Dorchester, Wisconsin Property Taxes
The median property tax rate in Dorchester, WI is 1.38%, noticeably higher than the national median of 0.99% yet lower than the Wisconsin state median of 1.58%. With the median home value in Dorchester at $117,550, the typical annual property tax bill amounts to $1,618, which is below the national median of $2,690. Property taxes in Dorchester are calculated based on the assessed value, often less than the market value due to exemptions like primary residence and agricultural exemptions. Navigating Dorchester's property tax system, exploring available exemptions, and uncovering opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Dorchester or another part of Taylor County, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Dorchester, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$1,622
Ownwell’s Dorchester Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers aiming to estimate their annual property taxes in Dorchester. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Dorchester to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear picture of your potential tax liabilities, making it easier to plan financially. For those interested in more detailed insights, localized information on neighborhood trends is available further down the page. Your property’s assessed value, determined by the county, is crucial for these calculations and includes any applicable exemptions.
Property Tax Rates Across Dorchester, Wisconsin
Property taxes in Dorchester, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dorchester is 1.38%, which is notably higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Dorchester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dorchester 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 Dorchester's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the ZIP code 54425 has the highest median property tax rate of 1.38%, while the same ZIP code also has the lowest median tax rate of 1.38%. Understanding how these areas compare with Dorchester provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dorchester Tax Rate
1.38%
Average Taylor County Tax Rate
1.43%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dorchester, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54425 | 1.26% | 1.33% | 1.38% | 1.41% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Dorchester, Wisconsin
In Dorchester, 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 Taylor 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 Dorchester, 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. For instance, the highest median tax bill in the area is $1618, found in the 54425 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 Dorchester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dorchester Assessed Value
$117,550
Average Taylor County Assessed Value
$122,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dorchester, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54425 | $44,390 | $86,675 | $117,550 | $150,775 | $220,550 |
Source: Ownwell
Property Tax Bills Across Dorchester, Wisconsin
Property tax bills in Dorchester, Taylor County, WI, are determined by assessing the property's value and applying the local tax rate. The assessed value of a home is based on various factors including market conditions, the property's condition, and recent sales of comparable properties. In Dorchester, the median home price is $117,550, and the property tax rates are applied to this assessed value to calculate the annual tax bill. Homeowners in Dorchester can expect to pay varying amounts depending on their property's assessed value. For instance, the 25th percentile tax bill is $1,175, while the 75th percentile tax bill reaches $2,195. At the higher end, the 90th percentile tax bill is $3,033. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, Dorchester's rates reflect the local economic conditions and funding needs, ensuring that homeowners contribute fairly to the community's upkeep.
Average Dorchester Tax Bill
$1,618
Average Taylor County Tax Bill
$1,816
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Dorchester, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54425 | $530 | $1,175 | $1,618 | $2,195 | $3,033 |
Source: Ownwell