Poy Sippi, Wisconsin Property Taxes
The median property tax rate in Poy Sippi, WI is 1.44%, which is significantly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $81,000 in Poy Sippi, the typical annual property tax bill amounts to $1,170, falling short of the national median of $2,690. Property taxes in Poy Sippi are determined based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Poy Sippi's property tax system, exploring available exemptions, and finding opportunities for reductions can lead to considerable annual savings. Whether you're residing in the heart of Poy Sippi or another part of Waushara County, familiarizing yourself with the local property tax system will be advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Poy Sippi, 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 POY SIPPI Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in POY SIPPI with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in POY SIPPI 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 Waushara County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Poy Sippi, Wisconsin
Property taxes in Poy Sippi, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Poy Sippi is 1.44%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Poy Sippi set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poy Sippi 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 Poy Sippi's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54967 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Poy Sippi 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 Poy Sippi Tax Rate
1.44%
Average Waushara County Tax Rate
1.26%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poy Sippi, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54967 | 1.40% | 1.44% | 1.44% | 1.45% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Poy Sippi, Wisconsin
In Poy Sippi, 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 local 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 Poy Sippi, 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. The median home price in Poy Sippi is $81,000, and the median tax bill in the zip code 54967 is $1,170. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Poy Sippi Assessed Value
$81,000
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 Poy Sippi, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54967 | $59,100 | $77,300 | $81,000 | $83,500 | $226,000 |
Source: Ownwell
Property Tax Bills Across Poy Sippi, Wisconsin
In Poy Sippi, located in Waushara County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $81,000, and property taxes are a significant consideration for homeowners. The tax rate in Waushara County is influenced by various factors, including local government budgets, school funding requirements, and public services. To determine the tax bill, the assessed value of the property is multiplied by the local tax rate. For example, homeowners in the 25th percentile pay around $1,113, while those in the 75th percentile see bills of about $1,208. At the higher end, the 90th percentile tax bill can reach up to $3,424. The highest and lowest median tax bills in the area both stand at $1,170 in the 54967 zip code. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual expenses, influencing decisions related to homeownership and long-term financial planning.
Average Poy Sippi Tax Bill
$1,170
Average Waushara County Tax Bill
$2,143
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Poy Sippi, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54967 | $834 | $1,113 | $1,170 | $1,208 | $3,424 |
Source: Ownwell