Cedar Grove, Wisconsin Property Taxes
The median property tax rate in Cedar Grove, WI is 1.84%, significantly higher than both the national median of 0.99% and Wisconsin's state median of 1.58%. With a median home value of $213,100 in Cedar Grove, the typical annual property tax bill amounts to $3,731, surpassing the national median of $2,690. Property taxes in Cedar Grove are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Cedar Grove'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 Cedar Grove 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
Cedar Grove, 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 Cedar Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedar Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar Grove 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 Cedar Grove, Wisconsin
Property taxes in Cedar Grove, Wisconsin, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Cedar Grove stands at 1.84%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Cedar Grove set these rates annually, and they can vary considerably across different neighborhoods. Each year, Cedar Grove estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided 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 Cedar Grove's effective property tax rate to other areas within Sheboygan County and the national median. For comparison, the highest and lowest median property tax rates in the area are both in Cedar Grove, at 1.84%. Understanding how Cedar Grove compares with other regions provides valuable insights into the varying tax landscape across Sheboygan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedar Grove Tax Rate
1.84%
Average Sheboygan County Tax Rate
1.82%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53013 | 1.42% | 1.42% | 1.84% | 1.84% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Grove, Wisconsin
In Cedar Grove, 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 Sheboygan 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 Cedar Grove, 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 Cedar Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cedar Grove both stand at $3,731, with the zip code 53013 reflecting this amount.
Average Cedar Grove Assessed Value
$213,100
Average Sheboygan County Assessed Value
$188,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedar Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53013 | $148,440 | $174,550 | $213,100 | $289,900 | $401,500 |
Source: Ownwell
Property Tax Bills Across Cedar Grove, Wisconsin
In Cedar Grove, Sheboygan 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 Cedar Grove is $213,100. Property taxes are determined by multiplying the assessed value by the local tax rate, which in Cedar Grove results in a median tax bill of $3,731. This is significantly higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For homeowners in Cedar Grove, tax bills can range widely, with the 25th percentile at $3,134 and the 75th percentile reaching $4,962. At the 90th percentile, tax bills can go up to $6,676. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting community quality and homeowners' financial planning.
Average Cedar Grove Tax Bill
$3,731
Average Sheboygan County Tax Bill
$3,209
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53013 | $2,691 | $3,134 | $3,731 | $4,962 | $6,676 |
Source: Ownwell