Suamico, Wisconsin Property Taxes
The median property tax rate in Suamico, 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 Suamico at $419,300, the typical annual property tax bill reaches $4,403, surpassing the national median of $2,690. Property taxes in Suamico are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Suamico'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 Suamico 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
Suamico, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$4,403
Ownwell’s Suamico Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Suamico with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Suamico 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 Suamico, Wisconsin
Property taxes in Suamico, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Suamico is 1.05%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Suamico set these rates annually, and they can vary significantly across different neighborhoods. Each year, Suamico 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 Suamico's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54313 zip code has the highest median property tax rate of 1.05%, while the 54313 zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Suamico 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 Suamico 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 Suamico, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54313 | 1.04% | 1.05% | 1.05% | 1.05% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Suamico, Wisconsin
In Suamico, 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 Suamico, 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 Suamico helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54313 has the highest and lowest median tax bill, both at $4,403.
Average Suamico Assessed Value
$419,300
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 Suamico, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54313 | $368,510 | $394,925 | $419,300 | $452,175 | $493,890 |
Source: Ownwell
Property Tax Bills Across Suamico, Wisconsin
In Suamico, located in Oconto County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Suamico is $419,300, with property tax bills varying significantly depending on the assessed value and the specific circumstances of each property. For example, homeowners in the 25th percentile can expect an annual tax bill of approximately $4,134, while those in the 75th percentile might see bills around $4,765. At the 90th percentile, tax bills can reach up to $5,226. These tax bills are influenced by various factors, including the home's market value, local levy rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Suamico's tax rates result in relatively higher tax bills. For homeowners, this means a significant portion of their annual budget must be allocated to property taxes, impacting overall affordability and financial planning.
Average Suamico Tax Bill
$4,403
Average Oconto County Tax Bill
$2,049
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Suamico, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54313 | $3,842 | $4,134 | $4,403 | $4,765 | $5,226 |
Source: Ownwell