Hudson, Wisconsin Property Taxes
The median property tax rate in Hudson, WI is 1.45%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Hudson, the typical annual property tax bill reaches $4,769, significantly exceeding the national median of $2,690. Property taxes in Hudson 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 Hudson'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 Hudson 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
Hudson, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$4,747
Ownwell’s Hudson Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers aiming to estimate their annual property taxes in Hudson. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Hudson to provide an accurate estimate of your property tax bill. This valuable resource aids in understanding potential tax liabilities. For those interested in more granular data, additional localized information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Hudson, Wisconsin
Property taxes in Hudson, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hudson is 1.45%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Hudson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hudson 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 Hudson's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54016 zip code has the highest median property tax rate of 1.45%, while the 54016 zip code also has the lowest median tax rate of 1.45%. Understanding how these areas compare with Hudson 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 Hudson Tax Rate
1.45%
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 Hudson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54016 | 1.15% | 1.31% | 1.45% | 1.63% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Hudson, Wisconsin
In Hudson, 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 St. Croix 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 Hudson, 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 Hudson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Hudson are both $4769, found in the 54016 zip code.
Average Hudson Assessed Value
$327,400
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 Hudson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54016 | $188,000 | $248,700 | $327,400 | $438,775 | $615,270 |
Source: Ownwell
Property Tax Bills Across Hudson, Wisconsin
In Hudson, located in St. Croix 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 and reflects the market value of the property. Homeowners in Hudson experience a variety of tax bills depending on their property's assessed value. For instance, the median home price in Hudson is $327,400, and tax bills vary widely across different percentiles. At the 25th percentile, homeowners can expect a tax bill of approximately $3,722, while those in the 75th percentile may see bills around $6,320. The 90th percentile tax bill reaches up to $8,021. The highest median tax bill in the area is $4,769, which is above the national median property tax rate of 0.99%. These property taxes significantly impact homeowners by influencing their annual financial planning and the overall cost of homeownership in Hudson.
Average Hudson Tax Bill
$4,769
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 Hudson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54016 | $2,925 | $3,722 | $4,769 | $6,320 | $8,021 |
Source: Ownwell