Seymour, Wisconsin Property Taxes
The median property tax rate in Seymour, WI is 1.14%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $181,900 in Seymour, the typical annual property tax bill amounts to $2,073, which is below the national median of $2,690. Property taxes in Seymour are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Seymour's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Seymour or another part of Brown County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seymour, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Seymour Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seymour with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seymour to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Seymour, Wisconsin
Property taxes in Seymour, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seymour is 1.14%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Seymour set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seymour estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Seymour's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54165 zip code has the highest median property tax rate of 1.14%, while the 54165 zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Seymour provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Seymour Tax Rate
1.14%
Average Brown County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seymour, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54165 | 1.05% | 1.13% | 1.14% | 1.14% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Seymour, Wisconsin
In Seymour, Wisconsin, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Brown County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Seymour, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Seymour helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Seymour are both $2,073, found in the 54165 zip code.
Average Seymour Assessed Value
$181,900
Average Brown County Assessed Value
$232,300
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Seymour, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54165 | $102,390 | $124,425 | $181,900 | $215,500 | $254,630 |
Source: Ownwell
Property Tax Bills Across Seymour, Wisconsin
In Seymour, WI, property tax bills are a significant consideration for homeowners. The tax bill is determined by multiplying the assessed value of a property by the local tax rate. Factors influencing the assessed value include the property's market value, improvements, and overall condition. For instance, the median home price in Seymour is $181,900. Homeowners in Seymour can expect their property tax bills to vary widely. At the 25th percentile, the tax bill is around $1,503, while at the 75th percentile, it rises to approximately $2,399. Those in the 90th percentile face even higher bills, reaching up to $2,913. The median property tax rate in Seymour is higher than the national median of 0.99%, making property taxes a notable expense for residents. Understanding these factors helps homeowners anticipate their annual tax obligations, allowing for better financial planning and budgeting.
Average Seymour Tax Bill
$2,073
Average Brown County Tax Bill
$3,396
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Seymour, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54165 | $1,138 | $1,503 | $2,073 | $2,399 | $2,913 |
Source: Ownwell