Centuria, Wisconsin Property Taxes
The median property tax rate in Centuria, WI is 1.01%, slightly higher than the national median of 0.99% but lower than Wisconsin's state median of 1.58%. With the median home value in Centuria at $195,400, the typical annual property tax bill amounts to $2,116, which is below the national median of $2,690. Property taxes in Centuria are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Centuria'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 Centuria 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
Centuria, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,974
Ownwell’s Centuria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Centuria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Centuria 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 Centuria, Wisconsin
Property taxes in Centuria, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Centuria is 1.01%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Centuria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centuria 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. For comparison, the 54824 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Centuria provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Centuria Tax Rate
1.01%
Average Polk County Tax Rate
1.13%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Centuria, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54824 | 0.91% | 0.97% | 1.01% | 1.11% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Centuria, Wisconsin
In Centuria, 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 Polk 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 Centuria, 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 Centuria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,116 in zip code 54824, while the lowest is also $2,116 in the same zip code, reflecting a consistent tax landscape.
Average Centuria Assessed Value
$195,400
Average Polk County Assessed Value
$219,000
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Centuria, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54824 | $78,340 | $125,700 | $195,400 | $298,900 | $402,360 |
Source: Ownwell
Property Tax Bills Across Centuria, Wisconsin
Property tax bills in Centuria, Polk County, WI, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor and is intended to reflect the market value of the property. For homeowners in Centuria, property tax bills can vary significantly. For instance, the 25th percentile tax bill is around $1,460, while the 75th percentile tax bill can reach up to $3,027. At the 90th percentile, some homeowners may see tax bills as high as $4,153. These values are influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Polk County's tax rates can offer a range of financial impacts on homeowners. Higher property taxes can affect monthly budgets and the overall cost of homeownership, while lower taxes can provide some financial relief. Understanding these factors is crucial for homeowners to manage their expenses and plan for the future.
Average Centuria Tax Bill
$2,116
Average Polk County Tax Bill
$2,629
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Centuria, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54824 | $874 | $1,460 | $2,116 | $3,027 | $4,153 |
Source: Ownwell