Denmark, Wisconsin Property Taxes
The median property tax rate in Denmark, WI is 1.34%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $203,500, the typical annual property tax bill in Denmark reaches $2,690, matching the national median. Property taxes in Denmark are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Denmark'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 Denmark or another part of Kewaunee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Denmark, 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 Denmark Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Denmark. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Denmark to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities, making financial planning easier. For those interested in more detailed insights, localized information on neighborhood trends is also available. Your property’s assessed value is determined by Kewaunee County for tax purposes, considering any applicable exemptions.
Property Tax Rates Across Denmark, Wisconsin
Property taxes in Denmark, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Denmark is 1.34%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Denmark set these rates annually, and they can vary significantly across different neighborhoods. Each year, Denmark 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 Denmark's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54208 has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these areas compare with Denmark provides valuable insights into the varying tax landscape across Kewaunee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Denmark Tax Rate
1.34%
Average Kewaunee County Tax Rate
1.45%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Denmark, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54208 | 1.24% | 1.29% | 1.34% | 1.38% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Denmark, Wisconsin
In Denmark, 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 Kewaunee 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 Denmark, 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 Denmark 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 54208, at $2,690, and the one with the lowest is also 54208, at $2,690.
Average Denmark Assessed Value
$203,500
Average Kewaunee County Assessed Value
$180,100
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Denmark, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54208 | $83,680 | $144,500 | $203,500 | $272,600 | $348,320 |
Source: Ownwell
Property Tax Bills Across Denmark, Wisconsin
In Denmark, located in Kewaunee County, WI, property tax bills are calculated based on the assessed value of a property. This assessed value is determined by local assessors who evaluate the property's market value. The property tax rate in Denmark is then applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $203,500, homeowners can expect varying tax bills depending on specific factors like property size, location, and improvements. The tax bill can range significantly. At the 25th percentile, homeowners might pay around $1,868, while those at the 75th percentile could see bills as high as $3,694. For properties at the 90th percentile, the tax bill can reach up to $4,779. These variations highlight how individual property characteristics and assessment practices influence tax liabilities. Compared to the national median property tax rate of 0.99%, Denmark's rates reflect both the local government's funding needs and the community's property values. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Denmark Tax Bill
$2,690
Average Kewaunee County Tax Bill
$2,834
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Denmark, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54208 | $1,060 | $1,868 | $2,690 | $3,694 | $4,779 |
Source: Ownwell