Hazel Green, Wisconsin Property Taxes
The median property tax rate in Hazel Green, WI is 1.58%, aligning with the Wisconsin state median but significantly higher than the national median of 0.99%. With a median home value of $140,600, the typical annual property tax bill in Hazel Green reaches $2,226, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Hazel Green'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 Hazel Green or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hazel Green, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Hazel Green Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hazel Green with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hazel Green 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 Hazel Green, Wisconsin
Property taxes in Hazel Green, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hazel Green is 1.58%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Hazel Green set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hazel Green 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 Hazel Green's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 53811 zip code has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with Hazel Green provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hazel Green Tax Rate
1.58%
Average Grant County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hazel Green, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53811 | 1.27% | 1.36% | 1.58% | 1.64% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Hazel Green, Wisconsin
In Hazel Green, 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 Grant 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 Hazel Green, 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 Hazel Green helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 53811, with a value of $2226, while the lowest median tax bill is also in the same zip code at $2226.
Average Hazel Green Assessed Value
$140,600
Average Grant County Assessed Value
$141,950
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hazel Green, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53811 | $63,870 | $98,575 | $140,600 | $251,800 | $361,030 |
Source: Ownwell
Property Tax Bills Across Hazel Green, Wisconsin
In Hazel Green, WI, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Hazel Green is $140,600. The tax bill for homeowners varies significantly, ranging from $1,558 at the 25th percentile to $5,309 at the 90th percentile. This variation is influenced by factors such as the property's assessed value, exemptions, and specific local tax rates. The median property tax rate in Hazel Green's county is 1.58%, which is higher than the national median property tax rate of 0.99%. Homeowners in Hazel Green can expect their property tax bills to be a considerable annual expense, impacting their overall cost of homeownership. For instance, a homeowner with a property valued at the median price might pay around $2,226 annually, which is reflective of the county's highest and lowest median tax bill recorded in the same zip code, 53811. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Hazel Green Tax Bill
$2,226
Average Grant County Tax Bill
$2,159
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hazel Green, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53811 | $1,011 | $1,558 | $2,226 | $3,313 | $5,309 |
Source: Ownwell