Genesee Depot, Wisconsin Property Taxes
The median property tax rate in Genesee Depot, WI is 1.12%, which is 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 Genesee Depot at $266,050, the typical annual property tax bill amounts to $2,977, surpassing the national median of $2,690. Property taxes in Genesee Depot are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Genesee Depot'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 Genesee Depot or another part of Waukesha County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Genesee Depot, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$2,980
Ownwell’s Genesee Depot Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Genesee Depot with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Genesee Depot 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 Genesee Depot, Wisconsin
Property taxes in Genesee Depot, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Genesee Depot is 1.12%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Genesee Depot set these rates annually, and they can vary significantly across different neighborhoods. Each year, Genesee Depot 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 Genesee Depot's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 53127 zip code has the highest median property tax rate of 1.12%, while the 53189 zip code has the lowest median tax rate of 0.94%. Understanding how these areas compare with Genesee Depot 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 Genesee Depot Tax Rate
1.12%
Average Waukesha County Tax Rate
1.34%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Genesee Depot, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53118 | 1.00% | 1.02% | 1.05% | 1.09% | 1.11% |
| 53127 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
| 53149 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
| 53189 | 0.94% | 0.94% | 0.94% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Genesee Depot, Wisconsin
In Genesee Depot, 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 Genesee Depot, 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 Genesee Depot helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $3,055 in zip code 53127, while the lowest is $560 in zip code 53189.
Property Tax Assessment Values Across Genesee Depot, Wisconsin
Source: Ownwell
$37,400
$266,250
$495,100
Average Genesee Depot Assessed Value
$266,050
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 Genesee Depot, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53118 | $70,810 | $83,875 | $105,650 | $127,425 | $140,490 |
| 53127 | $200,220 | $243,850 | $273,000 | $338,400 | $530,120 |
| 53149 | $51,100 | $51,100 | $51,100 | $51,100 | $51,100 |
| 53189 | $17,260 | $33,250 | $59,900 | $86,550 | $102,540 |
Source: Ownwell
Property Tax Bills Across Genesee Depot, Wisconsin
In Genesee Depot, located in Waukesha County, WI, property tax bills are calculated based on the assessed value of a homeowner's property. The local government assesses the property's value, which is then multiplied by the tax rate to determine the annual tax bill. Several factors influence this calculation, including the property's market value, location, and any applicable exemptions. Homeowners in Genesee Depot experience a range of property tax bills. The 25th percentile tax bill is $2,617, while the 75th percentile reaches $3,662. For those at the 90th percentile, tax bills can soar to $5,776. The highest median tax bill in the area is $3,055 in the 53127 zip code, while the lowest is $560 in the 53189 zip code. These property taxes significantly impact homeowners, influencing decisions on buying, selling, and maintaining properties. Compared to the national median property tax rate of 0.99%, homeowners in Genesee Depot may find their tax obligations vary widely based on their property's assessed value and location within the county.
Average Genesee Depot Tax Bill
$2,977
Average Waukesha County Tax Bill
$4,538
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Genesee Depot, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53118 | $773 | $890 | $1,085 | $1,279 | $1,396 |
| 53127 | $2,240 | $2,729 | $3,055 | $3,788 | $5,933 |
| 53149 | $571 | $571 | $571 | $571 | $571 |
| 53189 | $162 | $311 | $560 | $809 | $958 |
Source: Ownwell