Shawano, Wisconsin Property Taxes
The median property tax rate in Shawano, WI is 1.28%, 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 $141,414 in Shawano, the typical annual property tax bill amounts to $2,135, which is below the national median of $2,690. Property taxes in Shawano are calculated based on the assessed value, which is often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Shawano’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 Shawano 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
Shawano, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Shawano Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shawano with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shawano 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 Shawano, Wisconsin
Property taxes in Shawano, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shawano is 1.28%, higher than the U.S. national median of 0.99%. Local government entities within Shawano set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shawano 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 Shawano's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54166 zip code has the highest median property tax rate of 1.28%, while also having the lowest median tax rate of 1.28%. Understanding how these cities compare with Shawano 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 Shawano Tax Rate
1.28%
Average Shawano County Tax Rate
1.29%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shawano, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54166 | 1.07% | 1.15% | 1.28% | 1.89% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Shawano, Wisconsin
In Shawano, 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 Assessor 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 Shawano, 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 Shawano helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Shawano’s zip code 54166 has the highest and lowest median tax bill, both valued at $2,135.
Average Shawano Assessed Value
$141,414
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 Shawano, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54166 | $56,209 | $93,114 | $141,414 | $226,276 | $340,572 |
Source: Ownwell
Property Tax Bills Across Shawano, Wisconsin
In Shawano, 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. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For homeowners in Shawano, the property tax bill can vary significantly. For instance, the 25th percentile tax bill is around $1,440, while the 75th percentile tax bill rises to $3,270. At the 90th percentile, homeowners might pay as much as $4,659 annually. Comparatively, the national median property tax rate is 0.99%, making Shawano's property taxes a critical consideration for potential homeowners. The highest median tax bill in Shawano is $2,135 in the 54166 zip code, reflecting the variability within the region. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Shawano Tax Bill
$2,135
Average Shawano County Tax Bill
$2,012
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Shawano, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54166 | $711 | $1,440 | $2,135 | $3,270 | $4,659 |
Source: Ownwell