Cazenovia, Richland County, Wisconsin Property Taxes
The median property tax rate in Cazenovia, Wisconsin is 1.65%, which is considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Cazenovia, the typical annual property tax bill reaches $1,564, exceeding the national median of $2,690. Property taxes in Cazenovia 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 Cazenovia'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 Cazenovia 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
Cazenovia, Richland County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$1,329
$1,233
Ownwell’s Cazenovia Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Cazenovia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cazenovia to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-specific trends, additional localized information is available below. 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 Cazenovia, Richland County, Wisconsin
Property taxes in Cazenovia, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cazenovia is 1.65%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Cazenovia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cazenovia 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 Cazenovia's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 53924 zip code has the highest median property tax rate of 1.65%, while the same zip code also has the lowest median tax rate of 1.65%. Understanding how these areas compare with Cazenovia provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cazenovia Tax Rate
1.65%
Average Richland County Tax Rate
1.66%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cazenovia, Richland County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53924 | 1.34% | 1.42% | 1.65% | 1.86% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Cazenovia, Richland County, Wisconsin
In Cazenovia, 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 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 Cazenovia, 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 Cazenovia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cazenovia is $80,550, with the highest and lowest median tax bills both at $1,564 in the zip code 53924.
Property Tax Assessment Values Across Cazenovia, Richland County, Wisconsin
Source: Ownwell
$80,550
$97,700
$114,850
Average Cazenovia Assessed Value
$80,550
Average Richland County Assessed Value
$97,250
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cazenovia, Richland County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53924 | $37,440 | $45,700 | $80,550 | $174,550 | $296,770 |
Source: Ownwell
Property Tax Bills Across Cazenovia, Richland County, Wisconsin
In Cazenovia, located in Richland County, WI, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Cazenovia stands at $80,550. Property taxes are determined by multiplying the assessed value of the property by the local tax rate. For instance, homeowners in Cazenovia face a median tax bill of $1,564, which is notably higher than the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's assessed value, which is determined by local assessors, and any applicable exemptions or deductions. The tax burden can vary significantly; for example, the 25th percentile tax bill is $658, while the 75th percentile tax bill reaches $3,003, and the 90th percentile hits $4,598. This wide range indicates that homeowners with higher-valued properties or fewer exemptions will pay more in property taxes. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations and manage their finances effectively.
Average Cazenovia Tax Bill
$1,564
Average Richland County Tax Bill
$1,704
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cazenovia, Richland County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53924 | $563 | $658 | $1,564 | $3,003 | $4,598 |
Source: Ownwell