Princeton, Marquette County, Wisconsin Property Taxes

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

Median Princeton, WI effective property tax rate: 1.26%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Princeton, WI home value: $433,950
Median annual Princeton, WI tax bill: $5,479, $3,079 higher than the national median property tax bill of $2,400.

How are property taxes in Marquette calculated?

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

Last Updated March 1, 2025

Princeton, Marquette County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.26%

Estimate Property Tax Bill

$5,468

$5,074

Ownwell’s Princeton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Princeton with just two data points. By entering your property's estimated assessed value, our calculator applies Princeton’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Princeton, Marquette County, Wisconsin

Local government entities determine tax rates, leading to significant variation within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable properties in their area. This process results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

Princeton in Marquette County, Wisconsin, exemplifies this system. The effective property tax rate here is a reflection of the county's budgetary needs and the total assessed property value. Compared to the national median property tax rate of 1.02%, Wisconsin's median rate stands at 1.26%, indicating a higher rate than the national average. This difference underscores the variability in property tax rates across different regions.

Understanding how these rates are determined helps property owners anticipate their annual tax obligations and consider potential savings through appeals or exemptions. By comparing Princeton's effective property tax rate to other cities in Wisconsin and national figures, residents can better understand their local tax landscape.

Property Tax Rates Across Princeton, Marquette County, Wisconsin

Source: Ownwell

1.28%

1.35%

1.43%

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 Princeton Tax Rate

1.26%

Median Effective Marquette County Tax Rate

1.32%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Princeton, Marquette County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
54968	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Princeton, Marquette County, Wisconsin

When examining property taxes in Princeton, Wisconsin, 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. Assessment notices: 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 Princeton. For example, the median home price in Princeton is $433,950, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Princeton, Marquette County, Wisconsin

Source: Ownwell

$97,100

$269,000

$440,900

Median Princeton Market Value

$433,950

Median Marquette County Market Value

$127,100

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Princeton, Marquette County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
54968	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Princeton, Marquette County, Wisconsin

In Princeton, 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 median home price in the area is $433,950, and homeowners can expect varying tax bills depending on their property's assessed value. With a tax bill at the 25th percentile at $4,002 and at the 75th percentile reaching $6,604, the tax burden can be significant, especially when compared to the national median property tax bill of $2,400. These figures highlight the importance of accurate property assessments, as they directly influence the amount homeowners are required to pay.

Homeowners in Princeton can benefit from services that ensure their property is assessed fairly. Ownwell offers expert property tax appeal and exemption services to help reduce tax burdens. By analyzing property data and identifying potential discrepancies in assessments, Ownwell assists homeowners in securing lower property tax bills, providing significant savings and peace of mind.

Property Tax Bills Across Princeton, Marquette County, Wisconsin

Source: Ownwell

$1,392

$3,522

$5,651

Median Princeton Tax Bill

$5,479

Median Marquette County Tax Bill

$1,806

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Princeton, Marquette County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
54968	N/A	N/A	N/A	N/A	N/A

Source: Ownwell