Houlton, Wisconsin Property Taxes
The median property tax rate in Houlton, WI is 1.26%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Houlton at $416,550, the typical annual property tax bill reaches $5,018, exceeding the national median of $2,690. Property taxes in Houlton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Houlton'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 Houlton 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
Houlton, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$5,249
$4,870
Ownwell’s Houlton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Houlton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Houlton 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 Houlton, Wisconsin
Property taxes in Houlton, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Houlton is 1.26%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Houlton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Houlton 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 Houlton's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54082 zip code has both the highest and lowest median property tax rate of 1.26%. Understanding how these cities compare with Houlton provides valuable insights into the varying tax landscape across St. Croix County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Houlton Tax Rate
1.26%
Average St. Croix County Tax Rate
1.50%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Houlton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54082 | 1.08% | 1.17% | 1.26% | 1.28% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Houlton, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Houlton, Wisconsin. 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 St. Croix 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 Houlton, 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 Houlton is $416,550, with tax bills ranging from $2,326 at the 25th percentile to $9,703 at the 90th percentile. The highest and lowest median tax bills are both $5,018 in the 54082 zip code. Understanding these valuation concepts helps property owners navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Houlton Assessed Value
$416,550
Average St. Croix County Assessed Value
$270,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Houlton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54082 | $117,200 | $191,875 | $416,550 | $573,700 | $772,850 |
Source: Ownwell
Property Tax Bills Across Houlton, Wisconsin
In Houlton, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to generate the annual property tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. For instance, the median home price in Houlton is $416,550, which serves as a benchmark for calculating property taxes. Homeowners in Houlton can expect varying tax bills depending on their property's assessed value. The tax bill for the 25th percentile is $2,326, while it climbs to $7,018 for the 75th percentile and reaches $9,703 for the 90th percentile. These figures highlight the range of property tax burdens that residents may experience. The highest and lowest median tax bills in the area both stand at $5,018, reflecting the specific zip code 54082. Compared to the national median property tax rate of 0.99%, Houlton's property taxes can significantly impact household budgets.
Average Houlton Tax Bill
$5,018
Average St. Croix County Tax Bill
$3,981
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Houlton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54082 | $1,484 | $2,326 | $5,018 | $7,018 | $9,703 |
Source: Ownwell