Chili, Wood County, Wisconsin Property Taxes

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

Median Chili, WI effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Chili, WI home value: $223,300
Median annual Chili, WI tax bill: $3,099, $699 higher than the national median property tax bill of $2,400.

How are property taxes in Wood County calculated?

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

Last Updated March 1, 2025

Chili, Wood County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.37%

Estimate Property Tax Bill

$3,059

$2,839

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

Property Tax Rates Across Chili, Wood 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. Below, you can compare Chili’s effective property tax rate to other cities in Wisconsin and the median property tax rates in Wisconsin and the U.S.

Chili, located in Wood County, experiences a property tax rate of 1.37%, which is notably higher than the national median of 1.02%. This rate positions Chili among the higher property tax areas in the country. Compared to the national median property tax bill of $2400, property owners in Chili might find themselves contributing more to local services. However, this investment supports essential community services such as schools, infrastructure, and public safety. Understanding how these rates compare to the national and state averages can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Chili, Wood County, Wisconsin

Source: Ownwell

1.16%

1.65%

2.14%

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 Chili Tax Rate

1.37%

Median Effective Wood County Tax Rate

1.75%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chili, Wood County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
54420	1.24%	1.32%	1.37%	1.42%	1.45%

Source: Ownwell

Property Tax Assessment Values Across Chili, Wood County, Wisconsin

When examining property taxes in Chili, 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 Wood 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: In Wood 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 Chili.

For example, the median home price in Chili is $223,300, with tax bills ranging significantly across the county. 54420 has the highest median home price at $223,300.

Property Tax Assessment Values Across Chili, Wood County, Wisconsin

Source: Ownwell

$74,200

$148,750

$223,300

Median Chili Market Value

$223,300

Median Wood County Market Value

$143,800

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chili, Wood County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
54420	$105,000	$149,900	$223,300	$316,100	$396,840

Source: Ownwell

Property Tax Bills Across Chili, Wood County, Wisconsin

In Chili, WI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Chili is $223,300, and property tax bills can significantly vary, ranging from $1,982 at the 25th percentile to $5,727 at the 90th percentile. The median tax bill in the area is $3,099, which is notably higher than the national median of $2,400. This discrepancy highlights the potential financial burden on homeowners in the region. Factors such as changes in property value and local government budgets can influence the assessed value and tax rate, affecting the final tax bill. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge and a thorough understanding of local tax regulations, Ownwell helps reduce property tax bills, easing the financial strain on homeowners.

Property Tax Bills Across Chili, Wood County, Wisconsin

Source: Ownwell

$903

$2,001

$3,099

Median Chili Tax Bill

$3,099

Median Wood County Tax Bill

$2,331

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Chili, Wood County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
54420	$1,273	$1,982	$3,099	$4,283	$5,727

Source: Ownwell