Sussex, Wisconsin Property Taxes
The median property tax rate in Sussex, WI is 1.44%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Sussex, the typical annual property tax bill reaches $4,851, exceeding the national median of $2,690. Property taxes in Sussex are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sussex'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 Sussex 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
Sussex, 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 Sussex Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sussex with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sussex 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 Sussex, Wisconsin
Property taxes in Sussex, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sussex is 1.44%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Sussex set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sussex 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 Sussex's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 53089 has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these figures compare with Sussex provides valuable insights into the varying tax landscape across Waukesha, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sussex Tax Rate
1.44%
Average Waukesha County Tax Rate
1.34%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sussex, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53089 | 1.00% | 1.23% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Sussex, Wisconsin
In Sussex, 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 Assessor 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 Sussex, 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 Sussex helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sussex are both $4851.00, found in the zip code 53089.
Average Sussex Assessed Value
$370,250
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 Sussex, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53089 | $271,890 | $311,400 | $370,250 | $464,225 | $578,910 |
Source: Ownwell
Property Tax Bills Across Sussex, Wisconsin
In Sussex, located in Waukesha County, WI, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is an estimate of the property's market value, which is determined by the local assessor. For instance, the median home price in Sussex is $370,250. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the final tax bill, including property characteristics, location, and any applicable exemptions. In Sussex, tax bills can vary significantly; the 25th percentile tax bill is around $4,041, while the 75th percentile reaches up to $6,094, and the 90th percentile can be as high as $7,536. This variability in tax bills affects homeowners differently, depending on their property's assessed value and eligibility for exemptions. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Sussex Tax Bill
$4,851
Average Waukesha County Tax Bill
$4,538
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Sussex, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53089 | $3,453 | $4,041 | $4,851 | $6,094 | $7,536 |
Source: Ownwell