Kewaskum, Wisconsin Property Taxes
The median property tax rate in Kewaskum, WI is 1.29%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Kewaskum at $243,647, the typical annual property tax bill reaches $2,818, exceeding the national median of $2,690. Property taxes in Kewaskum 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 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
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$3,143
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 essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Kewaskum is 1.29%, significantly higher than 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 areas in Wisconsin and the national median. For comparison, the zip code 53040 has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these figures compare with Kewaskum provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kewaskum Tax Rate
1.29%
Average Washington County Tax Rate
1.22%
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 | 0.91% | 0.92% | 1.29% | 1.34% | 1.37% |
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 Washington 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 median tax bill in Kewaskum is $2818 in the 53040 zip code, while the lowest median tax bill is also $2818 in the same zip code.
Average Kewaskum Assessed Value
$243,647
Average Washington County Assessed Value
$284,190
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 | $159,237 | $195,978 | $243,647 | $306,631 | $403,018 |
Source: Ownwell
Property Tax Bills Across Kewaskum, Wisconsin
In Kewaskum, Washington County, WI, property tax bills are determined by assessing the value of a home and applying the local tax rate. The median home price in this area is $243,647, and the property tax rate is influenced by various factors including the assessed value of the property, local government budgets, and public service funding needs. Homeowners in Kewaskum can expect a significant range in their tax bills, with the 25th percentile at $2,292 and the 75th percentile reaching $3,473. The 90th percentile tax bill can go as high as $4,138, highlighting the variability depending on property values and specific assessments. Compared to the national median property tax rate of 0.99%, the tax bills in Kewaskum reflect the local economic conditions and funding requirements. This system ensures that homeowners contribute fairly to community services and infrastructure, although it can also mean higher expenses for those with more valuable properties.
Average Kewaskum Tax Bill
$2,818
Average Washington County Tax Bill
$3,282
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 | $1,833 | $2,292 | $2,818 | $3,473 | $4,138 |
Source: Ownwell