Suring, Wisconsin Property Taxes
The median property tax rate in Suring, WI is 1.55%, slightly higher than the national median of 0.99% but just below the Wisconsin state median of 1.58%. With a median home value of $87,700 in Suring, the typical annual property tax bill amounts to $1,271, which is lower than the national median of $2,690. Property taxes in Suring are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Suring's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve significant annual savings. Whether you're in the heart of Suring or elsewhere in Menominee County, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Suring, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Suring Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Suring with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Suring 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 Suring, Wisconsin
Property taxes in Suring, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Suring is 1.55%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Suring set these rates annually, and they can vary significantly across different neighborhoods. Each year, Suring 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 Suring's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54174 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Suring provides valuable insights into the varying tax landscape across Menominee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Suring Tax Rate
1.55%
Average Menominee County Tax Rate
1.75%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Suring, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54174 | 1.06% | 1.29% | 1.55% | 1.71% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Suring, Wisconsin
In Suring, 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 Menominee County 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 Suring, 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 Suring helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In the area, the highest median tax bill is $1,271 in the 54174 zip code, while the lowest median tax bill is also $1,271 in the same zip code.
Average Suring Assessed Value
$87,700
Average Menominee County Assessed Value
$171,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Suring, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54174 | $1,500 | $11,500 | $87,700 | $120,050 | $170,000 |
Source: Ownwell
Property Tax Bills Across Suring, Wisconsin
In Suring, located in Menominee County, WI, property tax bills are determined by a combination of the assessed value of the property and the local tax rate. The assessed value is an estimate of the property's worth, which is periodically evaluated by local assessors. This value is then multiplied by the local tax rate to calculate the annual tax bill. Factors that influence the assessed value include the size of the property, its location, and any improvements or modifications made. In Menominee County, the median home price stands at $87,700. Tax bills can vary significantly, with the 25th percentile at $200 and the 75th percentile reaching $1,725. For those in the 90th percentile, tax bills can be as high as $2,653. Compared to the national median property tax rate of 0.99%, homeowners in Suring might find their tax bills to be relatively manageable, depending on their property’s assessed value and the local tax rate. This system ensures that property taxes are proportionate to the value of the property, directly affecting homeowners' annual financial obligations.
Average Suring Tax Bill
$1,271
Average Menominee County Tax Bill
$3,186
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Suring, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54174 | $137 | $200 | $1,271 | $1,725 | $2,653 |
Source: Ownwell