Hayward, Wisconsin Property Taxes
The median property tax rate in Hayward, WI is 0.78%, notably lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Hayward at $90,700, the typical annual property tax bill amounts to $706, significantly below the national median of $2,690. Property taxes in Hayward are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Hayward'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 Hayward 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
Hayward, 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 Hayward Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hayward with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hayward 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 Hayward, Wisconsin
Property taxes in Hayward, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Hayward is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Hayward set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hayward 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 Hayward's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54843 has the highest median property tax rate of 0.78%, and the lowest median tax rate is also 0.78% in the same zip code. Understanding how these figures compare with Hayward provides valuable insights into the varying tax landscape across Washburn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hayward Tax Rate
0.78%
Average Washburn County Tax Rate
1.18%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hayward, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54843 | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Hayward, Wisconsin
In Hayward, 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 Washburn 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. 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 Hayward helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 54843, both at $706, which is significantly lower than the national median property tax rate of 0.99%.
Average Hayward Assessed Value
$90,700
Average Washburn County Assessed Value
$126,300
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hayward, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54843 | $90,700 | $90,700 | $90,700 | $90,700 | $90,700 |
Source: Ownwell
Property Tax Bills Across Hayward, Wisconsin
In Hayward, located in Washburn County, WI, property tax bills are calculated based on the assessed value of a home. The median home price in this area stands at $90,700. Tax assessors determine the property's assessed value by considering various factors such as the property's market value, location, and condition. Once the assessed value is established, the tax rate is applied to calculate the annual property tax bill. In Hayward, the property tax rate is relatively lower than the national median property tax rate of 0.99%. Homeowners in this area typically see a consistent property tax bill of $706 across different percentiles, including the 25th, 75th, and 90th percentiles. This uniformity in tax bills suggests a stable and predictable tax environment, which can be beneficial for homeowners planning their annual budgets. Understanding how these factors interplay helps homeowners anticipate their financial commitments and make informed decisions about property investments in Hayward.
Average Hayward Tax Bill
$706
Average Washburn County Tax Bill
$1,472
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hayward, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54843 | $706 | $706 | $706 | $706 | $706 |
Source: Ownwell