Pine River, Wisconsin Property Taxes
The median property tax rate in Pine River, WI is 1.28%, considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $134,600 in Pine River, the typical annual property tax bill reaches $1,915, which is below the national median of $2,690. Property taxes in Pine River are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Pine River'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 Pine River 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
Pine River, 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 Pine River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine River 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 Pine River, Wisconsin
Property taxes in Pine River, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine River is 1.28%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Pine River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine River 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 Pine River's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54965 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these areas compare with Pine River provides valuable insights into the varying tax landscape across Waushara County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pine River Tax Rate
1.28%
Average Waushara County Tax Rate
1.26%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine River, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54965 | 1.19% | 1.24% | 1.28% | 1.35% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Pine River, Wisconsin
In Pine River, 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 county 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 Pine River, 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 Pine River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pine River is $134,600, with tax bills ranging from $1,302 at the 25th percentile to $3,426 at the 90th percentile. The highest and lowest median tax bills both come from zip code 54965, with a value of $1,915.
Average Pine River Assessed Value
$134,600
Average Waushara County Assessed Value
$163,950
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine River, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54965 | $38,500 | $99,900 | $134,600 | $192,400 | $266,860 |
Source: Ownwell
Property Tax Bills Across Pine River, Wisconsin
In Pine River, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. Homeowners in Pine River experience a range of property tax bills, with the 25th percentile paying around $1,302 and the 75th percentile seeing bills as high as $2,751. For those at the 90th percentile, tax bills can reach up to $3,426. These figures are influenced by the median home price in the area, which stands at $134,600. The tax rate in Pine River is compared to the national median property tax rate of 0.99%, which provides context for understanding local tax burdens. Homeowners in Pine River should be aware that their property taxes fund essential community services such as schools, roads, and emergency services. Understanding how these taxes are calculated can help homeowners anticipate their financial responsibilities and plan accordingly.
Average Pine River Tax Bill
$1,915
Average Waushara County Tax Bill
$2,143
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine River, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54965 | $469 | $1,302 | $1,915 | $2,751 | $3,426 |
Source: Ownwell