Rate Breakdown

Property taxes in Wood County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Wood County

In Wood County, property taxes are calculated based on the assessed value of your property and the combined millage rates (tax rates) set by local taxing authorities. Here's how the process works:

• Assessment: The Wood County Assessor's Office evaluates properties annually to determine their fair market value. This assessed value is then multiplied by the state-determined assessment ratio (currently 100% for residential properties).
• Millage Rates: Tax rates are expressed in "mills," where 1 mill equals $1 per $1,000 of assessed value. Rates vary depending on your municipality, school district, and other local entities (e.g., county, technical college).
• Calculation: Your tax bill = (Assessed Value × Assessment Ratio) × Total Mill Rate / 1,000.

Tax bills are typically mailed in December, with payments due the following January.

Available Exemptions

Wisconsin offers several property tax exemptions that may reduce your bill if you qualify:

• Homestead Credit: For low-income homeowners or renters, this refundable credit offsets property taxes or rent paid.
• Senior Citizen Exemption: Residents aged 65+ may qualify for a reduced tax bill if their household income falls below state limits.
• Disability Exemption: Homeowners with disabilities may be eligible for exemptions or deferrals based on income and disability status.
• Veteran Exemptions: Disabled veterans or unremarried spouses may qualify for partial or full exemptions, depending on disability rating.

Applications for exemptions must be filed with the Wood County Treasurer's Office by the annual deadline (typically May 1).

Payment Schedule & Deadlines

Wood County property taxes follow a strict payment schedule:

• Full Payment Deadline: Due by January 31. Payments made after this date incur a 1.5% monthly penalty.
• Installment Option: Taxpayers may pay in two installments (50% by January 31, remaining 50% by July 31). Late installments face penalties.
• Delinquency: Unpaid taxes after July 31 may result in a tax lien, additional fees, or eventual foreclosure.

Payments can be made online, by mail, or in person at the Wood County Treasurer's Office.

Appealing Your Assessment

If you believe your property is overassessed, follow these steps to appeal:

• Step 1: Contact the Wood County Assessor's Office to discuss your valuation. Errors can often be corrected informally.
• Step 2: File a formal appeal with the Board of Review by the deadline (typically within 30 days of receiving your assessment notice).
• Step 3: Prepare evidence, such as recent comparable sales or a professional appraisal, to support your claim.

Note: Appeals must be filed before the Board of Review's final meeting, usually held in late spring or early summer.