Hollandale, Wisconsin Property Taxes
The median property tax rate in Hollandale, WI is 1.30%, notably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $392,800 in Hollandale, the typical annual property tax bill reaches $5,113, surpassing the national median of $2,690. Property taxes in Hollandale 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 Hollandale'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 Hollandale 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
Hollandale, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$5,106
Ownwell’s Hollandale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hollandale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hollandale 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 Hollandale, Wisconsin
Property taxes in Hollandale, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hollandale is 1.30%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Hollandale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hollandale 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 Hollandale's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53544 zip code has the highest median property tax rate of 1.30%, while the 53544 zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Hollandale provides valuable insights into the varying tax landscape across Dane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hollandale Tax Rate
1.30%
Average Dane County Tax Rate
2.02%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hollandale, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53544 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Hollandale, Wisconsin
In Hollandale, 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 Dane 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 Hollandale, 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 Hollandale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area, both amounting to $5,113, are found in zip code 53544.
Average Hollandale Assessed Value
$392,800
Average Dane County Assessed Value
$304,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hollandale, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53544 | $392,800 | $392,800 | $392,800 | $392,800 | $392,800 |
Source: Ownwell
Property Tax Bills Across Hollandale, Wisconsin
In Hollandale, located in Dane County, WI, property tax bills are calculated based on the assessed value of the property. The local tax assessor determines this value, which is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Hollandale experience a median tax bill of $5,113, which is significantly higher than the national median property tax rate of 0.99%. This high tax bill reflects the area's property values and the services funded by these taxes, such as public schools and infrastructure. Factors influencing the tax bill include the property's assessed value, which is derived from market value, and any applicable exemptions or deductions. For example, properties in the 25th, 75th, and 90th percentiles all share the same median tax bill of $5,113, highlighting a uniform tax rate across various property values. Homeowners must account for these taxes as a substantial part of their annual housing costs, impacting overall affordability and financial planning.
Average Hollandale Tax Bill
$5,113
Average Dane County Tax Bill
$7,324
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hollandale, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53544 | $5,113 | $5,113 | $5,113 | $5,113 | $5,113 |
Source: Ownwell