Niagara, Wisconsin Property Taxes
The median property tax rate in Niagara, Wisconsin is 1.43%, considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Niagara, the typical annual property tax bill reaches $1,452, which is below the national median of $2,690. Property taxes in Niagara are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Niagara'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 Niagara or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Niagara, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$1,413
Ownwell’s Niagara Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Niagara with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Niagara 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 Niagara, Wisconsin
Property taxes in Niagara, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Niagara is 1.43%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Niagara set these rates annually, and they can vary significantly across different neighborhoods. Each year, Niagara 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 Niagara's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54151 zip code has both the highest and lowest median property tax rate of 1.43%. Understanding how these cities compare with Niagara provides valuable insights into the varying tax landscape across Florence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Niagara Tax Rate
1.43%
Average Florence County Tax Rate
1.51%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Niagara, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54151 | 1.13% | 1.30% | 1.43% | 1.53% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Niagara, Wisconsin
In Niagara, 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 Florence 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. In Niagara, 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. For instance, the median home price in Niagara is $98,800, with tax bills ranging from $814 at the 25th percentile to $3,283 at the 90th percentile. The highest and lowest median tax bills are both $1,452 in the 54151 zip code. 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 Niagara helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Niagara Assessed Value
$98,800
Average Florence County Assessed Value
$107,800
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Niagara, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54151 | $27,250 | $60,975 | $98,800 | $151,125 | $220,210 |
Source: Ownwell
Property Tax Bills Across Niagara, Wisconsin
In Niagara, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Niagara is $98,800, and the property tax rate in Florence County is applied to this assessed value to determine the tax bill. Homeowners in Niagara can expect varying tax bills depending on their property's value and specific exemptions they may qualify for. For instance, the 25th percentile tax bill is around $814, while the 75th percentile tax bill reaches $2,234. At the higher end, the 90th percentile tax bill can be as much as $3,283. Compared to the national median property tax rate of 0.99%, Niagara’s property taxes can significantly impact homeowners, particularly those with properties assessed at higher values. The highest and lowest median tax bills in the area are both recorded at $1,452 within the zip code 54151, indicating a relatively consistent tax burden across different properties. These taxes fund essential local services, including schools, public safety, and infrastructure, directly affecting the community's quality of life.
Average Niagara Tax Bill
$1,452
Average Florence County Tax Bill
$1,605
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Niagara, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54151 | $334 | $814 | $1,452 | $2,234 | $3,283 |
Source: Ownwell