Tilleda, Wisconsin Property Taxes
The median property tax rate in Tilleda, WI is 1.29%, 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 Tilleda at $110,633, the typical annual property tax bill reaches $1,230, falling below the national median of $2,690. Property taxes in Tilleda are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tilleda'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 Tilleda 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
Tilleda, 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 Tilleda Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Tilleda with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Tilleda to project your property tax bill. This valuable tool provides clarity on potential tax obligations. For those interested in neighborhood-level trends, more detailed information is available further down the page. Your property’s assessed value is determined by Shawano County for tax purposes, considering any applicable exemptions.
Property Tax Rates Across Tilleda, Wisconsin
Property taxes in Tilleda, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tilleda is 1.29%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Tilleda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tilleda 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 Tilleda's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54978 has both the highest and lowest median property tax rate of 1.29%. Understanding how these cities compare with Tilleda 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 Tilleda Tax Rate
1.29%
Average Shawano County Tax Rate
1.29%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tilleda, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54978 | 1.11% | 1.21% | 1.29% | 1.42% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Tilleda, Wisconsin
In Tilleda, 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 Tilleda, 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. For instance, the median home price in Tilleda is $110,633, with tax bills ranging from $1,016 at the 25th percentile to $2,007 at the 90th percentile. The highest and lowest median tax bills, both at $1,230, are found in the 54978 zip code. Being aware of these valuation processes in Tilleda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tilleda Assessed Value
$110,633
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 Tilleda, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54978 | $49,912 | $75,019 | $110,633 | $116,934 | $152,217 |
Source: Ownwell
Property Tax Bills Across Tilleda, Wisconsin
In Tilleda, Shawano County, WI, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The median home price in Tilleda is $110,633, and the tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final tax amount, including the property's location, size, and any applicable exemptions or deductions. Homeowners in Tilleda can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,016, while the 75th percentile tax bill reaches approximately $1,520. Those in the 90th percentile might see bills as high as $2,007. These variations are influenced by differences in property values and any additional assessments or exemptions. Compared to the national median property tax rate of 0.99%, Tilleda's tax bills reflect the local economic conditions and funding requirements for public services. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Tilleda Tax Bill
$1,230
Average Shawano County Tax Bill
$2,012
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Tilleda, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54978 | $724 | $1,016 | $1,230 | $1,520 | $2,007 |
Source: Ownwell