Florence, Florence County, Wisconsin Property Taxes
Median Florence, WI effective property tax rate: 1.53%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Florence, WI home value: $120,700
Median annual Florence, WI tax bill: $1,789, $611 lower than the national median property tax bill of $2,400.
How are property taxes in Florence calculated?
Property taxes in Florence, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Florence’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Florence, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Florence, Florence County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.53%
Estimate Property Tax Bill
$1,847
$1,714
Property Tax Rates Across Florence, Florence County, Wisconsin
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
Florence in Wisconsin has a median property tax rate of 1.53%, significantly higher than the national median of 1.02%. This rate also represents the highest in the state, with no variation across different zip codes. Property owners in Florence face a higher financial obligation compared to the national median tax bill of $2,400. This highlights the importance of understanding local property tax rates and how they can impact your financial planning. By comparing Florence’s effective property tax rate to other cities in Wisconsin and the broader U.S., property owners can gain valuable insights into how their tax obligations measure up.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Florence Tax Rate
1.53%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Florence County Tax Rate
1.51%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Florence, Florence County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54121 | 1.14% | 1.37% | 1.53% | 1.63% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Florence, Florence County, Wisconsin
When examining property taxes in Florence, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Florence County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Florence County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Florence.
For example, the median home price in Florence is $120,700, with tax bills ranging significantly across the county. Zip code 54121 has the highest median home price at $120,700.
Property Tax Assessment Values Across Florence, Florence County, Wisconsin
Source: Ownwell
$72,050
$96,375
$120,700
Median Florence Market Value
$120,700
Median Florence County Market Value
$107,800
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Florence, Florence County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54121 | $27,580 | $58,900 | $120,700 | $210,700 | $329,540 |
Source: Ownwell
Property Tax Bills Across Florence, Florence County, Wisconsin
Median Florence Tax Bill
$1,789
Median Florence County Tax Bill
$1,605
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Florence, Florence County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54121 | $337 | $814 | $1,789 | $3,336 | $5,333 |
Source: Ownwell