Gotham, Richland County, Wisconsin Property Taxes

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

Median Gotham, WI effective property tax rate: 1.55%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Gotham, WI home value: $118,500
Median annual Gotham, WI tax bill: $1,840, $560 lower than the national median property tax bill of $2,400.

How are property taxes in Richland calculated?

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

Last Updated March 1, 2025

Gotham, Richland County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.55%

Estimate Property Tax Bill

$1,837

$1,704

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

Property Tax Rates Across Gotham, Richland County, Wisconsin

Local government entities set tax rates, which can vary widely within a state. 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 Gotham, located in Richland County, Wisconsin, the effective property tax rate is 1.55%. This rate is noticeably higher than the national median property tax rate of 1.02%, reflecting the unique budgetary needs and property values of the area. When compared to the median property tax rate in Wisconsin, Gotham's rate provides insight into how local priorities and economic conditions shape property tax obligations. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively. By examining how Gotham's property tax rate compares to those in other cities within Wisconsin and against national figures, property owners can better anticipate their tax responsibilities and explore potential savings through appeals or exemptions.

Property Tax Rates Across Gotham, Richland County, Wisconsin

Source: Ownwell

1.45%

1.73%

2.02%

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 Gotham Tax Rate

1.55%

Median Effective Richland County Tax Rate

1.66%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gotham, Richland County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
53540	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Gotham, Richland County, Wisconsin

When examining property taxes in Gotham, 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 Richland 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 Richland 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 Gotham. For example, the median home price in Gotham is $118,500, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Gotham, Richland County, Wisconsin

Source: Ownwell

$80,550

$97,700

$114,850

Median Gotham Market Value

$118,500

Median Richland County Market Value

$97,250

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gotham, Richland County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
53540	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Gotham, Richland County, Wisconsin

Property tax bills in Gotham, located in Richland County, WI, are determined by the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the Richland County Assessor's Office. This value is then multiplied by the local tax rate to calculate the annual property tax bill. Homeowners in Gotham face a median property tax bill of $1,840, which is below the national median of $2,400. This lower tax bill can be attributed to the relatively affordable median home price of $118,500 in the area.

For homeowners looking to reduce their property tax bills, Ownwell offers expert property tax appeal services. By analyzing the assessed value and comparing it to similar properties, Ownwell identifies discrepancies and works to correct them. This process can lead to significant savings, ensuring homeowners are not overpaying on their property taxes. With Ownwell's assistance, homeowners in Gotham can achieve a fair and accurate tax bill, alleviating the financial burden of property ownership.

Property Tax Bills Across Gotham, Richland County, Wisconsin

Source: Ownwell

$1,292

$1,539

$1,785

Median Gotham Tax Bill

$1,840

Median Richland County Tax Bill

$1,704

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Gotham, Richland County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
53540	N/A	N/A	N/A	N/A	N/A

Source: Ownwell