Nashotah, Wisconsin Property Taxes
The median property tax rate in Nashotah, WI is 1.11%, 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 Nashotah at $491,800, the typical annual property tax bill reaches $5,090, surpassing the national median of $2,690. Property taxes in Nashotah 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 Nashotah'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 Nashotah 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
Nashotah, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$5,459
Ownwell’s Nashotah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nashotah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nashotah 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 Waukesha County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Nashotah, Wisconsin
Property taxes in Nashotah, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nashotah is 1.11%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Nashotah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nashotah 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 Nashotah's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53058 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Nashotah 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 Nashotah Tax Rate
1.11%
Average Waukesha County Tax Rate
1.34%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nashotah, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53058 | 0.84% | 0.90% | 1.11% | 1.11% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Nashotah, Wisconsin
In Nashotah, 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 Nashotah, 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 Nashotah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $5,090 in the 53058 zip code, while the lowest median tax bill is also $5,090 in the same zip code.
Average Nashotah Assessed Value
$491,800
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 Nashotah, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53058 | $240,600 | $347,500 | $491,800 | $716,850 | $1,376,820 |
Source: Ownwell
Property Tax Bills Across Nashotah, Wisconsin
In Nashotah, located in Waukesha County, WI, property tax bills are calculated based on the assessed value of a home 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 local tax rate to determine the annual property tax bill. For instance, with a median home price of $491,800, property taxes can vary significantly. Homeowners in Nashotah can expect to pay a property tax bill that ranges from $3,382 at the 25th percentile to $14,964 at the 90th percentile. The median tax bill in the area is $5,090, which is significantly higher than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure. High property taxes can impact homeowners by increasing the overall cost of homeownership, but they also contribute to maintaining and improving community services and amenities.
Average Nashotah Tax Bill
$5,090
Average Waukesha County Tax Bill
$4,538
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Nashotah, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53058 | $2,665 | $3,382 | $5,090 | $7,714 | $14,964 |
Source: Ownwell