Whitewater, Wisconsin Property Taxes
The median property tax rate in Whitewater, WI is 1.57%, which is significantly higher than the national median of 0.99% but just below the Wisconsin state median of 1.58%. With the median home value in Whitewater at $234,719, the typical annual property tax bill reaches $3,570, far exceeding the national median of $2,690. Property taxes in Whitewater are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Whitewater'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 Whitewater 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
Whitewater, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$3,685
Ownwell’s Whitewater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitewater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitewater 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 Whitewater, Wisconsin
Property taxes in Whitewater, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitewater is 1.57%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Whitewater set these rates annually, and they can vary considerably across different neighborhoods. Each year, Whitewater 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 Whitewater's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 53190 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these figures compare with Whitewater 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 Whitewater Tax Rate
1.57%
Average Walworth County Tax Rate
1.30%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitewater, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53190 | 1.15% | 1.27% | 1.57% | 1.68% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Whitewater, Wisconsin
In Whitewater, 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 Walworth 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 Whitewater, 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. For example, the median home price in Whitewater is $234,719, with tax bills ranging from $2,810 at the 25th percentile to $7,081 at the 90th percentile. 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 Whitewater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Whitewater Assessed Value
$234,719
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 Whitewater, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53190 | $138,868 | $182,512 | $234,719 | $336,812 | $534,698 |
Source: Ownwell
Property Tax Bills Across Whitewater, Wisconsin
Property tax bills in Whitewater, located in Walworth County, WI, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors who evaluate the property’s market value. This assessed value is then multiplied by the tax rate set by local taxing authorities to determine the annual tax bill. For homeowners in Whitewater, the median home price is $234,719. The property tax rate in this region influences the tax bill, which can vary significantly. For instance, the 25th percentile tax bill is $2,810, while the 75th percentile tax bill is $4,833, and the 90th percentile tax bill reaches up to $7,081. These figures indicate that while some homeowners may pay lower taxes, others could face higher bills depending on their property's assessed value and specific tax rate. Comparatively, the national median property tax rate is 0.99%, and Whitewater's property tax bills reflect how local values and rates can impact homeowners, affecting their annual financial obligations.
Average Whitewater Tax Bill
$3,570
Average Walworth County Tax Bill
$3,583
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitewater, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53190 | $2,170 | $2,810 | $3,570 | $4,833 | $7,081 |
Source: Ownwell