Phillips, Price County, Wisconsin Property Taxes
Median Phillips, 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 Phillips, WI home value: $105,900
Median annual Phillips, WI tax bill: $1,784, $616 lower than the national median property tax bill of $2,400.
How are property taxes in Price calculated?
Property taxes in Phillips, 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 Phillips’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Phillips, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Phillips, Price County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.68%
Estimate Property Tax Bill
$1,779
$1,651
Property Tax Rates Across Phillips, Price County, Wisconsin
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Phillips, located in Price County, Wisconsin, the effective property tax rate is 1.68%. This rate is significantly higher than the national median property tax rate of 1.02%, highlighting the local variations within the state. Compared to other cities in Wisconsin, Phillips maintains a consistent rate, with no higher or lower variations noted within its zip code. This stability in the tax rate can be beneficial for property owners seeking predictability in their annual tax bills.
When comparing Phillips to the broader national landscape, the higher tax rate may seem daunting. However, it reflects the community's commitment to funding local services and infrastructure, ensuring a well-maintained environment for its residents.
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 Phillips 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 Price County Tax Rate
1.67%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Phillips, Price County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54555 | 1.11% | 1.56% | 1.68% | 1.76% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Phillips, Price County, Wisconsin
When examining property taxes in Phillips, 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 Price 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 Price County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Phillips. For example, the median home price in Phillips is $105,900, with tax bills ranging significantly across the county. Zip code 54555 has the highest median home price at $105,900.
Property Tax Assessment Values Across Phillips, Price County, Wisconsin
Source: Ownwell
$65,750
$154,550
$243,350
Median Phillips Market Value
$105,900
Median Price County Market Value
$88,900
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Phillips, Price County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54555 | $34,100 | $60,300 | $105,900 | $166,725 | $239,010 |
Source: Ownwell
Property Tax Bills Across Phillips, Price County, Wisconsin
Median Phillips Tax Bill
$1,784
Median Price County Tax Bill
$1,546
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Phillips, Price County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54555 | $518 | $1,020 | $1,784 | $2,767 | $3,880 |
Source: Ownwell