Saint Francis, Wisconsin Property Taxes
The median property tax rate in Saint Francis, WI is 2.39%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Saint Francis at $169,100, the typical annual property tax bill reaches $4,038, exceeding the national median of $2,690. Property taxes in Saint Francis 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 Saint Francis'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 Saint Francis 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
Saint Francis, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.39%
Estimate Property Tax Bill
$4,041
Ownwell’s Saint Francis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Francis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Francis 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 Saint Francis, Wisconsin
Property taxes in Saint Francis, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Francis is 2.39%, significantly higher than both the Wisconsin state median of 1.63% and the U.S. national median of 0.99%. Local government entities within Saint Francis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Francis 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 Saint Francis's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 53235 has both the highest and lowest median property tax rate of 2.39%. Understanding how these cities compare with Saint Francis provides valuable insights into the varying tax landscape across Milwaukee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Francis Tax Rate
2.39%
Average Milwaukee County Tax Rate
2.38%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Francis, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53235 | 2.30% | 2.34% | 2.39% | 2.54% | 2.60% |
Source: Ownwell
Property Tax Assessment Values Across Saint Francis, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Saint Francis, Wisconsin. 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 Milwaukee 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 Saint Francis, 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 Saint Francis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 53235, with a median tax bill of $4,038.
Average Saint Francis Assessed Value
$169,100
Average Milwaukee County Assessed Value
$184,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Francis, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53235 | $21,180 | $141,400 | $169,100 | $199,250 | $251,320 |
Source: Ownwell
Property Tax Bills Across Saint Francis, Wisconsin
In Saint Francis, located in Milwaukee 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 this area is $169,100. The property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local government budgets, school district funding requirements, and public service needs. Homeowners in Saint Francis can expect to see a range of property tax bills. For example, those in the 25th percentile pay around $3,328, while those in the 75th percentile face bills closer to $4,890. At the higher end, the 90th percentile tax bill reaches approximately $6,235. This variability highlights how individual property assessments and local tax rates can significantly affect homeowners. Comparatively, the national median property tax rate is 0.99%, making Saint Francis's property tax situation unique and noteworthy for residents.
Average Saint Francis Tax Bill
$4,038
Average Milwaukee County Tax Bill
$3,903
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Francis, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53235 | $545 | $3,328 | $4,038 | $4,890 | $6,235 |
Source: Ownwell