Delafield, Wisconsin Property Taxes
The median property tax rate in Delafield, WI is 1.33%, noticeably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $471,000 in Delafield, the typical annual property tax bill reaches $5,751, surpassing the national median of $2,690. Property taxes in Delafield are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Delafield'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 Delafield or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Delafield, 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 Delafield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delafield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delafield 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 Delafield, Wisconsin
Property taxes in Delafield, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delafield is 1.33%, which is notably higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Delafield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delafield 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 Delafield's effective property tax rate to other areas in Waukesha County and the national median. For comparison, the zip code 53018 has the highest median property tax rate of 1.33%, while zip code 53029 has the lowest median tax rate of 0.95%. Understanding how these areas compare with Delafield 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 Delafield Tax Rate
1.33%
Average Waukesha County Tax Rate
1.34%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delafield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53018 | 1.09% | 1.09% | 1.33% | 1.33% | 1.33% |
| 53029 | 0.88% | 0.91% | 0.95% | 1.00% | 1.03% |
| 53072 | 0.87% | 0.99% | 1.11% | 1.11% | 1.11% |
| 53188 | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Delafield, Wisconsin
In Delafield, 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 Delafield, 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. Delafield's highest median tax bill is $5,764 in the 53018 zip code, while the lowest is $592 in the 53188 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Delafield Assessed Value
$471,000
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 Delafield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53018 | $275,820 | $353,100 | $471,550 | $643,875 | $911,900 |
| 53029 | $60,840 | $68,400 | $81,000 | $93,600 | $101,160 |
| 53072 | $12,960 | $35,800 | $83,600 | $134,050 | $381,520 |
| 53188 | $54,400 | $54,400 | $54,400 | $54,400 | $54,400 |
Source: Ownwell
Property Tax Bills Across Delafield, Wisconsin
In Delafield, located in Waukesha County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Delafield is $471,000. Homeowners in this area typically see a range of tax bills, with the 25th percentile at $4,146 and the 75th percentile at $7,885. The tax bill can go as high as $10,887 for the 90th percentile. Several factors influence these tax bills, including the assessed value of the property, the local tax rate, and any applicable exemptions or deductions. For instance, the highest median tax bill in Delafield is $5,764 in zip code 53018, while the lowest is $592 in zip code 53188. Compared to the national median property tax rate of 0.99%, Delafield's property taxes can be relatively high, impacting homeowners significantly. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly affecting the community's quality of life.
Average Delafield Tax Bill
$5,751
Average Waukesha County Tax Bill
$4,538
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Delafield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53018 | $3,479 | $4,155 | $5,764 | $7,887 | $10,888 |
| 53029 | $616 | $666 | $750 | $833 | $883 |
| 53072 | $144 | $335 | $926 | $1,327 | $4,223 |
| 53188 | $592 | $592 | $592 | $592 | $592 |
Source: Ownwell