Merrill, Marathon County, Wisconsin Property Taxes
Median Merrill, WI effective property tax rate: 1.68%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Merrill, WI home value: $194,100
Median annual Merrill, WI tax bill: $3,156, $756 higher than the national median property tax bill of $2,400.
How are property taxes in Marathon calculated?
Property taxes in Merrill, 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 Merrill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Merrill, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Merrill, Marathon County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.68%
Estimate Property Tax Bill
$3,261
$3,026
Property Tax Rates Across Merrill, Marathon County, Wisconsin
Local government entities determine property tax rates, which can significantly differ across regions. This variation is due to each county's annual budget estimation process, which involves calculating the necessary funds to maintain services and dividing this by the total taxable property value within the jurisdiction. This process establishes the property tax rate. While legislative actions and public votes influence these rates, this is the core of the annual procedure.
In Merrill, located in Marathon County, the effective property tax rate is a reflection of this process. When compared to other cities in Wisconsin and the national median, Merrill's rate offers a unique perspective on local tax obligations. The median property tax rate in Wisconsin is higher than the national median, highlighting the state's approach to funding public services through property taxes. Understanding these rates can provide valuable insights for property owners, helping them make informed decisions about property investments and tax appeals.
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 Merrill Tax Rate
1.68%
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 Marathon County Tax Rate
1.64%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Merrill, Marathon County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54452 | 1.40% | 1.52% | 1.68% | 1.72% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Merrill, Marathon County, Wisconsin
When examining property taxes in Merrill, 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 Marathon 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 Marathon 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 Merrill.
For example, the median home price in Merrill is $194,100, with tax bills ranging significantly across the county. Zip code 54452 has the highest median home price at $194,100.
Property Tax Assessment Values Across Merrill, Marathon County, Wisconsin
Source: Ownwell
$15,598
$132,757
$249,915
Median Merrill Market Value
$194,100
Median Marathon County Market Value
$164,200
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Merrill, Marathon County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54452 | $26,508 | $130,030 | $194,100 | $263,578 | $343,335 |
Source: Ownwell
Property Tax Bills Across Merrill, Marathon County, Wisconsin
In Merrill, located within Marathon County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Merrill is $194,100. Homeowners can expect a tax bill that varies significantly, with the 25th percentile paying around $1,976 and the 75th percentile facing a bill of approximately $4,298. At the 90th percentile, the tax bill can reach up to $5,751. These figures highlight the variability in tax burdens, which are influenced by factors such as property location and value assessments. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Merrill's tax bills can be substantially higher.
Ownwell offers valuable assistance to homeowners seeking to reduce their property tax bills. By leveraging expert knowledge in property tax appeals and exemptions, Ownwell can identify potential savings opportunities, ensuring that homeowners in Merrill pay only their fair share. This proactive approach can lead to significant cost savings and financial relief for local property owners.
Median Merrill Tax Bill
$3,156
Median Marathon County Tax Bill
$2,706
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Merrill, Marathon County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54452 | $450 | $1,976 | $3,156 | $4,298 | $5,751 |
Source: Ownwell