King, Waupaca County, Wisconsin Property Taxes
Median KING, WI effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median KING, WI home value: $231,042
Median annual KING, WI tax bill: $2,785, $385 higher than the national median property tax bill of $2,400.
How are property taxes in Waupaca calculated?
Property taxes in KING, 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 KING’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in KING, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
King, Waupaca County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.21%
Estimate Property Tax Bill
$2,796
$2,594
Property Tax Rates Across King, Waupaca 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, resulting 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. Below, you can compare KING’s effective property tax rate to other cities in Wisconsin and the median property tax rates in Wisconsin and the U.S.
In KING, located in Waupaca County, residents experience a property tax rate that is above the national median of 1.02%. This means homeowners in KING may pay more in property taxes compared to the average U.S. homeowner. However, it's important to note that property taxes fund essential services such as schools, public safety, and infrastructure, contributing to the community's overall quality of life. Understanding your property tax rate can help you make informed decisions about homeownership and budgeting. Whether you're a current homeowner or considering purchasing property in KING, staying informed about property taxes can help you navigate the financial landscape effectively.
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 King Tax Rate
1.21%
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 Waupaca County Tax Rate
1.56%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across King, Waupaca County, Wisconsin
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
54946 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across King, Waupaca County, Wisconsin
When examining property taxes in King, 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 Waupaca County Assessor's Office 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 Waupaca 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 King.
For example, the median home price in King is $231,042, with tax bills ranging significantly across the county. 54981 has the highest median home price at $231,042.
Property Tax Assessment Values Across King, Waupaca County, Wisconsin
Source: Ownwell
$40,121
$86,749
$133,377
Median King Market Value
$231,042
Median Waupaca County Market Value
$115,244
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across King, Waupaca County, Wisconsin
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
54946 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across King, Waupaca County, Wisconsin
In King, located in Waupaca County, WI, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The median home price in this area is $231,042, and the property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in King can expect a median property tax bill of $2,785, which is slightly above the national median of $2,400. This suggests that property taxes in King are somewhat higher than the national average, potentially impacting homeowners' budgets more significantly.
Factors that influence property tax bills include changes in property values, local government budgets, and tax rates. Homeowners may find these factors challenging to navigate, which is where Ownwell can provide valuable assistance. By offering property tax appeal and exemption services, Ownwell helps homeowners ensure their properties are fairly assessed, potentially reducing their tax burden. This support can lead to significant savings and a more manageable financial situation for homeowners in King.
Median King Tax Bill
$2,785
Median Waupaca County Tax Bill
$2,402
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across King, Waupaca County, Wisconsin
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
54946 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell