Florence County, Wisconsin Property Taxes
The median property tax rate in Florence County is 1.51%, which is significantly higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With a median home value of $107,800 in Florence County, the typical annual property tax bill reaches $1,605, which is below the national median of $2,690. Property taxes in Florence County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Florence County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Florence or another part of Florence County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Florence County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$1,628
$1,511
Ownwell’s Florence Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Florence with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Florence to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Florence County, Wisconsin
Property taxes in Florence County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Florence County is 1.51%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Florence County set these rates annually, and they can vary significantly between different areas within the county. Each year, Florence County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Florence has one of the higher property tax rates in Wisconsin at 1.53%, while the city of Niagara boasts one of the lowest at 1.43%. Analyzing how Florence County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Florence County Tax Rate
1.51%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Florence County, Wisconsin
In Florence County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Florence County Appraisal District. The assessed value, however, 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. Assessment notices in Florence County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Florence County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The median home price in Florence County is $107,800, with tax bills ranging significantly. Florence has the highest median tax bill at $1,789, while Tipler has the lowest at $1,092. This highlights the importance of understanding your specific tax situation.
Property Tax Assessment Values Across Florence County, Wisconsin
Source: Ownwell
$72,050
$96,375
$120,700
Average Florence County Assessed Value
$107,800
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Florence County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fence | $30,580 | $61,750 | $95,600 | $146,175 | $211,520 |
| Florence | $27,580 | $58,900 | $120,700 | $210,700 | $329,540 |
| Long Lake | $20,500 | $42,925 | $85,650 | $133,400 | $208,250 |
| Niagara | $27,250 | $60,975 | $98,800 | $151,125 | $220,210 |
| Tipler | $7,530 | $40,200 | $72,050 | $111,200 | $120,130 |
Source: Ownwell
Property Tax Bills Across Florence County, Wisconsin
Property tax bills in Florence County, Wisconsin, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is an estimate of the property's market value, which is periodically updated by local assessors. Homeowners in Florence County experience varying tax burdens based on their property's assessed value and the specific tax rate applied. Several factors influence the tax bill, including the property's location within the county, as different municipalities may have different tax rates. For example, the median tax bill in Florence is $1,789, while in Tipler, it is $1,092. The national median property tax rate is 0.99%, which provides a benchmark for comparison. Homeowners in the 25th percentile pay around $768, whereas those in the 75th percentile face a tax bill of approximately $2,925. High-value properties, such as those in the 90th percentile, can see tax bills as high as $4,666. These variations significantly impact homeowners' financial planning and the affordability of owning property in Florence County.
Average Florence County Tax Bill
$1,605
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690