Dousman, Wisconsin Property Taxes
The median property tax rate in Dousman, WI is 1.07%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Dousman at $435,400, the typical annual property tax bill reaches $4,891, significantly surpassing the national median of $2,690. Property taxes in Dousman are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dousman'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 Dousman 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
Dousman, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$4,659
Ownwell’s Dousman Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Dousman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dousman 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 Waukesha County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Dousman, Wisconsin
Property taxes in Dousman, Wisconsin, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Dousman is 1.07%, which is higher than the U.S. national median of 0.99%. Local government entities within Dousman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dousman 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 Dousman's effective property tax rate to other areas in Waukesha County and the national median. For comparison, the zip code 53118 has both the highest and lowest median property tax rate of 1.07%. Understanding how these areas compare with Dousman provides valuable insights into the varying tax landscape across Waukesha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dousman Tax Rate
1.07%
Average Waukesha County Tax Rate
1.34%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dousman, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53118 | 0.99% | 1.07% | 1.07% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Dousman, Wisconsin
In Dousman, 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 Waukesha 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 Dousman, 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 Dousman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $4,891, found in zip code 53118, which is also the lowest.
Average Dousman Assessed Value
$435,400
Average Waukesha County Assessed Value
$348,408
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dousman, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53118 | $268,960 | $335,500 | $435,400 | $529,800 | $645,020 |
Source: Ownwell
Property Tax Bills Across Dousman, Wisconsin
In Dousman, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Dousman is $435,400, and homeowners can expect to pay a significant amount in property taxes each year. The tax bill for the 25th percentile is $4,123, while the 75th percentile sees bills around $6,147. At the 90th percentile, homeowners face tax bills as high as $7,861. These figures highlight the variability in property tax burdens, influenced by factors such as property size, location, and improvements. The highest and lowest median tax bills in the area both stand at $4,891, indicating a relatively consistent tax rate across different zip codes within Dousman. Compared to the national median property tax rate of 0.99%, Dousman's property taxes can be considered relatively high, impacting homeowners' financial planning and the overall cost of homeownership. Understanding these factors can help residents better anticipate their annual property tax obligations.
Average Dousman Tax Bill
$4,891
Average Waukesha County Tax Bill
$4,538
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Dousman, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53118 | $3,349 | $4,123 | $4,891 | $6,147 | $7,861 |
Source: Ownwell