Zenda, Wisconsin Property Taxes
The median property tax rate in Zenda, WI is 0.95%, which is slightly lower than the national median of 0.99% and significantly below Wisconsin's state median of 1.58%. With a median home value of $153,226 in Zenda, the typical annual property tax bill amounts to $1,463, well under the national median of $2,690. Property taxes in Zenda are based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Zenda'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 Zenda 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
Zenda, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$1,456
Ownwell’s Zenda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Zenda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Zenda 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 Zenda, Wisconsin
Property taxes in Zenda, Wisconsin, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Zenda stands at 0.95%, which is slightly below the U.S. national median of 0.99%. Local government entities within Zenda set these rates annually, and they can vary across different neighborhoods. Each year, Zenda 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 Zenda's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 53195 has both the highest and lowest median property tax rate at 0.95%. Understanding how these areas compare with Zenda 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 Zenda Tax Rate
0.95%
Average Walworth County Tax Rate
1.30%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Zenda, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53195 | 0.90% | 0.91% | 0.95% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Zenda, Wisconsin
In Zenda, 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 Zenda, 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. The median home price in Zenda is $153,226, with tax bills ranging from $1,371 at the 25th percentile to $1,885 at the 90th percentile. The zip code 53195 has both the highest and lowest median tax bill at $1,463. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Zenda Assessed Value
$153,226
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 Zenda, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53195 | $139,999 | $146,188 | $153,226 | $173,890 | $204,606 |
Source: Ownwell
Property Tax Bills Across Zenda, Wisconsin
In Zenda, WI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the property tax rate set by local taxing authorities. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. For homeowners in Zenda, the median home price is $153,226. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,371 and the 75th percentile at $1,673. The 90th percentile tax bill reaches $1,885, reflecting higher-valued properties or areas with higher tax rates. Comparatively, the national median property tax rate is 0.99%, which helps put Zenda's tax landscape into perspective. Homeowners in Zenda might experience a range of tax burdens depending on their property's assessed value and specific location within Walworth County. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Zenda Tax Bill
$1,463
Average Walworth County Tax Bill
$3,583
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Zenda, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53195 | $1,369 | $1,371 | $1,463 | $1,673 | $1,885 |
Source: Ownwell