Kewaskum, Wisconsin Property Taxes
The median property tax rate in Kewaskum, WI is 1.28%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Kewaskum at $225,700, the typical annual property tax bill reaches $2,925, exceeding the national median of $2,690. Property taxes in Kewaskum are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kewaskum'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 Kewaskum 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
Kewaskum, 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 KEWASKUM Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in KEWASKUM with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in KEWASKUM 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 Kewaskum, Wisconsin
Property taxes in Kewaskum, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kewaskum is 1.28%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Kewaskum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kewaskum 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 Kewaskum's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53040 zip code has the highest median property tax rate of 1.28%, while the 53040 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Kewaskum provides valuable insights into the varying tax landscape across Sheboygan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kewaskum Tax Rate
1.28%
Average Sheboygan County Tax Rate
1.82%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kewaskum, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53040 | 1.22% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Kewaskum, Wisconsin
In Kewaskum, 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 Sheboygan 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 Kewaskum, 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 Kewaskum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kewaskum are both $2925, found in the 53040 zip code.
Average Kewaskum Assessed Value
$225,700
Average Sheboygan County Assessed Value
$188,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kewaskum, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53040 | $150,720 | $187,700 | $225,700 | $271,300 | $368,760 |
Source: Ownwell
Property Tax Bills Across Kewaskum, Wisconsin
In Kewaskum, located in Sheboygan County, WI, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Kewaskum is $225,700, and property taxes are determined by multiplying the assessed value by the local tax rate. This rate is influenced by various factors, including the budgetary needs of local government services such as schools, infrastructure, and emergency services. Homeowners in Kewaskum can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is approximately $2,394, while the 75th percentile tax bill is around $3,559. At the higher end, the 90th percentile tax bill reaches up to $4,523. The highest and lowest median tax bills in the area both stand at $2,925, indicating a relatively consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Kewaskum's property taxes reflect the specific financial needs and priorities of the local community. This impacts homeowners by contributing to the overall cost of owning property in the area.
Average Kewaskum Tax Bill
$2,925
Average Sheboygan County Tax Bill
$3,209
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Kewaskum, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53040 | $1,899 | $2,394 | $2,925 | $3,559 | $4,523 |
Source: Ownwell