Markesan, Marquette County, Wisconsin Property Taxes

Name: Property Tax Bills Across Markesan, Marquette County, Wisconsin
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Markesan, WI effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Markesan, WI home value: $258,100
Median annual Markesan, WI tax bill: $2,463, $63 higher than the national median property tax bill of $2,400.

How are property taxes in Marquette calculated?

Property taxes in Markesan, 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 Markesan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Markesan, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Markesan, Marquette County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$2,876

$2,669

Ownwell’s Markesan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Markesan with just two data points. By entering your property's estimated assessed value, our calculator applies Markesan’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Marquette County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Markesan, Marquette County, Wisconsin

Local government entities set tax rates, which can vary widely within a state. 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 Markesan, located in Marquette County, Wisconsin, the effective property tax rate is a reflection of this process. Compared to the national median property tax rate of 1.02%, Wisconsin's median tax rate of 0.95% is slightly lower, offering some reprieve to property owners. However, property taxes can vary significantly across different cities and counties within the state.

Markesan's property tax rate can be compared to other cities in Wisconsin to understand regional differences. While some areas might have higher rates due to local budgetary needs, others may benefit from lower rates. Understanding these variations can provide valuable insights for property owners looking to make informed decisions about their real estate investments.

Property Tax Rates Across Markesan, Marquette County, Wisconsin

Source: Ownwell

1.22%

1.27%

1.31%

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 Markesan Tax Rate

0.92%

Median Effective Marquette County Tax Rate

1.24%

Median Effective Wisconsin Tax Rate

1.43%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Markesan, Marquette County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
53946	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Markesan, Marquette County, Wisconsin

When examining property taxes in Markesan, 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 Marquette 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 Marquette 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 Markesan. For example, the median home price in Markesan is $258,100, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Markesan, Marquette County, Wisconsin

Source: Ownwell

$117,600

$314,125

$510,650

Median Markesan Market Value

$312,600

Median Marquette County Market Value

$143,700

Median Wisconsin Market Value

$237,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Markesan, Marquette County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
53946	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Markesan, Marquette County, Wisconsin

In Markesan, located in Marquette County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is then applied to this assessed value to calculate the annual tax bill. With a median home price of $258,100, homeowners in Markesan may find their property tax bills aligning closely with the national median tax bill of $2,400. This can be attributed to the local tax rate and valuation methods. Factors such as property improvements, neighborhood changes, and market conditions can influence a home's assessed value, impacting the tax bill. High property taxes can be a financial burden for homeowners, but Ownwell offers a solution. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners potentially reduce their tax bills. This involves analyzing the assessed value, identifying discrepancies, and advocating for fair assessments, ensuring homeowners pay only what is necessary.

Property Tax Bills Across Markesan, Marquette County, Wisconsin

Source: Ownwell

$1,573

$3,965

$6,356

Median Markesan Tax Bill

$2,872

Median Marquette County Tax Bill

$1,909

Median Wisconsin Tax Bill

$3,453

Median United States Tax Bill

$2,400

Property Tax Bills Across Markesan, Marquette County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
53946	N/A	N/A	N/A	N/A	N/A

Source: Ownwell