Custer, Wisconsin Property Taxes
The median property tax rate in Custer, WI is 1.26%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $233,800 in Custer, the typical annual property tax bill reaches $2,929, surpassing the national median of $2,690. Property taxes in Custer are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Custer'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 Custer 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
Custer, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$2,946
Ownwell’s Custer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Custer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Custer 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 Custer, Wisconsin
Property taxes in Custer, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Custer is 1.26%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Custer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Custer 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 Custer's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54423 has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these areas compare with Custer provides valuable insights into the varying tax landscape across Portage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Custer Tax Rate
1.26%
Average Portage County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Custer, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54423 | 1.18% | 1.24% | 1.26% | 1.33% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Custer, Wisconsin
In Custer, 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 Portage 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 Custer, 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. The median home price in Custer is $233,800, with tax bills ranging from $1,743 at the 25th percentile to $5,519 at the 90th percentile. The highest and lowest median tax bills, both at $2,929, are found in the zip code 54423. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Custer Assessed Value
$233,800
Average Portage County Assessed Value
$182,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Custer, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54423 | $48,760 | $145,300 | $233,800 | $325,200 | $435,940 |
Source: Ownwell
Property Tax Bills Across Custer, Wisconsin
In Custer, Portage County, WI, property tax bills are influenced by several key factors. The tax bill is primarily determined by the assessed value of a property, which is a percentage of its market value. Local tax rates are then applied to this assessed value. For instance, with a median home price of $233,800 in Custer, homeowners can expect varying tax bills depending on their specific property assessment. The tax bill at the 25th percentile is around $1,743, while at the 75th percentile, it rises to approximately $4,170. At the 90th percentile, homeowners might see tax bills as high as $5,519. These property tax rates can significantly impact homeowners, influencing both their monthly mortgage payments and overall housing affordability. When compared to the national median property tax rate of 0.99%, Custer's property taxes reflect the local economic conditions and funding needs for public services. Understanding these factors can help homeowners better anticipate their annual property tax obligations and manage their finances accordingly.
Average Custer Tax Bill
$2,929
Average Portage County Tax Bill
$2,873
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Custer, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54423 | $633 | $1,743 | $2,929 | $4,170 | $5,519 |
Source: Ownwell