Suamico, Wisconsin Property Taxes
The median property tax rate in Suamico, WI is 1.46%, which is significantly higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With a median home value of $316,100 in Suamico, the typical annual property tax bill amounts to $4,650, far exceeding the national median of $2,690. Property taxes in Suamico are calculated based on the tax assessed value, typically lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Suamico'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 Suamico or another part of Brown County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Suamico, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$4,615
Ownwell’s Suamico Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Suamico with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Suamico 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 Suamico, Wisconsin
Property taxes in Suamico, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Suamico is 1.46%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Suamico set these rates annually, and they can vary significantly across different neighborhoods. Each year, Suamico 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 Suamico's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54173 zip code has the highest median property tax rate of 1.46%, while the 54313 zip code has the lowest median tax rate of 1.46%. Understanding how these cities compare with Suamico provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Suamico Tax Rate
1.46%
Average Brown County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Suamico, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54173 | 1.43% | 1.45% | 1.46% | 1.47% | 1.57% |
| 54313 | 1.44% | 1.45% | 1.46% | 1.47% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Suamico, Wisconsin
In Suamico, 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 Brown County Assessor 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 Suamico, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $4,684 in zip code 54313, while the lowest is $4,549 in zip code 54173.
Average Suamico Assessed Value
$316,100
Average Brown County Assessed Value
$232,300
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Suamico, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54173 | $143,920 | $210,900 | $308,900 | $435,050 | $604,780 |
| 54313 | $210,500 | $264,700 | $319,800 | $411,100 | $517,460 |
Source: Ownwell
Property Tax Bills Across Suamico, Wisconsin
In Suamico, located in Brown County, WI, property tax bills are calculated based on the assessed value of a home 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 applied to this assessed value to calculate the annual property tax bill. Several factors influence the tax bill, including the home's location, size, and market conditions. In Suamico, the median home price is $316,100. Homeowners in the 25th percentile can expect a tax bill around $3,665, while those in the 75th percentile might see bills up to $6,133. For the top 10% of homes, tax bills can reach up to $7,934. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Suamico's tax rates reflect the region's commitment to maintaining quality public services, which can significantly impact homeowners' overall expenses.
Average Suamico Tax Bill
$4,650
Average Brown County Tax Bill
$3,396
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Suamico, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54173 | $2,119 | $3,156 | $4,549 | $6,416 | $8,955 |
| 54313 | $3,067 | $3,845 | $4,684 | $6,007 | $7,505 |
Source: Ownwell