Redgranite, Wisconsin Property Taxes
The median property tax rate in Redgranite, WI is 1.24%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Redgranite at $83,500, the typical annual property tax bill amounts to $1,088, falling below the national median of $2,690. Property taxes in Redgranite are determined based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Redgranite'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 Redgranite 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
Redgranite, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,035
Ownwell’s Redgranite Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Redgranite with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Redgranite 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 Redgranite, Wisconsin
Property taxes in Redgranite, Wisconsin, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Redgranite is 1.24%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Redgranite set these rates annually, and they can vary significantly across different neighborhoods. Each year, Redgranite 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 Redgranite's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54970 zip code has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Redgranite 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 Redgranite Tax Rate
1.24%
Average Waushara County Tax Rate
1.26%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Redgranite, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54970 | 1.12% | 1.17% | 1.24% | 1.67% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Redgranite, Wisconsin
In Redgranite, 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 Waushara 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 Redgranite, 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 Redgranite helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Redgranite is $83,500, with tax bills ranging from $736 at the 25th percentile to $7,339 at the 90th percentile. The zip code 54970 has the highest and lowest median tax bill at $1,088.
Average Redgranite Assessed Value
$83,500
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 Redgranite, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54970 | $38,220 | $50,050 | $83,500 | $260,150 | $572,640 |
Source: Ownwell
Property Tax Bills Across Redgranite, Wisconsin
In Redgranite, property tax bills are calculated based on the assessed value of a home. The assessment process evaluates properties to determine their market value, which serves as the basis for taxation. For homeowners, the tax bill is a reflection of the assessed value multiplied by the local tax rate. The median home price in Redgranite is $83,500, and property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $736, while those at the 75th percentile could see bills as high as $3,375. The 90th percentile reaches up to $7,339, indicating substantial variability based on property value and assessment accuracy. Compared to the national median property tax rate of 0.99%, Redgranite's rates are influenced by local factors, including municipal budgets and public service funding needs. This variability means that homeowners need to be aware of how their property is assessed and the potential for fluctuations in their tax bills. Understanding these factors can help homeowners better manage their finances and anticipate changes in their annual property tax obligations.
Average Redgranite Tax Bill
$1,088
Average Waushara County Tax Bill
$2,143
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Redgranite, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54970 | $519 | $736 | $1,088 | $3,375 | $7,339 |
Source: Ownwell