Strum, Wisconsin Property Taxes
The median property tax rate in Strum, WI is 1.04%, 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 $181,450 in Strum, the typical annual property tax bill amounts to $2,036, which is below the national median of $2,690. Property taxes in Strum are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. By understanding Strum's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Strum or another part of Eau Claire County, familiarizing yourself with the local property tax system will be beneficial.
Last Updated June 14, 2024
Strum, 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 Strum Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Strum with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Strum to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Strum, Wisconsin
Property taxes in Strum, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Strum is 1.04%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Strum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strum 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 Strum's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54770 zip code has the highest median property tax rate of 1.04%, while the same 54770 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Strum provides valuable insights into the varying tax landscape across Eau Claire County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Strum Tax Rate
1.04%
Average Eau Claire County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Strum, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54770 | 0.85% | 0.94% | 1.04% | 1.18% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Strum, Wisconsin
In Strum, 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 Eau Claire County Appraisal District 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. Assessment notices in Strum 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 Strum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Strum are both $2,036, found in the 54770 zip code.
Average Strum Assessed Value
$181,450
Average Eau Claire County Assessed Value
$211,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Strum, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54770 | $78,000 | $121,150 | $181,450 | $301,900 | $403,000 |
Source: Ownwell
Property Tax Bills Across Strum, Wisconsin
In Strum, located in Eau Claire County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Strum is $181,450, and the property tax rate in the area is influenced by various local factors, including school district funding, infrastructure needs, and municipal services. Homeowners in Strum can expect a tax bill that varies significantly depending on their property's value. For instance, the 25th percentile tax bill is approximately $1,241, while the 75th percentile tax bill reaches around $3,373. At the higher end, the 90th percentile tax bill is about $4,661. This range illustrates how property taxes can vary widely even within the same community. The highest and lowest median tax bills in Strum are both reported at $2,036, highlighting a consistent median tax burden across different areas of the city. These property taxes significantly impact homeowners by influencing their overall housing costs and potentially affecting their long-term financial planning.
Average Strum Tax Bill
$2,036
Average Eau Claire County Tax Bill
$3,004
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Strum, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54770 | $663 | $1,241 | $2,036 | $3,373 | $4,661 |
Source: Ownwell