Seneca, Wisconsin Property Taxes
The median property tax rate in Seneca, WI is 1.55%, which is considerably higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With a median home value of $82,085 in Seneca, the typical annual property tax bill reaches $1,409, still below the national median of $2,690. Property taxes in Seneca are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Seneca'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 Seneca or another part of Crawford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seneca, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$1,272
$1,181
Ownwell’s Seneca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seneca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seneca 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 Seneca, Wisconsin
Property taxes in Seneca, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seneca is 1.55%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Seneca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seneca 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 Seneca's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54654 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Seneca provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Seneca Tax Rate
1.55%
Average Crawford County Tax Rate
1.79%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seneca, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54654 | 1.09% | 1.42% | 1.55% | 1.65% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Seneca, Wisconsin
In Seneca, 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 Crawford 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 Seneca, 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 Seneca is $82,085, with tax bills ranging from $913 at the 25th percentile to $2,590 at the 90th percentile. The zip code with the highest and lowest median tax bill is 54654, both at $1,409. 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 Seneca helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Seneca Assessed Value
$82,085
Average Crawford County Assessed Value
$123,412
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Seneca, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54654 | $28,334 | $53,726 | $82,085 | $111,162 | $161,610 |
Source: Ownwell
Property Tax Bills Across Seneca, Wisconsin
In Seneca, WI, property tax bills are calculated based on the assessed value of a homeowner's property and the local tax rate. The assessed value is determined by the county assessor and reflects the estimated market value of the property. This value is then multiplied by the local property tax rate to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition, as well as any improvements made. For instance, the median home price in Seneca is $82,085, and property tax bills can vary significantly. Homeowners at the 25th percentile pay around $913 annually, while those at the 75th percentile face bills of approximately $1,953. The tax bill can even reach up to $2,590 for those at the 90th percentile. Comparatively, the national median property tax rate is 0.99%, making Seneca's rates competitive. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Seneca Tax Bill
$1,409
Average Crawford County Tax Bill
$2,321
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Seneca, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54654 | $259 | $913 | $1,409 | $1,953 | $2,590 |
Source: Ownwell