Saint Croix Falls, Wisconsin Property Taxes
The median property tax rate in Saint Croix Falls, WI is 1.13%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Saint Croix Falls at $212,050, the typical annual property tax bill reaches $2,510, which is below the national median of $2,690. Property taxes in Saint Croix Falls are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Croix Falls' 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 Croix Falls 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 Croix Falls, 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 SAINT CROIX FALLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAINT CROIX FALLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAINT CROIX FALLS 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 Croix Falls, Wisconsin
Property taxes in Saint Croix Falls, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Croix Falls is 1.13%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Saint Croix Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Croix Falls 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 Croix Falls' effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54024 zip code has the highest median property tax rate of 1.13%, while the 54024 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Saint Croix Falls 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 Saint Croix Falls Tax Rate
1.13%
Average Polk County Tax Rate
1.13%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Croix Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54024 | 0.97% | 1.06% | 1.13% | 1.29% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Saint Croix Falls, Wisconsin
In Saint Croix Falls, 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 Saint Croix Falls, 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 highest and lowest median tax bills in the area are both $2,510 in the 54024 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saint Croix Falls, Wisconsin
Source: Ownwell
$66,950
$209,075
$351,200
Average Saint Croix Falls Assessed Value
$212,050
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 Saint Croix Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54024 | $86,250 | $145,050 | $212,050 | $325,875 | $516,050 |
Source: Ownwell
Property Tax Bills Across Saint Croix Falls, Wisconsin
In Saint Croix Falls, located in Polk County, WI, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $212,050, homeowners can expect a range of tax bills depending on various factors such as property size, location, and any applicable exemptions. The 25th percentile tax bill in this area is approximately $1,663, while the 75th percentile tax bill reaches around $3,869. For those at the 90th percentile, the tax bill can be as high as $6,032. Comparatively, the highest and lowest median tax bills in the region are both $2,510, which is above the national median property tax rate of 0.99%. These tax bills significantly impact homeowners, influencing their overall cost of living and financial planning. Accurate assessments and understanding local tax rates are crucial for homeowners to manage these expenses effectively.
Average Saint Croix Falls Tax Bill
$2,510
Average Polk County Tax Bill
$2,629
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Croix Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54024 | $871 | $1,663 | $2,510 | $3,869 | $6,032 |
Source: Ownwell