Waubeka, Wisconsin Property Taxes
The median property tax rate in Waubeka, WI is 1.16%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Waubeka at $207,100, the typical annual property tax bill amounts to $2,473, slightly below the national median of $2,690. Property taxes in Waubeka are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Waubeka'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 Waubeka or another part of Ozaukee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Waubeka, 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 Waubeka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waubeka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waubeka 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 Waubeka, Wisconsin
Property taxes in Waubeka, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waubeka is 1.16%, significantly higher than the U.S. national median of 0.99%. Local government entities within Waubeka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waubeka 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 Waubeka's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53021 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Waubeka provides valuable insights into the varying tax landscape across Ozaukee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waubeka Tax Rate
1.16%
Average Ozaukee County Tax Rate
1.24%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waubeka, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53021 | 1.11% | 1.13% | 1.16% | 1.20% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Waubeka, Wisconsin
In Waubeka, 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 Ozaukee County Assessor 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 Waubeka, 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 Waubeka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Waubeka are both $2,473, found in the 53021 zip code.
Average Waubeka Assessed Value
$207,100
Average Ozaukee County Assessed Value
$339,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waubeka, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53021 | $146,390 | $168,100 | $207,100 | $262,150 | $308,050 |
Source: Ownwell
Property Tax Bills Across Waubeka, Wisconsin
In Waubeka, located in Ozaukee County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. 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 set by local taxing authorities, which includes county, municipal, and school district levies. For homeowners in Waubeka, the median home price is $207,100, and property tax bills can vary significantly. The tax bill at the 25th percentile is $1,932, while at the 75th percentile, it rises to $3,057. At the 90th percentile, homeowners might see a tax bill as high as $3,685. The highest median tax bill in the area is $2,473, reflecting the tax rate's impact on different property values. These property taxes fund essential local services such as public schools, infrastructure, and emergency services. Understanding how these factors affect your tax bill can help homeowners plan their finances more effectively.
Average Waubeka Tax Bill
$2,473
Average Ozaukee County Tax Bill
$4,109
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Waubeka, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53021 | $1,623 | $1,932 | $2,473 | $3,057 | $3,685 |
Source: Ownwell