Wisconsin Rapids, Wood County, Wisconsin Property Taxes
Median Wisconsin Rapids, WI effective property tax rate: 1.86%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Wisconsin Rapids, WI home value: $129,100
Median annual Wisconsin Rapids, WI tax bill: $2,173, $227 lower than the national median property tax bill of $2,400.
How are property taxes in Wood County calculated?
Property taxes in Wisconsin Rapids, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Wisconsin Rapids’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wisconsin Rapids, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wisconsin Rapids, Wood County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.86%
Estimate Property Tax Bill
$2,401
$2,228
Property Tax Rates Across Wisconsin Rapids, Wood County, Wisconsin
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Wisconsin Rapids’ effective property tax rate to other cities in Wisconsin and the median property tax rates in Wisconsin and the U.S.
In Wisconsin Rapids, located in Wood County, the property tax landscape is distinct. The city's effective property tax rate is higher than the national median of 1.02%, reflecting the state's robust public service commitments. Within Wisconsin, Wisconsin Rapids’ rate can be compared to the state’s median rate of 1.86%. The highest median tax rate in the area is 1.94% in the 54495 zip code, while the lowest is 1.75% in the 54494 zip code. These variations highlight the diversity in property tax rates even within a single county. Understanding these differences can empower property owners to make informed decisions about property tax appeals and exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Wisconsin Rapids Tax Rate
1.86%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Wood County Tax Rate
1.75%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wisconsin Rapids, Wood County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54494 | 1.24% | 1.31% | 1.75% | 2.06% | 2.18% |
| 54495 | 1.24% | 1.35% | 1.94% | 2.12% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Wisconsin Rapids, Wood County, Wisconsin
When examining property taxes in Wisconsin Rapids, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Wood County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Wood County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Wisconsin Rapids.
For example, the median home price in Wisconsin Rapids is $129,100, with tax bills ranging significantly across the county. Zip code 54494 has the highest median home price at $138,600.
Property Tax Assessment Values Across Wisconsin Rapids, Wood County, Wisconsin
Source: Ownwell
$74,200
$148,750
$223,300
Median Wisconsin Rapids Market Value
$129,100
Median Wood County Market Value
$143,800
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wisconsin Rapids, Wood County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54494 | $63,700 | $93,400 | $138,600 | $199,700 | $284,510 |
| 54495 | $53,670 | $72,600 | $99,800 | $147,700 | $213,530 |
Source: Ownwell
Property Tax Bills Across Wisconsin Rapids, Wood County, Wisconsin
In Wisconsin Rapids, located in Wood County, property tax bills are determined by the assessed value of a property multiplied by the local tax rate. This process considers several factors, including the property's market value and the specific tax rate set by local authorities. Homeowners in Wisconsin Rapids typically face property tax bills that can vary significantly, with amounts ranging from $1,575 at the 25th percentile to $4,249 at the 90th percentile. The median tax bill in the area is $2,266, which is slightly below the national median of $2,400. These variations can significantly impact homeowners' finances and their ability to manage annual expenses.
Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing individual property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax bills. This service is particularly valuable for those in Wisconsin Rapids looking to ensure their property is fairly assessed and to minimize their financial burden, ultimately leading to significant savings.
Median Wisconsin Rapids Tax Bill
$2,173
Median Wood County Tax Bill
$2,331
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Wisconsin Rapids, Wood County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54494 | $1,115 | $1,659 | $2,266 | $3,167 | $4,438 |
| 54495 | $965 | $1,364 | $1,828 | $2,507 | $3,357 |
Source: Ownwell