Simi Valley, Wisconsin Property Taxes
The median property tax rate in Simi Valley, WI is 0.95%, slightly below the national median of 0.99% and significantly lower than the Wisconsin state median of 1.58%. With the median home value in Simi Valley, the typical annual property tax bill is $40, far below the national median of $2,690. Property taxes in Simi Valley 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 Simi Valley'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 Simi Valley 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
Simi Valley, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$40
Ownwell’s Simi Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Simi Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Simi Valley 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 Simi Valley, Wisconsin
Property taxes in Simi Valley, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Simi Valley is 1.25%, significantly higher than both the Wisconsin state median of 1.03% and the U.S. national median of 0.99%. Local government entities within Simi Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Simi Valley 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 Simi Valley's effective property tax rate to other counties in Wisconsin and the national median. For comparison, ZIP code 53202 has the highest median property tax rate of 1.35%, while ZIP code 54911 has the lowest median tax rate of 0.85%. Understanding how these cities compare with Simi Valley provides valuable insights into the varying tax landscape across Outagamie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Simi Valley Tax Rate
0.95%
Average Outagamie County Tax Rate
1.71%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Simi Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Simi Valley, Wisconsin
In Simi Valley, 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 Outagamie 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 Simi Valley, 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 Simi Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Simi Valley Assessed Value
$4,200
Average Outagamie County Assessed Value
$190,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Simi Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Simi Valley, Wisconsin
In Simi Valley, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the property's market value, determined by local assessors. Various factors such as the property's location, size, and condition are considered in determining this value. In Outagamie County, the median home price is $4,200, which is significantly lower than the national median. Homeowners in Simi Valley can expect their property tax bills to vary, with the 25th, 75th, and 90th percentiles all seeing a tax bill of $40. This uniformity suggests a relatively stable tax rate in the area. The property tax rate in Simi Valley can have a substantial impact on homeowners, influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, Simi Valley's rates are quite modest, making it an attractive location for homeowners looking for affordable property tax options.
Average Simi Valley Tax Bill
$40
Average Outagamie County Tax Bill
$3,156
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Simi Valley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell