Cecil, Wisconsin Property Taxes
The median property tax rate in Cecil, WI is 1.05%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Cecil at $140,900, the typical annual property tax bill amounts to $1,467, which falls below the national median of $2,690. Property taxes in Cecil are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Navigating Cecil'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 Cecil 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
Cecil, 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 Cecil Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cecil with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cecil 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 Cecil, Wisconsin
Property taxes in Cecil, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cecil is 1.05%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Cecil set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cecil 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 Cecil's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54111 zip code has the highest median property tax rate of 1.05%, while the 54111 zip code has the lowest median tax rate of 1.05%. Understanding how these cities compare with Cecil provides valuable insights into the varying tax landscape across Oconto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cecil Tax Rate
1.05%
Average Oconto County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cecil, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54111 | 0.93% | 0.98% | 1.05% | 1.10% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Cecil, Wisconsin
In Cecil, 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 Oconto 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 Cecil, 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 Cecil helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cecil is $140,900, with tax bills ranging from $823 at the 25th percentile to $2,739 at the 90th percentile. The zip code with the highest and lowest median tax bill is 54111, both at $1,467.
Average Cecil Assessed Value
$140,900
Average Oconto County Assessed Value
$159,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cecil, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54111 | $41,680 | $77,000 | $140,900 | $191,700 | $273,260 |
Source: Ownwell
Property Tax Bills Across Cecil, Wisconsin
Property tax bills in Cecil, located in Oconto County, WI, are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is evaluated by local assessors. Homeowners in Cecil typically see a median home price of $140,900. The property tax rate in this region is influenced by various factors, including local government budgets and public service funding needs. The tax bill varies significantly, with the 25th percentile paying around $823 annually, while those in the 75th percentile pay approximately $2,018. The top 10% of homeowners might see tax bills as high as $2,739. These variations are due to differences in property values and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Cecil's tax rates can be seen as moderate, impacting homeowners' annual financial planning and potentially influencing property market dynamics.
Average Cecil Tax Bill
$1,467
Average Oconto County Tax Bill
$2,049
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cecil, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54111 | $475 | $823 | $1,467 | $2,018 | $2,739 |
Source: Ownwell