Merrimac, Columbia County, Wisconsin Property Taxes
Median MERRIMAC, WI effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median MERRIMAC, WI home value: $183,562
Median annual MERRIMAC, WI tax bill: $2,216, $184 lower than the national median property tax bill of $2,400.
How are property taxes in Columbia calculated?
Property taxes in MERRIMAC, 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 MERRIMAC’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MERRIMAC, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Merrimac, Columbia County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.24%
Estimate Property Tax Bill
$2,276
$2,112
Property Tax Rates Across Merrimac, Columbia County, Wisconsin
Local government entities set tax rates, which can vary widely within a state. Why? Because 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.
In Merrimac, located in Columbia County, WI, the effective property tax rate is 1.24%, which aligns with the highest and lowest median tax rates in the county, both recorded at 1.24% in the 53561 zip code. This rate is slightly above the national median property tax rate of 1.02%. The median property tax rate in Wisconsin also stands at 1.24%, indicating a uniformity within the state.
When compared to the national median property tax bill of $2400, Merrimac's property tax rate suggests a slightly higher financial obligation for property owners. Understanding these rates can help property owners in Merrimac make informed decisions about property tax appeals and exemptions, potentially leading to significant savings.
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 Merrimac Tax Rate
1.24%
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 Columbia County Tax Rate
1.43%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Merrimac, Columbia County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53561 | 1.07% | 1.12% | 1.24% | 1.26% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Merrimac, Columbia County, Wisconsin
When examining property taxes in Merrimac, 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 Columbia 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 Columbia 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 Merrimac. For example, the median home price in Merrimac is $183,562, with tax bills ranging significantly across the county. Zip code 53561 has the highest median home price at $183,562.
Property Tax Assessment Values Across Merrimac, Columbia County, Wisconsin
Source: Ownwell
$127,755
$236,353
$344,951
Median Merrimac Market Value
$183,562
Median Columbia County Market Value
$201,380
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Merrimac, Columbia County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53561 | $106,159 | $138,300 | $183,562 | $327,662 | $476,392 |
Source: Ownwell
Property Tax Bills Across Merrimac, Columbia County, Wisconsin
Property tax bills in Merrimac, Columbia County, WI, are determined by the assessed value of a property and the local tax rate. The median home price stands at $183,562, with tax bills ranging significantly. Homeowners at the 25th percentile pay approximately $1,528, while those at the 75th percentile face bills around $4,089. At the 90th percentile, tax bills can reach up to $6,054. The local tax rate, combined with the assessed value, determines the final bill. This can be a substantial financial burden, especially when compared to the national median property tax bill of $2,400. The highest and lowest median tax bills within the Columbia County area both stand at $2,216, indicating a relatively consistent tax landscape.
Ownwell assists homeowners in reducing their property tax bills by evaluating their property's assessed value and identifying potential savings. Through expert analysis and appeal services, Ownwell helps ensure that homeowners are not overpaying, providing peace of mind and financial relief.
Median Merrimac Tax Bill
$2,216
Median Columbia County Tax Bill
$2,882
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Merrimac, Columbia County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53561 | $1,157 | $1,528 | $2,216 | $4,089 | $6,054 |
Source: Ownwell