Greendale, Wisconsin Property Taxes
The median property tax rate in Greendale, WI is 1.85%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Greendale, the typical annual property tax bill reaches $5,334, exceeding the national median of $2,690. Property taxes in Greendale 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 Greendale'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 Greendale 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
Greendale, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$5,334
Ownwell’s Greendale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greendale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greendale 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 Greendale, Wisconsin
Property taxes in Greendale, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greendale is 1.85%, significantly higher than the U.S. national median of 0.99%. Local government entities within Greendale set these rates annually, and they can vary across different neighborhoods. Each year, Greendale 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 Greendale's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53129 zip code has the highest median property tax rate of 1.85%, while also having the lowest median tax rate of 1.85%. Understanding how these cities compare with Greendale provides valuable insights into the varying tax landscape across Milwaukee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greendale Tax Rate
1.85%
Average Milwaukee County Tax Rate
2.38%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greendale, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53129 | 1.82% | 1.83% | 1.85% | 1.87% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Greendale, Wisconsin
In Greendale, 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 Milwaukee County Assessor's Office 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 Greendale, 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 Greendale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 53129 has the highest and lowest median tax bill at $5334.
Average Greendale Assessed Value
$288,300
Average Milwaukee County Assessed Value
$184,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greendale, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53129 | $215,160 | $251,600 | $288,300 | $338,500 | $414,640 |
Source: Ownwell
Property Tax Bills Across Greendale, Wisconsin
In Greendale, Milwaukee County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the municipal assessor and is meant to reflect the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and condition. For instance, the median home price in Greendale is $288,300, which serves as a baseline for many tax assessments. The tax bills in Greendale can vary widely; the 25th percentile tax bill is $4,622, while the 75th percentile reaches $6,328, and the 90th percentile can go up to $7,809. These tax bills have a significant impact on homeowners, affecting their annual budgets and long-term financial planning. Compared to the national median property tax rate of 0.99%, Greendale's rates can be quite substantial, reflecting the local government's funding needs and the community's property values.
Average Greendale Tax Bill
$5,334
Average Milwaukee County Tax Bill
$3,903
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Greendale, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53129 | $3,946 | $4,622 | $5,334 | $6,328 | $7,809 |
Source: Ownwell