Big Bend, Wisconsin Property Taxes
The median property tax rate in Big Bend, WI is 1.01%, which is slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Big Bend at $347,500, the typical annual property tax bill reaches $3,782, significantly exceeding the national median of $2,690. Property taxes in Big Bend are calculated 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 Big Bend'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 Big Bend 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
Big Bend, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$3,510
Ownwell’s Big Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Big Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Big Bend 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 Big Bend, Wisconsin
Property taxes in Big Bend, Wisconsin, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Big Bend is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Big Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Big Bend 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 Big Bend's effective property tax rate to other areas in Waukesha County and the national median. For comparison, the zip code 53103 has the highest median property tax rate of 1.01%, while the same zip code 53103 also has the lowest median tax rate of 1.01%. Understanding how these figures compare with Big Bend provides valuable insights into the varying tax landscape across Waukesha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Big Bend Tax Rate
1.01%
Average Waukesha County Tax Rate
1.34%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Big Bend, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53103 | 1.01% | 1.01% | 1.01% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Big Bend, Wisconsin
In Big Bend, 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 Waukesha 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 Big Bend, 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 Big Bend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 53103 has the highest and lowest median tax bill of $3,782.
Average Big Bend Assessed Value
$347,500
Average Waukesha County Assessed Value
$348,408
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Big Bend, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53103 | $213,420 | $261,450 | $347,500 | $423,550 | $511,320 |
Source: Ownwell
Property Tax Bills Across Big Bend, Wisconsin
In Big Bend, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors that influence the assessed value include the home's market value, location, and any improvements or renovations made to the property. For homeowners in Big Bend, the median home price is $347,500. This results in a range of property tax bills, with the 25th percentile at $3,260 and the 75th percentile at $4,450. The tax bill at the 90th percentile reaches up to $5,638. These figures indicate that property taxes in Big Bend can vary significantly based on the assessed value of individual homes. Compared to the national median property tax rate of 0.99%, property taxes in Big Bend, Waukesha County, can be relatively higher, impacting homeowners' annual expenses. Being aware of these factors can help homeowners better understand and anticipate their property tax obligations.
Average Big Bend Tax Bill
$3,782
Average Waukesha County Tax Bill
$4,538
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Big Bend, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53103 | $2,808 | $3,260 | $3,782 | $4,450 | $5,638 |
Source: Ownwell