Wood County Property Taxes
The median property tax rate in Wood County is 1.75%, which is significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Wood County, the typical annual property tax bill reaches $2,331, slightly below the national median of $2,690. Property taxes in Wood County are calculated based on the assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Wood County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Marshfield or another part of Wood County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wood County 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 Wood County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wood County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wood County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Wood County, Wisconsin
Property taxes in Wood County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wood County is 1.75%, which is higher than the U.S. national median of 0.99%. Local government entities within Wood County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wood County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Port Edwards has one of the higher property tax rates in the region at 2.14%, while the city of Babcock boasts one of the lowest at 1.16%. Analyzing how Wood County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wood County Tax Rate
1.75%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wood County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arpin | 1.10% | 1.19% | 1.25% | 1.32% | 1.39% |
| Auburndale | 1.10% | 1.16% | 1.24% | 1.37% | 1.42% |
| Babcock | 0.90% | 1.05% | 1.16% | 1.22% | 1.26% |
| Chili | 1.24% | 1.32% | 1.37% | 1.42% | 1.45% |
| Hewitt | 1.27% | 1.31% | 1.34% | 1.37% | 1.39% |
| Junction City | 1.11% | 1.16% | 1.26% | 1.47% | 1.55% |
| Marshfield | 1.33% | 1.70% | 1.82% | 1.89% | 1.94% |
| Milladore | 1.11% | 1.20% | 1.28% | 1.35% | 1.42% |
| Nekoosa | 1.25% | 1.36% | 1.51% | 2.35% | 2.52% |
| Pittsville | 1.05% | 1.16% | 1.25% | 1.82% | 1.98% |
| Port Edwards | 1.96% | 2.06% | 2.14% | 2.21% | 2.27% |
| Rudolph | 1.05% | 1.15% | 1.28% | 1.35% | 1.40% |
| Vesper | 1.14% | 1.25% | 1.34% | 1.41% | 1.48% |
| Wisconsin Rapids | 1.24% | 1.32% | 1.86% | 2.07% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Wood County, Wisconsin
In Wood County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Wood County Appraisal District. The assessed value, however, 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. Assessment notices in Wood County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the highest median tax bill in the county is $3,099 in Chili, while the lowest is $903 in Babcock. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Wood County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Wood County Assessed Value
$143,800
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wood County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arpin | $58,380 | $95,200 | $168,100 | $236,850 | $306,060 |
| Auburndale | $83,080 | $120,400 | $169,600 | $222,600 | $280,840 |
| Babcock | $21,140 | $42,300 | $74,200 | $131,300 | $194,880 |
| Chili | $105,000 | $149,900 | $223,300 | $316,100 | $396,840 |
| Hewitt | $113,180 | $155,275 | $198,800 | $264,850 | $305,050 |
| Junction City | $78,350 | $119,600 | $167,800 | $232,425 | $241,270 |
| Marshfield | $96,200 | $123,900 | $169,300 | $225,550 | $306,860 |
| Milladore | $47,800 | $87,650 | $134,400 | $180,450 | $234,300 |
| Nekoosa | $53,020 | $81,800 | $118,400 | $170,500 | $223,800 |
| Pittsville | $37,320 | $84,600 | $138,500 | $210,600 | $289,620 |
| Port Edwards | $74,720 | $97,850 | $125,850 | $166,050 | $216,190 |
| Rudolph | $60,660 | $110,500 | $150,900 | $212,300 | $280,680 |
| Vesper | $59,700 | $101,300 | $151,000 | $199,850 | $277,700 |
| Wisconsin Rapids | $60,200 | $87,000 | $129,100 | $190,000 | $272,600 |
Source: Ownwell
Property Tax Bills Across Wood County, Wisconsin
In Wood County, WI, 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 estimate the market value of the property. This value is then multiplied by the tax rate set by local taxing authorities, which can include county, city, and school districts. Homeowners in Wood County see a range of tax bills depending on their property's assessed value. For example, the 25th percentile tax bill is $1,651, while the 75th percentile tax bill is $3,312, and the 90th percentile tax bill reaches $4,498. The highest median tax bill in the county is $3,099 in Chili, while the lowest is $903 in Babcock. Given that the national median property tax rate is 0.99%, homeowners in Wood County may find their tax bills vary significantly based on location and property value, impacting their annual financial planning and homeownership costs.
Average Wood County Tax Bill
$2,331
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Wood County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arpin | $671 | $1,225 | $2,115 | $3,031 | $3,959 |
| Auburndale | $1,003 | $1,458 | $2,104 | $2,881 | $3,588 |
| Babcock | $176 | $489 | $903 | $1,554 | $2,343 |
| Chili | $1,273 | $1,982 | $3,099 | $4,283 | $5,727 |
| Hewitt | $1,467 | $2,026 | $2,644 | $3,617 | $4,208 |
| Junction City | $982 | $1,363 | $2,314 | $3,084 | $3,587 |
| Marshfield | $1,619 | $2,129 | $2,969 | $3,927 | $5,308 |
| Milladore | $550 | $1,085 | $1,678 | $2,374 | $3,127 |
| Nekoosa | $804 | $1,439 | $2,120 | $2,926 | $3,899 |
| Pittsville | $431 | $1,141 | $1,938 | $2,915 | $4,044 |
| Port Edwards | $1,474 | $2,026 | $2,636 | $3,543 | $4,708 |
| Rudolph | $660 | $1,261 | $1,950 | $2,771 | $3,747 |
| Vesper | $705 | $1,334 | $2,002 | $2,698 | $3,826 |
| Wisconsin Rapids | $1,070 | $1,575 | $2,173 | $3,020 | $4,249 |
Source: Ownwell