Cushing, Wisconsin Property Taxes
The median property tax rate in Cushing, WI is 1.08%, slightly above the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Cushing at $170,900, the typical annual property tax bill is $1,746, which is below the national median of $2,690. Property taxes in Cushing are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Cushing'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 Cushing 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
Cushing, 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 Cushing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cushing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cushing 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 Cushing, Wisconsin
Property taxes in Cushing, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cushing is 1.08%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Cushing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cushing 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 Cushing's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54006 zip code has the highest median property tax rate of 1.08%, while 54006 also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Cushing 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 Cushing Tax Rate
1.08%
Average Polk County Tax Rate
1.13%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cushing, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54006 | 0.90% | 0.98% | 1.08% | 1.13% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Cushing, Wisconsin
In Cushing, 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 local 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 Cushing, 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 example, the highest median tax bill in Cushing is $1746 in the 54006 zip code, while the lowest median tax bill is also $1746 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cushing Assessed Value
$170,900
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 Cushing, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54006 | $68,780 | $114,700 | $170,900 | $242,000 | $320,580 |
Source: Ownwell
Property Tax Bills Across Cushing, Wisconsin
Property tax bills in Cushing, Polk County, WI, are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate. In Cushing, the median home price stands at $170,900. This valuation, combined with the local tax rate, results in varying tax bills for homeowners. Factors influencing the tax bill include the property's assessed value, the tax rate set by local taxing authorities, and any applicable exemptions or deductions. Homeowners in Cushing can see tax bills ranging from $1,169 at the 25th percentile to $3,622 at the 90th percentile. The median property tax bill in the 54006 zip code is $1,746, which is close to the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Consequently, understanding how property tax bills are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Cushing Tax Bill
$1,746
Average Polk County Tax Bill
$2,629
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cushing, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54006 | $600 | $1,169 | $1,746 | $2,628 | $3,622 |
Source: Ownwell