Superior, Wisconsin Property Taxes
The median property tax rate in Superior, WI is 1.37%, which is higher than both the national median of 0.99% and Wisconsin's state median of 1.58%. With a median home value of $163,900 in Superior, the typical annual property tax bill amounts to $2,153, surpassing the national median of $2,690. Property taxes in Superior are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Superior's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you reside in the heart of Superior or another part of the city, gaining insight into the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Superior, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$2,245
Ownwell’s Superior Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Superior with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Superior 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 Superior, Wisconsin
Property taxes in Superior, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Superior is 1.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Superior set these rates annually, and they can vary significantly across different neighborhoods. Each year, Superior 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 Superior's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54880 zip code has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Superior provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Superior Tax Rate
1.37%
Average Douglas County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Superior, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54880 | 1.00% | 1.27% | 1.37% | 1.41% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Superior, Wisconsin
In Superior, 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 Douglas County Assessor 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 Superior, 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. For example, in Superior, the median home price is $163,900, and the median tax bill is $2,153. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Superior Assessed Value
$163,900
Average Douglas County Assessed Value
$170,250
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Superior, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54880 | $91,600 | $122,300 | $163,900 | $223,000 | $305,000 |
Source: Ownwell
Property Tax Bills Across Superior, Wisconsin
In Superior, WI, property tax bills are calculated based on the assessed value of a home. The median home price in Superior is $163,900, and the tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final tax amount, including local government budgets, school district funding needs, and public service requirements. For homeowners in Superior, this means that the 25th percentile tax bill is around $1,573, while at the 75th percentile, it rises to $2,988. For those in the 90th percentile, the tax bill can reach as high as $4,227. These figures highlight the range of property tax bills that homeowners might expect, depending on the assessed value of their property and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Superior's tax bills reflect the local economic demands and public service funding requirements, impacting homeowners' annual financial obligations.
Average Superior Tax Bill
$2,153
Average Douglas County Tax Bill
$2,072
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Superior, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54880 | $1,110 | $1,573 | $2,153 | $2,988 | $4,227 |
Source: Ownwell