Brooklyn, Wisconsin Property Taxes
The median property tax rate in Brooklyn, 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 Brooklyn at $282,169, the typical annual property tax bill reaches $5,145, exceeding the national median of $2,690. Property taxes in Brooklyn 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 Brooklyn'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 Brooklyn or another part of Green County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brooklyn, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$5,107
Ownwell’s Brooklyn Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brooklyn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brooklyn 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 Brooklyn, Wisconsin
Property taxes in Brooklyn, Wisconsin, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Brooklyn is 1.81%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Brooklyn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brooklyn 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 Brooklyn's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 53521 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 Brooklyn provides valuable insights into the varying tax landscape across Green County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brooklyn Tax Rate
1.81%
Average Green County Tax Rate
1.78%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brooklyn, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53521 | 1.71% | 1.77% | 1.81% | 2.03% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Brooklyn, Wisconsin
In Brooklyn, 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 Green 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 Brooklyn, 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. Brooklyn's median home price stands at $282,169, with the tax bill for the 25th percentile at $3,990 and the 75th percentile at $6,715. The highest and lowest median tax bills are both $5,145 in the 53521 zip code. 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 Brooklyn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brooklyn Assessed Value
$282,169
Average Green County Assessed Value
$193,272
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brooklyn, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53521 | $158,635 | $209,529 | $282,169 | $359,843 | $436,968 |
Source: Ownwell
Property Tax Bills Across Brooklyn, Wisconsin
In Brooklyn, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Brooklyn is $282,169. Homeowners in this area face property tax bills that vary significantly, with the 25th percentile at $3,990 and the 75th percentile reaching $6,715. The 90th percentile tax bill can go up to $7,852, indicating that higher-valued properties incur substantially larger tax obligations. Factors that influence the tax bill include the assessed value of the property, which is determined by local assessors, and the tax rate set by the county and other taxing entities. These rates fund essential public services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Brooklyn homeowners may find their tax bills relatively high, reflecting the higher median home values and local tax rates. This can significantly impact homeowners, affecting monthly mortgage payments and overall housing affordability.
Average Brooklyn Tax Bill
$5,145
Average Green County Tax Bill
$3,636
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Brooklyn, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53521 | $3,133 | $3,990 | $5,145 | $6,715 | $7,852 |
Source: Ownwell