Owen, Taylor County, Wisconsin Property Taxes
The median property tax rate in Owen, WI is 1.43%, which is 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 Owen at $114,200, the typical annual property tax bill reaches $1,622, falling below the national median of $2,690. Property taxes in Owen are calculated based on the assessed value, which typically falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Owen'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 Owen 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
Owen, Taylor County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$1,633
$1,515
Ownwell’s Owen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Owen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Owen 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 Owen, Taylor County, Wisconsin
Property taxes in Owen, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Owen is 1.43%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Owen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Owen 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 Owen's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54460 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Owen provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Owen Tax Rate
1.43%
Average Taylor County Tax Rate
1.43%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Owen, Taylor County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54460 | 1.16% | 1.29% | 1.43% | 1.49% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Owen, Taylor County, Wisconsin
In Owen, 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 Taylor 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 Owen, 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 Owen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 54460 has the highest median tax bill at $1,622, which can serve as a benchmark for local comparisons.
Property Tax Assessment Values Across Owen, Taylor County, Wisconsin
Source: Ownwell
$79,950
$110,725
$141,500
Average Owen Assessed Value
$114,200
Average Taylor County Assessed Value
$122,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Owen, Taylor County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54460 | $41,850 | $68,075 | $114,200 | $176,950 | $229,900 |
Source: Ownwell
Property Tax Bills Across Owen, Taylor County, Wisconsin
In Owen, located in Taylor 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 Owen face varying tax bills, influenced by the assessed property value and the specific tax rate applied. For instance, the median home price in Owen is $114,200. Property tax bills in the area can range significantly, with the 25th percentile tax bill at $893 and the 75th percentile tax bill reaching $2,459. Those at the 90th percentile can see tax bills as high as $3,341. These figures indicate how property tax bills can vary widely even within the same locality, impacting homeowners differently based on their property's assessed value. Compared to the national median property tax rate of 0.99%, Owen's tax bills reflect the local economic conditions and funding needs. Homeowners need to be aware of these factors as they directly affect annual financial obligations tied to property ownership.
Average Owen Tax Bill
$1,622
Average Taylor County Tax Bill
$1,816
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Owen, Taylor County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54460 | $550 | $893 | $1,622 | $2,459 | $3,341 |
Source: Ownwell