Waupun, Wisconsin Property Taxes
The median property tax rate in Waupun, WI is 1.63%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Waupun, the typical annual property tax bill reaches $2,861, exceeding the national median of $2,690. Property taxes in Waupun 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 Waupun'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 Waupun 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
Waupun, 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 Waupun Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Waupun with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waupun 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 Fond du Lac County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Waupun, Wisconsin
Property taxes in Waupun, Wisconsin, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Waupun is 1.63%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Waupun set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waupun 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 Waupun's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53963 zip code has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these cities compare with Waupun provides valuable insights into the varying tax landscape across Fond du Lac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waupun Tax Rate
1.63%
Average Fond Du Lac County Tax Rate
1.74%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waupun, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53963 | 1.21% | 1.30% | 1.63% | 1.70% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Waupun, Wisconsin
In Waupun, 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 Fond du Lac 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 Waupun, 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. The median home price in Waupun is $187,476, with tax bills ranging from $2,123 at the 25th percentile to $4,960 at the 90th percentile. Notably, the zip code 53963 has both the highest and lowest median tax bill at $2,861. 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 Waupun helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Waupun Assessed Value
$187,476
Average Fond Du Lac County Assessed Value
$166,996
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waupun, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53963 | $89,765 | $138,058 | $187,476 | $254,270 | $327,094 |
Source: Ownwell
Property Tax Bills Across Waupun, Wisconsin
In Waupun, Fond du Lac County, WI, property tax bills are calculated based on the assessed value of a home. The median home price in the area is $187,476. Local assessors determine the assessed value, which serves as the basis for the tax bill calculation. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the tax bill, including property location, market conditions, and any applicable exemptions or deductions. For example, the 25th percentile tax bill in Waupun is $2,123, while the 75th percentile tax bill is $3,892, and the 90th percentile tax bill reaches $4,960. These variations highlight how different factors can impact the final tax amount. Homeowners in Waupun face tax bills that can significantly affect their annual expenses, especially when compared to the national median property tax rate of 0.99%. Understanding these components helps homeowners better anticipate their financial responsibilities and plan accordingly.
Average Waupun Tax Bill
$2,861
Average Fond Du Lac County Tax Bill
$2,722
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Waupun, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53963 | $1,266 | $2,123 | $2,861 | $3,892 | $4,960 |
Source: Ownwell