Cleveland, Wisconsin Property Taxes
The median property tax rate in Cleveland, WI is 1.66%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Cleveland at $218,900, the typical annual property tax bill reaches $3,566, exceeding the national median of $2,690. Property taxes in Cleveland 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 Cleveland'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 Cleveland 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
Cleveland, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$3,634
Ownwell’s Cleveland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cleveland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cleveland 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 Cleveland, Wisconsin
Property taxes in Cleveland, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cleveland is 1.66%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cleveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleveland 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 Cleveland's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 53015 has the highest median property tax rate of 1.66%, while the lowest median tax rate is also 1.66% in the same zip code. Understanding how these cities compare with Cleveland 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 Cleveland Tax Rate
1.66%
Average Sheboygan County Tax Rate
1.82%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleveland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53015 | 1.54% | 1.63% | 1.66% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Cleveland, Wisconsin
In Cleveland, 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 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 Cleveland, 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 Cleveland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill is $3,566 in zip code 53015, while the lowest median tax bill is also $3,566 in the same zip code.
Average Cleveland Assessed Value
$218,900
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 Cleveland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53015 | $134,040 | $177,200 | $218,900 | $279,700 | $367,600 |
Source: Ownwell
Property Tax Bills Across Cleveland, Wisconsin
Property tax bills in Cleveland, Sheboygan County, WI, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. Homeowners in Cleveland face a property tax rate that contributes to a median tax bill of $3,566, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property location, home size, and market conditions. For instance, the tax bill at the 25th percentile is $2,835, while at the 75th percentile, it rises to $4,561, and at the 90th percentile, it reaches $6,044. These variations highlight how different property characteristics can affect the amount homeowners owe. High property taxes can place a financial burden on homeowners, impacting affordability and long-term financial planning. Understanding these factors helps homeowners anticipate their annual expenses and plan accordingly.
Average Cleveland Tax Bill
$3,566
Average Sheboygan County Tax Bill
$3,209
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleveland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53015 | $2,223 | $2,835 | $3,566 | $4,561 | $6,044 |
Source: Ownwell