Glen Flora, Wisconsin Property Taxes
The median property tax rate in Glen Flora, WI, is 0.92%, slightly lower than the national median of 0.99% and significantly below the Wisconsin state median of 1.58%. With the median home value in Glen Flora at $59,700, the typical annual property tax bill comes to $561, well under the national median of $2,690. Property taxes in Glen Flora are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Glen Flora'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 Glen Flora 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
Glen Flora, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$549
Ownwell’s Glen Flora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Flora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Flora 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 Glen Flora, Wisconsin
Property taxes in Glen Flora, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen Flora is 1.34%, higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Glen Flora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Flora 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 Glen Flora's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54526 zip code has the highest median property tax rate of 1.34%, while the 54526 zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Glen Flora provides valuable insights into the varying tax landscape across Rusk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Flora Tax Rate
0.92%
Average Rusk County Tax Rate
1.18%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen Flora, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54526 | 0.58% | 0.73% | 0.92% | 1.02% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Glen Flora, Wisconsin
In Glen Flora, 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 Rusk 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 Glen Flora, 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 Glen Flora is $59,700, with tax bills ranging from $249 at the 25th percentile to $1,505 at the 90th percentile. The highest and lowest median tax bill in the area is $561, both found in the 54526 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glen Flora Assessed Value
$59,700
Average Rusk County Assessed Value
$102,350
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glen Flora, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54526 | $12,340 | $33,000 | $59,700 | $105,800 | $151,940 |
Source: Ownwell
Property Tax Bills Across Glen Flora, Wisconsin
In Glen Flora, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Glen Flora is $59,700. Property tax rates in Glen Flora are influenced by several factors, including the local government's budgetary needs and the value of public services provided. Homeowners in Glen Flora can expect varying tax bills, with the 25th percentile tax bill at $249 and the 75th percentile at $1,038. Those in the 90th percentile may see tax bills as high as $1,505. These figures highlight the range of property tax burdens in the area, reflecting differences in home values and local tax rates. Compared to the national median property tax rate of 0.99%, Glen Flora’s property tax rates can significantly impact homeowners, especially those with properties assessed at higher values. Understanding these factors can help homeowners anticipate their annual tax liabilities and plan their finances accordingly.
Average Glen Flora Tax Bill
$561
Average Rusk County Tax Bill
$1,304
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Flora, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54526 | $70 | $249 | $561 | $1,038 | $1,505 |
Source: Ownwell