Dorchester, Wisconsin Property Taxes
The median property tax rate in Dorchester, WI is 1.81%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Dorchester at $120,450, the typical annual property tax bill reaches $2,174, which is below the national median of $2,690. Property taxes in Dorchester 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 Dorchester'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 Dorchester 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
Dorchester, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$2,180
Ownwell’s Dorchester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dorchester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dorchester 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 Dorchester, Wisconsin
Property taxes in Dorchester, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dorchester is 1.81%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Dorchester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dorchester 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 Dorchester's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54425 has the highest median property tax rate of 1.81%, while the same zip code also has the lowest median tax rate of 1.81%. Understanding how these areas compare with Dorchester provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dorchester Tax Rate
1.81%
Average Clark County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dorchester, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54425 | 1.50% | 1.62% | 1.81% | 1.90% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Dorchester, Wisconsin
In Dorchester, 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 Clark 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 Dorchester, 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 Dorchester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 54425, with a median tax bill of $2,174.
Average Dorchester Assessed Value
$120,450
Average Clark County Assessed Value
$124,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dorchester, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54425 | $50,450 | $89,700 | $120,450 | $164,825 | $207,850 |
Source: Ownwell
Property Tax Bills Across Dorchester, Wisconsin
In Dorchester, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $120,450, homeowners can expect their property tax bill to vary significantly. The tax bill in the 25th percentile is around $1,570, while those in the 75th percentile can see bills up to $2,999. For the top 10% of properties, tax bills can reach as high as $3,717. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how their local rate compares. In Dorchester, the highest and lowest median tax bills are both $2,174, indicating a relatively consistent tax environment within the area.
Average Dorchester Tax Bill
$2,174
Average Clark County Tax Bill
$2,005
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Dorchester, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54425 | $844 | $1,570 | $2,174 | $2,999 | $3,717 |
Source: Ownwell