code.
Average Green Valley Assessed Value
$101,734
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 Green Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54127 | $30,071 | $54,638 | $101,734 | $122,936 | $150,765 |
Source: Ownwell
Property Tax Bills Across Green Valley, Wisconsin
In Green Valley, Shawano County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the total tax bill. With a median home price of $101,734, homeowners in Green Valley can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $689, while at the 75th percentile, it rises to $1520. Those at the 90th percentile may see tax bills as high as $2001. These figures highlight the range of potential tax burdens homeowners might face, influenced by the assessed value of their property and the corresponding tax rate. Compared to the national median property tax rate of 0.99%, Green Valley's property tax obligations can be quite varied, impacting homeowners differently based on their property's assessed value. Understanding these factors can help homeowners anticipate their annual tax responsibilities and budget accordingly.
Average Green Valley Tax Bill
$1,255
Average Shawano County Tax Bill
$2,012
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Green Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54127 | $352 | $689 | $1,255 | $1,520 | $2,001 |
Source: Ownwell