Delavan, Wisconsin Property Taxes
The median property tax rate in Delavan, WI, is 1.40%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Delavan, the typical annual property tax bill reaches $3,072, surpassing the national median of $2,690. Property taxes in Delavan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Delavan'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 Delavan 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
Delavan, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$3,062
Ownwell’s Delavan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delavan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delavan 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 Delavan, Wisconsin
Property taxes in Delavan, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delavan is 1.40%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Delavan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delavan 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 Delavan's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53115 zip code has the highest median property tax rate of 1.40%, while the 53115 zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Delavan provides valuable insights into the varying tax landscape across Walworth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Delavan Tax Rate
1.40%
Average Walworth County Tax Rate
1.30%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delavan, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53115 | 1.13% | 1.28% | 1.40% | 1.57% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Delavan, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Delavan, WI. 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 Walworth 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 Delavan, 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 Delavan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 53115, both at $3,072.
Average Delavan Assessed Value
$218,748
Average Walworth County Assessed Value
$260,578
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Delavan, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53115 | $91,001 | $145,474 | $218,748 | $312,372 | $476,292 |
Source: Ownwell
Property Tax Bills Across Delavan, Wisconsin
In Delavan, property tax bills are calculated based on the assessed value of a home, which is determined by the Walworth County Assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Delavan is $218,748, and homeowners can expect a median property tax bill of approximately $3,072. Several factors influence the tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. For example, the 25th percentile tax bill is around $2,065, while the 75th percentile tax bill is about $4,241. At the higher end, the 90th percentile tax bill reaches $6,254. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Delavan's property tax rates and bills are reflective of the local economic conditions and public service needs, impacting homeowners' annual financial planning.
Average Delavan Tax Bill
$3,072
Average Walworth County Tax Bill
$3,583
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Delavan, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53115 | $1,326 | $2,065 | $3,072 | $4,241 | $6,254 |
Source: Ownwell