Beaver Dam, Wisconsin Property Taxes
The median property tax rate in Beaver Dam, WI is 0.18%, significantly lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Beaver Dam, the typical annual property tax bill reaches $316, far below the national median of $2,690. Property taxes in Beaver Dam 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 Beaver Dam'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 Beaver Dam 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
Beaver Dam, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.18%
Estimate Property Tax Bill
$344
Ownwell’s Beaver Dam Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaver Dam with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaver Dam 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 Dodge County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Beaver Dam, Wisconsin
Property taxes in Beaver Dam, Wisconsin, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Beaver Dam is 1.59%, significantly higher than the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Beaver Dam set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaver Dam 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 Beaver Dam's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the highest median property tax rate in the area is 2.01%, while the lowest median tax rate is 1.59%. Understanding how these cities compare with Beaver Dam provides valuable insights into the varying tax landscape across Dodge County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaver Dam Tax Rate
0.18%
Average Dodge County Tax Rate
0.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaver Dam, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53916 | 0.11% | 0.12% | 0.18% | 0.19% | 0.19% |
Source: Ownwell
Property Tax Assessment Values Across Beaver Dam, Wisconsin
In Beaver Dam, 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 Dodge 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 Beaver Dam, 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 Beaver Dam helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 53916 has both the highest and lowest median tax bill, standing at $316.
Average Beaver Dam Assessed Value
$190,900
Average Dodge County Assessed Value
$188,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaver Dam, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53916 | $98,100 | $144,200 | $190,900 | $261,800 | $352,620 |
Source: Ownwell
Property Tax Bills Across Beaver Dam, Wisconsin
In Beaver Dam, located in Dodge County, WI, property tax bills are calculated based on the assessed value of a home and the property tax rate set by local authorities. The median home price in Beaver Dam is $190,900, which serves as a significant factor in determining the tax bill. The property tax rate in Beaver Dam is applied to the assessed value to calculate the annual tax obligation for homeowners. Homeowners in Beaver Dam can expect a range of tax bills depending on their home's assessed value. The 25th percentile tax bill is approximately $241, while the 75th percentile tax bill is around $411. For those in the 90th percentile, the tax bill can reach up to $543. These figures indicate that tax bills in Beaver Dam can vary widely, impacting homeowners differently based on their property's value. Compared to the national median property tax rate of 0.99%, Beaver Dam's rates reflect local economic conditions and funding needs for community services. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Beaver Dam Tax Bill
$316
Average Dodge County Tax Bill
$288
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaver Dam, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53916 | $163 | $241 | $316 | $411 | $543 |
Source: Ownwell