St Francis, Wisconsin Property Taxes
The median property tax rate in ST FRANCIS, WI is 2.61%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in ST FRANCIS, the typical annual property tax bill reaches $1,980, exceeding the national median of $2,690. Property taxes in ST FRANCIS are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding ST FRANCIS'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 ST FRANCIS 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
St Francis, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.61%
Estimate Property Tax Bill
$1,984
$1,841
Ownwell’s ST FRANCIS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ST FRANCIS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ST FRANCIS 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 St Francis, Wisconsin
Property taxes in St. Francis, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in St. Francis is 2.61%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within St. Francis set these rates annually, and they can vary significantly across different neighborhoods. Each year, St. Francis 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 St. Francis's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53235 zip code has the highest median property tax rate of 2.61%, while the same zip code also has the lowest median tax rate of 2.61%. Understanding how these areas compare with St. Francis provides valuable insights into the varying tax landscape across Milwaukee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average St Francis Tax Rate
2.61%
Average Milwaukee County Tax Rate
2.38%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across St Francis, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53235 | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% |
Source: Ownwell
Property Tax Assessment Values Across St Francis, Wisconsin
In St. Francis, 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 Milwaukee 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 St. Francis, 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. The median home price in St. Francis is $76,000, with the median tax bill consistently around $1,980. Notably, the highest and lowest median tax bills, both $1,980, are found in zip code 53235. 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 St. Francis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average St Francis Assessed Value
$76,000
Average Milwaukee County Assessed Value
$184,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across St Francis, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53235 | $76,000 | $76,000 | $76,000 | $76,000 | $76,000 |
Source: Ownwell
Property Tax Bills Across St Francis, Wisconsin
In St. Francis, WI, located in Milwaukee County, property tax bills are calculated based on the assessed value of a home. For instance, with a median home price of $76,000, homeowners can expect a median tax bill of $1,980. This figure is consistent across different percentiles, indicating a uniform tax rate within the area. The tax bill is determined by multiplying the assessed value of the property by the local tax rate, which in this case, aligns closely with the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. High property taxes can significantly impact homeowners by increasing their annual expenses, making budget planning essential. Even though the median tax bill in St. Francis remains steady at $1,980, it is crucial for homeowners to stay informed about any changes in assessments or tax rates that could affect their financial planning.
Average St Francis Tax Bill
$1,980
Average Milwaukee County Tax Bill
$3,903
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across St Francis, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53235 | $1,980 | $1,980 | $1,980 | $1,980 | $1,980 |
Source: Ownwell