Lebanon, Wisconsin Property Taxes
The median property tax rate in Lebanon, WI is 0.13%, significantly lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $223,850 in Lebanon, the typical annual property tax bill amounts to $305, which is well below the national median of $2,690. Property taxes in Lebanon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Lebanon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Lebanon or another part of Dodge County, being well-informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lebanon, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.13%
Estimate Property Tax Bill
$291
Ownwell’s Lebanon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lebanon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lebanon 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 Lebanon, Wisconsin
Property taxes in Lebanon, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lebanon is 1.76%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Lebanon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lebanon 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 Lebanon's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53003 zip code has the highest median property tax rate of 1.76%, while the 53006 zip code has the lowest median tax rate of 1.53%. Understanding how these cities compare with Lebanon 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 Lebanon Tax Rate
0.13%
Average Dodge County Tax Rate
0.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lebanon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53047 | 0.13% | 0.13% | 0.13% | 0.14% | 0.14% |
Source: Ownwell
Property Tax Assessment Values Across Lebanon, Wisconsin
In Lebanon, 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 Lebanon, 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 Lebanon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Lebanon is $305.00 in the 53047 zip code, while the lowest median tax bill is also $305.00 in the same zip code.
Average Lebanon Assessed Value
$223,850
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 Lebanon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53047 | $145,500 | $180,475 | $223,850 | $251,725 | $291,650 |
Source: Ownwell
Property Tax Bills Across Lebanon, Wisconsin
In Lebanon, Dodge County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Lebanon is approximately $223,850. The property tax rate in this region is influenced by several factors, including local government budgets, school funding, and public services. For homeowners, this means that the amount they owe in property taxes can vary significantly. For instance, the 25th percentile tax bill is around $236, while the 75th percentile tax bill rises to about $345. At the 90th percentile, homeowners might see tax bills as high as $398. These figures demonstrate the range of property tax obligations in Lebanon, which can be influenced by the specific assessed value of individual properties and the corresponding tax rate. Compared to the national median property tax rate of 0.99%, Lebanon's property tax bills reflect the local economic and governmental factors that determine the final amounts owed by homeowners.
Average Lebanon Tax Bill
$305
Average Dodge County Tax Bill
$288
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Lebanon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53047 | $192 | $236 | $305 | $345 | $398 |
Source: Ownwell