Syracuse, Wisconsin Property Taxes
The median property tax rate in Syracuse, WI is 1.51%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Syracuse being $40,700, the typical annual property tax bill reaches $612, which is significantly below the national median of $2,690. Property taxes in Syracuse 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 Syracuse'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 Syracuse 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
Syracuse, 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 Syracuse Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a quick way to estimate their annual property taxes in Syracuse. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Syracuse to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax obligations with ease. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value is determined by Outagamie County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Syracuse, Wisconsin
Property taxes in Syracuse, Wisconsin, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Syracuse is 1.51%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Syracuse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Syracuse 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 Syracuse's effective property tax rate to other counties in Wisconsin and the national median. Understanding how these cities compare with Syracuse provides valuable insights into the varying tax landscape across Outagamie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Syracuse Tax Rate
1.51%
Average Outagamie County Tax Rate
1.71%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Syracuse, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
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Source: Ownwell
Property Tax Assessment Values Across Syracuse, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Syracuse, Wisconsin. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Outagamie 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 Syracuse, 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. For instance, the median home price in Syracuse is $40,700, with tax bills ranging from $609 at the 25th percentile to $708 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Syracuse Assessed Value
$40,700
Average Outagamie County Assessed Value
$190,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Syracuse, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Syracuse, Wisconsin
In Syracuse, located in Outagamie County, WI, property tax bills are calculated based on the assessed value of your home. The median home price in the area is $40,700. Local tax assessors determine the assessed value, which is then multiplied by the property tax rate to calculate the annual tax bill. For homeowners, this means that the value assigned to their property directly impacts their tax liability. Several factors influence the assessed value, including the home's condition, size, and location. In Syracuse, tax bills range significantly: at the 25th percentile, homeowners pay around $609 annually, while at the 75th percentile, the tax bill reaches approximately $643. Those at the 90th percentile can expect to pay up to $708. Given that the national median property tax rate is 0.99%, Syracuse homeowners may find their tax rates relatively manageable. However, these taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly affecting the community's quality of life.
Average Syracuse Tax Bill
$612
Average Outagamie County Tax Bill
$3,156
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Syracuse, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell