Clinton, Wisconsin Property Taxes
The median property tax rate in Clinton, WI is 1.34%, considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Clinton, the typical annual property tax bill reaches $2,650, slightly below the national median of $2,690. Property taxes in Clinton 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 Clinton'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 Clinton 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
Clinton, 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 Clinton Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clinton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Clinton to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Clinton, Wisconsin
Property taxes in Clinton, Wisconsin, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 1.34%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary across different neighborhoods. Each year, Clinton 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 Clinton's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 53525 zip code has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these areas compare with Clinton provides valuable insights into the varying tax landscape across Walworth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clinton Tax Rate
1.34%
Average Walworth County Tax Rate
1.30%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53525 | 1.28% | 1.29% | 1.34% | 1.69% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Wisconsin
In Clinton, 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 local 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 Clinton, 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 Clinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the median home price in Clinton is $203,620. The tax bill ranges from $2,483 at the 25th percentile to $4,277 at the 90th percentile. The zip code 53525 has the highest and lowest median tax bill, both at $2,650.
Average Clinton Assessed Value
$203,620
Average Walworth County Assessed Value
$260,578
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53525 | $165,396 | $189,734 | $203,620 | $239,598 | $264,416 |
Source: Ownwell
Property Tax Bills Across Clinton, Wisconsin
In Clinton, Wisconsin, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Clinton is $203,620, and the property tax rate for Walworth County is relatively high compared to the national median property tax rate of 0.99%. Homeowners in Clinton can expect a range of tax bills, with the 25th percentile at $2,483 and the 75th percentile at $3,407. For those in the 90th percentile, the tax bill can reach up to $4,277. Several factors influence the final tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions. Higher property values and tax rates directly result in higher tax bills, impacting homeowners by increasing their annual financial obligations. The highest median tax bill in the area is $2,650, observed in the zip code 53525. Understanding these factors can help homeowners in Clinton better anticipate their annual property tax expenses and plan accordingly.
Average Clinton Tax Bill
$2,650
Average Walworth County Tax Bill
$3,583
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53525 | $2,207 | $2,483 | $2,650 | $3,407 | $4,277 |
Source: Ownwell