Cambria, Wisconsin Property Taxes
The median property tax rate in Cambria, WI is 1.45%, which is higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With a median home value of $134,535, the typical annual property tax bill in Cambria amounts to $2,082, falling below the national median of $2,690. Property taxes in Cambria are calculated based on the tax assessed value, which often is lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Cambria'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 Cambria 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
Cambria, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$1,951
$1,810
Ownwell’s Cambria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cambria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cambria 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 Cambria, Wisconsin
Property taxes in Cambria, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cambria is 1.45%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Cambria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cambria 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 Cambria's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53923 zip code has both the highest and lowest median property tax rate of 1.45%. Understanding how these cities compare with Cambria provides valuable insights into the varying tax landscape across Columbia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cambria Tax Rate
1.45%
Average Columbia County Tax Rate
1.43%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cambria, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53923 | 1.18% | 1.35% | 1.45% | 1.75% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Cambria, Wisconsin
In Cambria, 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 Columbia 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 Cambria, 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 Cambria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Columbia County are both $2,082, found in zip code 53923.
Average Cambria Assessed Value
$134,535
Average Columbia County Assessed Value
$201,380
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cambria, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53923 | $96,190 | $109,518 | $134,535 | $169,531 | $261,968 |
Source: Ownwell
Property Tax Bills Across Cambria, Wisconsin
In Cambria, Columbia 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's office and reflects the market value of the property. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. The median home price in Cambria is $134,535, and homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,732, while the 75th percentile tax bill is approximately $2,461. At the higher end, the 90th percentile tax bill can reach up to $4,064. These variations are influenced by factors such as property improvements, neighborhood changes, and local government budgets. Compared to the national median property tax rate of 0.99%, Cambria's tax rates reflect the specific needs and financial requirements of the local community. Homeowners in Cambria should be aware of these factors as they can significantly impact annual property tax obligations.
Average Cambria Tax Bill
$2,082
Average Columbia County Tax Bill
$2,882
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cambria, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53923 | $1,014 | $1,732 | $2,082 | $2,461 | $4,064 |
Source: Ownwell