Shiocton, Wisconsin Property Taxes
The median property tax rate in Shiocton, WI is 1.25%, considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Shiocton at $169,504, the typical annual property tax bill reaches $2,090, which is below the national median of $2,690. Property taxes in Shiocton are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Shiocton'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 Shiocton 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
Shiocton, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$2,119
$1,966
Ownwell’s Shiocton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shiocton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shiocton 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 Shiocton, Wisconsin
Property taxes in Shiocton, Wisconsin, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Shiocton is 1.25%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Shiocton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shiocton 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 Shiocton's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54170 has both the highest and lowest median property tax rate of 1.25%. Understanding how these areas compare with Shiocton 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 Shiocton 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 Shiocton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54170 | 1.11% | 1.23% | 1.25% | 1.26% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Shiocton, Wisconsin
In Shiocton, 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 Shiocton, 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. For example, the median home price in Shiocton is $169,504, with tax bills ranging from $1,336 at the 25th percentile to $4,145 at the 90th percentile. The highest and lowest median tax bills both occur in the zip code 54170, with a value of $2,090. 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 Shiocton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shiocton Assessed Value
$169,504
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 Shiocton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54170 | $50,551 | $108,291 | $169,504 | $229,160 | $330,025 |
Source: Ownwell
Property Tax Bills Across Shiocton, Wisconsin
In Shiocton, located in 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 the local assessor, who evaluates the property's market value. This assessed value is then multiplied by the tax rate to determine the annual property tax bill. Homeowners in Shiocton typically see a median property tax bill of $2,090, which is higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, size, and improvements. For example, homes in the 25th percentile have tax bills around $1,336, while those in the 75th percentile see tax bills closer to $2,874. At the 90th percentile, tax bills can reach as high as $4,145. These variations can significantly impact homeowners, affecting their monthly budgets and long-term financial planning. Understanding these factors helps homeowners anticipate their property tax obligations more accurately.
Average Shiocton Tax Bill
$2,090
Average Shawano County Tax Bill
$2,012
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Shiocton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54170 | $725 | $1,336 | $2,090 | $2,874 | $4,145 |
Source: Ownwell