Steuben, Wisconsin Property Taxes
The median property tax rate in Steuben, WI is 1.70%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Steuben at $98,354, the typical annual property tax bill reaches $1,713, which is below the national median of $2,690. Property taxes in Steuben 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 Steuben'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 Steuben 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
Steuben, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.7%
Estimate Property Tax Bill
$1,672
$1,552
Ownwell’s Steuben Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Steuben with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Steuben 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 Steuben, Wisconsin
Property taxes in Steuben, Wisconsin, play a crucial role in funding essential services such as public schools, road maintenance, and emergency services. The median tax rate in Steuben is 1.70%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Steuben set these rates annually, and they can vary significantly across different neighborhoods. Each year, Steuben 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 Steuben's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54657 zip code has the highest median property tax rate of 1.70%, while the same zip code also has the lowest median tax rate of 1.70%. Understanding how these cities compare with Steuben 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 Steuben Tax Rate
1.70%
Average Crawford County Tax Rate
1.79%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Steuben, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54657 | 1.41% | 1.51% | 1.70% | 2.20% | 2.50% |
Source: Ownwell
Property Tax Assessment Values Across Steuben, Wisconsin
In STEUBEN, 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 local 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 STEUBEN, 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 STEUBEN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 54657, both registering at $1713.
Average Steuben Assessed Value
$98,354
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 Steuben, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54657 | $23,514 | $50,486 | $98,354 | $142,021 | $205,683 |
Source: Ownwell
Property Tax Bills Across Steuben, Wisconsin
In Steuben, 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 county assessor and reflects the market value of the property. Homeowners in Steuben pay property taxes that contribute to local services such as schools, infrastructure, and public safety. The median home price in Steuben is $98,354, and property tax bills can vary significantly. For instance, the 25th percentile of tax bills is $796, while the 75th percentile reaches $2,457, and the 90th percentile can be as high as $3,311. Comparing this to the national median property tax rate of 0.99%, Steuben's tax bills can be seen as a reflection of the local economic conditions and the valuation of properties. The highest and lowest median tax bills in the area are both reported at $1,713, indicating some consistency in tax assessments. These property taxes play a crucial role in maintaining the quality of life and services in Steuben.
Average Steuben Tax Bill
$1,713
Average Crawford County Tax Bill
$2,321
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Steuben, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54657 | $323 | $796 | $1,713 | $2,457 | $3,311 |
Source: Ownwell