Comstock, Polk County, Wisconsin Property Taxes
The median property tax rate in Comstock, WI is 0.92%, slightly below the national median of 0.99% and significantly lower than the Wisconsin state median of 1.58%. With the median home value in Comstock at $326,600, the typical annual property tax bill reaches $2,978, surpassing the national median of $2,690. Property taxes in Comstock 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 Comstock'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 Comstock 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
Comstock, Polk County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$3,005
$2,788
Ownwell’s Comstock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Comstock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Comstock 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 Comstock, Polk County, Wisconsin
Property taxes in Comstock, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Comstock is 0.92%, slightly below the U.S. national median of 0.99%. Local government entities within Comstock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Comstock 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 Comstock's effective property tax rate to other areas in Polk County and the national median. For comparison, the 54826 zip code has both the highest and the lowest median property tax rate of 0.92%. Understanding how these areas compare with Comstock provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Comstock Tax Rate
0.92%
Average Polk County Tax Rate
1.13%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Comstock, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54826 | 0.79% | 0.87% | 0.92% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Comstock, Polk County, Wisconsin
In Comstock, 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 Polk 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 Comstock, 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 Comstock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,978, and the lowest median tax bill is also $2,978, both in the 54826 zip code.
Property Tax Assessment Values Across Comstock, Polk County, Wisconsin
Source: Ownwell
$66,950
$209,075
$351,200
Average Comstock Assessed Value
$326,600
Average Polk County Assessed Value
$219,000
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Comstock, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54826 | $65,260 | $172,350 | $326,600 | $458,700 | $625,960 |
Source: Ownwell
Property Tax Bills Across Comstock, Polk County, Wisconsin
In Comstock, WI, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the Polk County assessor and reflects the market value of your property. Once the assessed value is established, it is multiplied by the local tax rate to determine your tax bill. For example, with a median home price of $326,600, homeowners in Comstock can expect a range of property tax bills. The 25th percentile tax bill is $1,429, while the 75th percentile reaches $4,283. The highest tax bills, at the 90th percentile, are around $5,887. These figures illustrate the variability in property tax bills, which can be influenced by factors such as property improvements, neighborhood changes, and shifts in market conditions. Compared to the national median property tax rate of 0.99%, Comstock's tax bills reflect local economic conditions and municipal funding needs, directly impacting homeowners' annual financial obligations.
Average Comstock Tax Bill
$2,978
Average Polk County Tax Bill
$2,629
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Comstock, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54826 | $563 | $1,429 | $2,978 | $4,283 | $5,887 |
Source: Ownwell