Glenwood City, Wisconsin Property Taxes
The median property tax rate in Glenwood City, WI is 1.38%, considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Glenwood City at $174,200, the typical annual property tax bill reaches $2,383, slightly below the national median of $2,690. Property taxes in Glenwood City 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 Glenwood City'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 Glenwood City 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
Glenwood City, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$2,404
$2,231
Ownwell’s Glenwood City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenwood City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenwood City 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 Glenwood City, Wisconsin
Property taxes in Glenwood City, Wisconsin, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenwood City is 1.38%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Glenwood City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenwood City 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 Glenwood City's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54013 zip code has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Glenwood City provides valuable insights into the varying tax landscape across St. Croix County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glenwood City Tax Rate
1.38%
Average St. Croix County Tax Rate
1.50%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenwood City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54013 | 1.06% | 1.24% | 1.38% | 1.45% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Glenwood City, Wisconsin
In Glenwood City, 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 St. Croix 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 Glenwood City, 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 Glenwood City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Glenwood City are both $2,383, found in the 54013 zip code.
Property Tax Assessment Values Across Glenwood City, Wisconsin
Source: Ownwell
$151,900
$284,225
$416,550
Average Glenwood City Assessed Value
$174,200
Average St. Croix County Assessed Value
$270,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glenwood City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54013 | $51,680 | $122,900 | $174,200 | $245,400 | $333,300 |
Source: Ownwell
Property Tax Bills Across Glenwood City, Wisconsin
In Glenwood City, located in St. Croix County, WI, property tax bills are determined based on the assessed value of the home and the local tax rate. The median home price in this area is $174,200. The assessed value is multiplied by the local tax rate to calculate the annual property tax bill. For example, homeowners in Glenwood City can expect their property tax bills to vary significantly. The tax bill at the 25th percentile is $1,635, while at the 75th percentile, it rises to $3,294. The top 10% of property tax bills can reach as high as $4,424. These figures reflect the variability in property values and the corresponding tax rates within the area. Compared to the national median property tax rate of 0.99%, Glenwood City's tax rates can lead to substantial annual tax bills, impacting homeowners' financial planning and budget. The highest median tax bill in the region is $2,383, found in the 54013 zip code, illustrating the range of tax burdens within the county.
Average Glenwood City Tax Bill
$2,383
Average St. Croix County Tax Bill
$3,981
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenwood City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54013 | $667 | $1,635 | $2,383 | $3,294 | $4,424 |
Source: Ownwell