Strum, Wisconsin Property Taxes
The median property tax rate in Strum, WI is 1.67%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Strum at $156,800, the typical annual property tax bill reaches $2,678, just below the national median of $2,690. Property taxes in Strum are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Strum'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 Strum 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
Strum, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$2,619
$2,430
Ownwell’s Strum Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Strum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Strum 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 Strum, Wisconsin
Property taxes in Strum, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Strum is 1.67%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Strum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strum 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 Strum's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54770 zip code has the highest median property tax rate of 1.67%, while the same zip code also has the lowest median tax rate of 1.67%. Understanding how these cities compare with Strum provides valuable insights into the varying tax landscape across Trempealeau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Strum Tax Rate
1.67%
Average Trempealeau County Tax Rate
1.65%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Strum, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54770 | 1.40% | 1.54% | 1.67% | 1.78% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Strum, Wisconsin
In Strum, 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 Trempealeau 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. 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 Strum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Strum, the highest median tax bill is $2678 in the 54770 zip code, while the lowest median tax bill is also $2678 in the same zip code. The median home price in Strum is $156,800, with tax bills ranging from $1,828 at the 25th percentile to $4,795 at the 90th percentile.
Average Strum Assessed Value
$156,800
Average Trempealeau County Assessed Value
$169,050
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Strum, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54770 | $67,140 | $110,500 | $156,800 | $216,300 | $285,660 |
Source: Ownwell
Property Tax Bills Across Strum, Wisconsin
In Strum, Trempealeau County, WI, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies a percentage to estimate its taxable value. This assessed value is then multiplied by the local tax rate to determine the tax bill. Several factors influence the final tax bill, including the property's location, its condition, and any applicable exemptions. For example, the median home price in Strum is $156,800, and the tax bills can vary significantly. Homeowners in the 25th percentile pay around $1,828, while those in the 75th percentile see bills closer to $3,584. The top 10% of tax bills can reach up to $4,795. These property taxes fund essential public services such as schools, infrastructure, and emergency services. While the national median property tax rate is 0.99%, Strum's rates reflect the specific needs and budgetary requirements of the local community, significantly impacting homeowners' annual financial planning.
Average Strum Tax Bill
$2,678
Average Trempealeau County Tax Bill
$2,894
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Strum, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54770 | $982 | $1,828 | $2,678 | $3,584 | $4,795 |
Source: Ownwell