Siren, Polk County, Wisconsin Property Taxes
The median property tax rate in Siren, WI is 1.21%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Siren at $204,500, the typical annual property tax bill reaches $2,618, slightly below the national median of $2,690. Property taxes in Siren are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Siren'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 Siren or another part of Polk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Siren, Polk County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,474
$2,296
Ownwell’s Siren Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Siren with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Siren 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 Siren, Polk County, Wisconsin
Property taxes in Siren, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Siren is 1.21%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Siren set these rates annually, and they can vary significantly across different neighborhoods. Each year, Siren 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 Siren's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54872 zip code has both the highest and lowest median property tax rate of 1.21%. Understanding how these cities compare with Siren 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 Siren Tax Rate
1.21%
Average Polk County Tax Rate
1.13%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Siren, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54872 | 1.12% | 1.17% | 1.21% | 1.27% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Siren, Polk County, Wisconsin
In Siren, 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 Siren, 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. The median home price in Siren is $204,500, with tax bills ranging from $1,536 at the 25th percentile to $3,474 at the 90th percentile. The zip code 54872 has both the highest and lowest median tax bill of $2,618. Being aware of these valuation processes in Siren helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Siren, Polk County, Wisconsin
Source: Ownwell
$66,950
$209,075
$351,200
Average Siren Assessed Value
$204,500
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 Siren, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54872 | $81,140 | $130,000 | $204,500 | $236,000 | $291,080 |
Source: Ownwell
Property Tax Bills Across Siren, Polk County, Wisconsin
In Siren, located in Polk County, WI, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market trends influence the assessed value. For homeowners in Siren, the median home price is $204,500. The property tax rate in this area results in a median tax bill of $2,618, which is significantly higher than the national median property tax rate of 0.99%. Tax bills can vary widely; for example, the 25th percentile tax bill is $1,536, while the 75th percentile tax bill reaches $3,022, and the 90th percentile tax bill is $3,474. These taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting homeowners and the community.
Average Siren Tax Bill
$2,618
Average Polk County Tax Bill
$2,629
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Siren, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54872 | $943 | $1,536 | $2,618 | $3,022 | $3,474 |
Source: Ownwell