Cazenovia, Wisconsin Property Taxes
The median property tax rate in Cazenovia, WI is 1.54%, which is considerably higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With the median home value in Cazenovia at $110,369, the typical annual property tax bill is $1,709, which is below the national median of $2,690. Property taxes in Cazenovia are calculated based on the tax assessed value, often lower than the market value due to exemptions like 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 Sauk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cazenovia, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$1,700
$1,577
Ownwell’s Cazenovia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner 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 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 Sauk County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cazenovia, 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 1.54%, 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 counties in Wisconsin and the national median. For comparison, the 53924 zip code has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Cazenovia provides valuable insights into the varying tax landscape across Sauk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cazenovia Tax Rate
1.54%
Average Sauk County Tax Rate
1.40%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cazenovia, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53924 | 1.31% | 1.40% | 1.54% | 1.57% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Cazenovia, 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 by the Sauk County Assessor 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. The median home price in Cazenovia stands at $110,369. The tax bill for the 25th percentile is $1,149, while the 75th percentile tax bill is $3,006. The highest median tax bill is $1,709 in the 53924 zip code, which also has the lowest median tax bill at the same value. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Cazenovia Assessed Value
$110,369
Average Sauk County Assessed Value
$227,964
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cazenovia, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53924 | $59,844 | $82,580 | $110,369 | $177,362 | $246,980 |
Source: Ownwell
Property Tax Bills Across Cazenovia, Wisconsin
In Cazenovia, Sauk County, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor, who evaluates the property's market value. This value is then multiplied by the tax rate set by local taxing authorities to determine the annual tax bill. For instance, the median home price in Cazenovia is $110,369, which can result in varying tax bills. Factors influencing the tax bill include property size, location, and improvements. Homeowners in the 25th percentile pay around $1,149, while those in the 75th percentile face bills closer to $3,006. At the 90th percentile, tax bills can reach up to $3,813. The highest and lowest median tax bills in the area are both $1,709, found in the 53924 zip code. Compared to the national median property tax rate of 0.99%, these rates can significantly impact homeowners, influencing their overall financial planning and property investment decisions.
Average Cazenovia Tax Bill
$1,709
Average Sauk County Tax Bill
$3,357
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cazenovia, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53924 | $787 | $1,149 | $1,709 | $3,006 | $3,813 |
Source: Ownwell