Union Grove, Wisconsin Property Taxes
The median property tax rate in Union Grove, WI is 1.56%, slightly lower than the state median of 1.58% but still considerably higher than the national median of 0.99%. With the median home value in Union Grove at $252,542, the typical annual property tax bill reaches $3,663, significantly exceeding the national median of $2,690. Property taxes in Union Grove are calculated based on the assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Union Grove's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Union Grove or another part of Racine County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Union Grove, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$3,940
Ownwell’s Union Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Union Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union Grove 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 Union Grove, Wisconsin
Property taxes in Union Grove, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union Grove is 1.56%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Union Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Grove 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 Union Grove's effective property tax rate to other regions in Wisconsin and the national median. For comparison, the zip code 53182 has the highest median property tax rate of 1.56%, while the same zip code also holds the lowest median tax rate of 1.56%. Understanding how these areas compare with Union Grove provides valuable insights into the varying tax landscape across Racine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Union Grove Tax Rate
1.56%
Average Racine County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53182 | 0.87% | 1.38% | 1.56% | 1.65% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Union Grove, Wisconsin
In Union Grove, 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 Racine 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 Union Grove, 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 Union Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Union Grove is $252,542, with the 25th percentile tax bill at $2,656 and the 75th percentile tax bill at $4,928. The zip code with the highest and lowest median tax bill is 53182, both at $3,663.
Average Union Grove Assessed Value
$252,542
Average Racine County Assessed Value
$210,852
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Union Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53182 | $143,145 | $180,898 | $252,542 | $350,542 | $475,130 |
Source: Ownwell
Property Tax Bills Across Union Grove, Wisconsin
In Union Grove, Racine County, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor, who evaluates the property's market value. This value is then multiplied by the tax rate set by various taxing authorities, including the county, school districts, and other local entities. For homeowners in Union Grove, the median home price is $252,542. Property tax bills can vary significantly, with the 25th percentile bill at $2,656 and the 75th percentile reaching $4,928. At the higher end, the 90th percentile tax bill can be as much as $6,733. These figures highlight the range of property tax obligations homeowners might face, depending on their property's assessed value and specific local tax rates. Compared to the national median property tax rate of 0.99%, Union Grove's property taxes reflect the local government's funding needs and the community's overall property values. This impacts homeowners by influencing their annual housing costs and potentially affecting property affordability and resale value.
Average Union Grove Tax Bill
$3,663
Average Racine County Tax Bill
$3,592
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53182 | $1,925 | $2,656 | $3,663 | $4,928 | $6,733 |
Source: Ownwell