Silver Cliff, Wisconsin Property Taxes
The median property tax rate in Silver Cliff, WI is 0.96%, slightly below the national median of 0.99% and significantly lower than the Wisconsin state median of 1.58%. With a median home value of $71,450 in Silver Cliff, the typical annual property tax bill is $497, well below the national median of $2,690. Property taxes in Silver Cliff are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Silver Cliff'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 Silver Cliff or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Silver Cliff, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$686
Ownwell’s Silver Cliff Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Silver Cliff, WI. By simply entering your property's estimated assessed value, the calculator uses the median tax rate specific to Silver Cliff to provide an accurate estimate of your property tax bill. This tool is designed to help you understand your potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by Marinette County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Silver Cliff, Wisconsin
Property taxes in Silver Cliff, Wisconsin, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Silver Cliff is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Silver Cliff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Silver Cliff 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 Silver Cliff's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54104 zip code has the highest median property tax rate of 0.96%, while the 54104 zip code also has the lowest median tax rate of 0.96%. Understanding how these cities compare with Silver Cliff provides valuable insights into the varying tax landscape across Marinette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Silver Cliff Tax Rate
0.96%
Average Marinette County Tax Rate
1.37%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Silver Cliff, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54104 | 0.60% | 0.73% | 0.96% | 1.04% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Silver Cliff, Wisconsin
In Silver Cliff, 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 Silver Cliff, 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 Silver Cliff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 54104, with a median bill of $497, and the same zip code also has the lowest median tax bill, reflecting the uniformity in property tax assessments within the region.
Average Silver Cliff Assessed Value
$71,450
Average Marinette County Assessed Value
$79,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Silver Cliff, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54104 | $18,030 | $45,075 | $71,450 | $95,250 | $117,660 |
Source: Ownwell
Property Tax Bills Across Silver Cliff, Wisconsin
Property tax bills in Silver Cliff, situated in Marinette County, WI, are calculated based on the assessed value of a property, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $71,450, homeowners in Silver Cliff can expect median property tax bills ranging from $385 at the 25th percentile to $802 at the 75th percentile, and up to $1,208 at the 90th percentile. Several factors influence the tax bill, including property size, location, and improvements. The local tax rate, which may vary annually based on budgetary needs, also plays a crucial role. Compared to the national median property tax rate of 0.99%, Silver Cliff's residents experience a relatively moderate tax burden. Understanding these factors helps homeowners anticipate their property taxes and budget accordingly, ensuring they are well-prepared for their annual obligations.
Average Silver Cliff Tax Bill
$497
Average Marinette County Tax Bill
$1,289
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Silver Cliff, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54104 | $327 | $385 | $497 | $802 | $1,208 |
Source: Ownwell