Comstock, Wisconsin Property Taxes
The median property tax rate in Comstock, WI, is 1.16%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Comstock at $196,200, the typical annual property tax bill is $2,280, still below the national median of $2,690. Property taxes in Comstock are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Comstock'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 Comstock or another part of Barron County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Comstock, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$2,276
Ownwell’s Comstock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Comstock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Comstock 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 Comstock, Wisconsin
Property taxes in Comstock, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Comstock stands at 1.16%, which is higher than the U.S. national median of 0.99%. Local government entities within Comstock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Comstock 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 Comstock's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the ZIP code 54826 has both the highest and lowest median property tax rate of 1.16%. Understanding how these areas compare with Comstock provides valuable insights into the varying tax landscape across Barron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Comstock Tax Rate
1.16%
Average Barron County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Comstock, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54826 | 0.97% | 1.08% | 1.16% | 1.18% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Comstock, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Comstock, 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 local 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 Comstock, 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 Comstock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Comstock are both $2,280, found in the 54826 zip code.
Average Comstock Assessed Value
$196,200
Average Barron County Assessed Value
$176,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Comstock, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54826 | $80,900 | $140,100 | $196,200 | $258,600 | $339,900 |
Source: Ownwell
Property Tax Bills Across Comstock, Wisconsin
In Comstock, WI, property tax bills 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 reflects the market value of the property. The tax rate is set by local taxing authorities, including the county, school districts, and other municipal entities. Homeowners in Comstock face varying tax bills depending on their property's assessed value. For instance, the median home price in Comstock is $196,200. Homeowners at the 25th percentile can expect a tax bill around $1,546, while those at the 75th percentile might see bills closer to $2,995. At the 90th percentile, tax bills can reach $3,983. These property taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the rates in Comstock can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Comstock Tax Bill
$2,280
Average Barron County Tax Bill
$2,341
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Comstock, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54826 | $796 | $1,546 | $2,280 | $2,995 | $3,983 |
Source: Ownwell