Cambria, Wisconsin Property Taxes
The median property tax rate in Cambria, WI is 1.32%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $192,515 in Cambria, the typical annual property tax bill amounts to $2,640, slightly below the national median of $2,690. Property taxes in Cambria are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Cambria'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 Cambria or another part of the city, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cambria, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$2,541
Ownwell’s Cambria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cambria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cambria 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 Cambria, Wisconsin
Property taxes in Cambria, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cambria is 1.32%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Cambria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cambria 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 Cambria's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53923 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Cambria provides valuable insights into the varying tax landscape across Green Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cambria Tax Rate
1.32%
Average Green Lake County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cambria, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53923 | 1.24% | 1.27% | 1.32% | 1.53% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Cambria, Wisconsin
In Cambria, 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 Green Lake 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 Cambria, 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. The median home price in Cambria is $192,515. The 25th percentile tax bill is $2,073, and the 75th percentile tax bill is $3,758, with the highest median tax bill in the 53923 zip code at $2,640. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cambria Assessed Value
$192,515
Average Green Lake County Assessed Value
$141,945
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cambria, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53923 | $131,608 | $150,825 | $192,515 | $269,602 | $313,128 |
Source: Ownwell
Property Tax Bills Across Cambria, Wisconsin
In Cambria, property tax bills are calculated based on the assessed value of the property and the local tax rate. The median home price in Cambria is $192,515, and the median property tax rate in the area is reflective of the broader trends in Green Lake County. Homeowners in Cambria can expect their tax bills to vary significantly, with the 25th percentile tax bill at approximately $2,073 and the 75th percentile reaching around $3,758. For those in the 90th percentile, tax bills can go as high as $4,198. These tax bills are influenced by several factors, including the assessed value of the property, local government budgets, and any applicable exemptions or deductions. The highest and lowest median tax bills in the area both stand at $2,640, indicating a relatively consistent tax environment within the specific zip code of 53923. Understanding these factors can help homeowners in Cambria better anticipate their annual property tax obligations and plan their finances accordingly.
Average Cambria Tax Bill
$2,640
Average Green Lake County Tax Bill
$2,317
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cambria, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53923 | $1,771 | $2,073 | $2,640 | $3,758 | $4,198 |
Source: Ownwell