Weyauwega, Wisconsin Property Taxes
The median property tax rate in Weyauwega, WI is 1.42%, 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 $102,650 in Weyauwega, the typical annual property tax bill reaches $1,293, which is below the national median of $2,690. Property taxes in Weyauwega 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 Weyauwega'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 Weyauwega 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
Weyauwega, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,458
$1,353
Ownwell’s Weyauwega Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weyauwega with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weyauwega 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 Weyauwega, Wisconsin
Property taxes in Weyauwega, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weyauwega is 1.42%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Weyauwega set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weyauwega 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 Weyauwega's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54983 has both the highest and lowest median property tax rate of 1.42%. Understanding how these areas compare with Weyauwega 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 Weyauwega Tax Rate
1.42%
Average Waushara County Tax Rate
1.26%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weyauwega, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54983 | 1.21% | 1.30% | 1.42% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Weyauwega, Wisconsin
In Weyauwega, 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 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 Weyauwega, 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 Weyauwega helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1,293, found in the zip code 54983.
Average Weyauwega Assessed Value
$102,650
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 Weyauwega, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54983 | $67,180 | $84,550 | $102,650 | $146,975 | $211,550 |
Source: Ownwell
Property Tax Bills Across Weyauwega, Wisconsin
In Weyauwega, located in Waushara County, WI, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $102,650, homeowners can expect varying tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is around $1,026, while at the 75th percentile, it rises to approximately $2,068. The 90th percentile sees tax bills reaching up to $3,098. Several factors influence your property tax bill, including changes in the assessed value of your home, local government budgets, and public service funding needs. The tax rate in Weyauwega is reflective of the community's requirements for schools, infrastructure, and other essential services. Compared to the national median property tax rate of 0.99%, Weyauwega's rates can significantly impact homeowners, making it crucial to understand how these taxes are determined. Homeowners should regularly review their property's assessed value to ensure they are being taxed fairly.
Average Weyauwega Tax Bill
$1,293
Average Waushara County Tax Bill
$2,143
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Weyauwega, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54983 | $910 | $1,026 | $1,293 | $2,068 | $3,098 |
Source: Ownwell