Hustisford, Wisconsin Property Taxes
The median property tax rate in Hustisford, WI is 0.14%, significantly lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Hustisford, the typical annual property tax bill amounts to $284, well below the national median of $2,690. Property taxes in Hustisford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Hustisford'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 Hustisford 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
Hustisford, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.14%
Estimate Property Tax Bill
$278
Ownwell’s Hustisford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hustisford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hustisford 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 Hustisford, Wisconsin
Property taxes in Hustisford, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hustisford is 1.69%, significantly higher than the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Hustisford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hustisford 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 Hustisford's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53034 zip code has the highest median property tax rate of 1.69%, while the 53050 zip code has the lowest median tax rate of 1.53%. Understanding how these cities compare with Hustisford 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 Hustisford Tax Rate
0.14%
Average Dodge County Tax Rate
0.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hustisford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53034 | 0.12% | 0.13% | 0.14% | 0.16% | 0.17% |
Source: Ownwell
Property Tax Assessment Values Across Hustisford, Wisconsin
In Hustisford, 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. Assessment notices in Hustisford 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 Hustisford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 53034 has the highest median tax bill at $284, which is also the lowest median tax bill in the area.
Average Hustisford Assessed Value
$198,400
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 Hustisford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53034 | $57,480 | $140,900 | $198,400 | $256,200 | $329,100 |
Source: Ownwell
Property Tax Bills Across Hustisford, Wisconsin
In Hustisford, Dodge County, WI, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in Hustisford is $198,400, and the local property tax rate is applied to this assessed value to calculate the tax bill. Factors that influence the tax bill include the market value of the property, any improvements or changes to the property, and local budgetary needs for services such as schools, infrastructure, and emergency services. Homeowners in Hustisford can expect their property tax bills to vary. For instance, the 25th percentile tax bill is $209, while the 75th percentile tax bill reaches $368, and the 90th percentile tax bill can be as high as $494. These variations highlight how individual property values and local assessments affect the final tax amount. Compared to the national median property tax rate of 0.99%, Hustisford's rate provides a contextual understanding of how property taxes impact homeowners in the region.
Average Hustisford Tax Bill
$284
Average Dodge County Tax Bill
$288
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hustisford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53034 | $80 | $209 | $284 | $368 | $494 |
Source: Ownwell