Westfield, Wisconsin Property Taxes
The median property tax rate in Westfield, WI is 1.25%, 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 $420,100 in Westfield, the typical annual property tax bill reaches $5,256, significantly exceeding the national median of $2,690. Property taxes in Westfield are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Westfield'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 Westfield 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
Westfield, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$5,251
$4,873
Ownwell’s Westfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westfield 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 Westfield, Wisconsin
Property taxes in Westfield, Wisconsin, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Westfield is 1.25%, higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Westfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westfield 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 Westfield's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53964 zip code has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Westfield 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 Westfield Tax Rate
1.25%
Average Waushara County Tax Rate
1.26%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53964 | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Westfield, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Westfield, Wisconsin. 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 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 Westfield, 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 Westfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 53964, with a tax bill of $5,256.00, which is also the lowest median tax bill in the area.
Average Westfield Assessed Value
$420,100
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 Westfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53964 | $420,100 | $420,100 | $420,100 | $420,100 | $420,100 |
Source: Ownwell
Property Tax Bills Across Westfield, Wisconsin
In Westfield, Waushara County, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the city’s assessor, who evaluates the property’s market value. This assessment is then multiplied by the local tax rate to calculate the annual property tax bill. For Westfield, the median home price is $420,100, and homeowners typically face a tax bill around $5,256, which is consistent across different percentiles. Several factors influence the tax bill, including property characteristics, market conditions, and local government budgets. Unlike the national median property tax rate of 0.99%, the effective tax rate in Westfield results in a higher median tax bill, reflecting the city’s specific fiscal needs and property values. For homeowners, this means a significant annual expense that must be factored into their overall housing costs, potentially influencing decisions about buying or selling property in the area.
Average Westfield Tax Bill
$5,256
Average Waushara County Tax Bill
$2,143
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Westfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53964 | $5,256 | $5,256 | $5,256 | $5,256 | $5,256 |
Source: Ownwell