Hawthorne, Wisconsin Property Taxes
The median property tax rate in Hawthorne, WI is 1.10%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Hawthorne at $151,700, the typical annual property tax bill is $1,652, which is below the national median of $2,690. Property taxes in Hawthorne are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Hawthorne'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 Hawthorne 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
Hawthorne, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$1,669
Ownwell’s Hawthorne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hawthorne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hawthorne 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 Hawthorne, Wisconsin
Property taxes in Hawthorne, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hawthorne is 1.10%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Hawthorne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hawthorne 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 Hawthorne's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54842 has both the highest and lowest median property tax rate of 1.10%. Understanding how these areas compare with Hawthorne provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hawthorne Tax Rate
1.10%
Average Douglas County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hawthorne, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54842 | 0.92% | 1.03% | 1.10% | 1.14% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Hawthorne, Wisconsin
In Hawthorne, 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 Douglas 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 Hawthorne, 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 Hawthorne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,652, found in the 54842 zip code.
Average Hawthorne Assessed Value
$151,700
Average Douglas County Assessed Value
$170,250
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hawthorne, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54842 | $82,960 | $120,350 | $151,700 | $197,750 | $233,360 |
Source: Ownwell
Property Tax Bills Across Hawthorne, Wisconsin
In Hawthorne, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Douglas County. The assessed value is determined by local assessors who evaluate the market value of the property. This value is then multiplied by the tax rate to calculate the annual tax bill. For instance, with a median home price of $151,700, homeowners in Hawthorne see a range of tax bills. The 25th percentile tax bill is $1,275, while the 75th percentile tax bill is $2,262, and the 90th percentile tax bill reaches $2,717. These property taxes fund essential public services such as schools, emergency services, and infrastructure. Comparing this to the national median property tax rate of 0.99%, Hawthorne's tax rates reflect the specific needs and budgetary requirements of the local community. For homeowners, understanding these factors is crucial, as property taxes significantly impact annual housing costs and overall financial planning.
Average Hawthorne Tax Bill
$1,652
Average Douglas County Tax Bill
$2,072
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hawthorne, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54842 | $778 | $1,275 | $1,652 | $2,262 | $2,717 |
Source: Ownwell