Evansville, Wisconsin Property Taxes
The median property tax rate in Evansville, WI is 1.62%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Evansville at $282,044, the typical annual property tax bill reaches $4,578, exceeding the national median of $2,690. Property taxes in Evansville 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 Evansville'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 Evansville 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
Evansville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$4,569
Ownwell’s Evansville Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Evansville with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Evansville to provide an estimated property tax bill. This tool offers a clear understanding of your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Green County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Evansville, Wisconsin
Property taxes in Evansville, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Evansville is 1.62%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Evansville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Evansville 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 Evansville's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 53536 has the highest median property tax rate of 1.62%, while the same zip code also has the lowest median tax rate of 1.62%. Understanding how Evansville compares with other areas in Green County provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Evansville Tax Rate
1.62%
Average Green County Tax Rate
1.78%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Evansville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53536 | 1.26% | 1.57% | 1.62% | 1.66% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Evansville, Wisconsin
In Evansville, 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 Green 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 Evansville, 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 Evansville 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 region are both $4,578, found in the 53536 zip code.
Average Evansville Assessed Value
$282,044
Average Green County Assessed Value
$193,272
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Evansville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53536 | $174,263 | $221,313 | $282,044 | $321,011 | $559,451 |
Source: Ownwell
Property Tax Bills Across Evansville, Wisconsin
In Evansville, located in Green 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 this area is $282,044. The assessed value is determined by the local assessor's office, which evaluates the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Various factors can influence the assessed value, including the home's size, age, location, and condition. In Evansville, the property tax bills can vary significantly, with the 25th percentile at $3,670 and the 75th percentile at $5,486. The 90th percentile tax bill reaches up to $6,725. These figures highlight the range of property tax burdens homeowners might face, which can impact their overall financial planning and housing affordability. Compared to the national median property tax rate of 0.99%, Evansville's property tax rates can be relatively high, affecting homeowners' annual expenses.
Average Evansville Tax Bill
$4,578
Average Green County Tax Bill
$3,636
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Evansville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53536 | $2,813 | $3,670 | $4,578 | $5,486 | $6,725 |
Source: Ownwell