Ixonia, Wisconsin Property Taxes
The median property tax rate in Ixonia, WI is 1.24%, 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 Ixonia at $416,550, the typical annual property tax bill reaches $5,180, significantly exceeding the national median of $2,690. Property taxes in Ixonia 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 Ixonia'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 Ixonia or another part of Waukesha County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ixonia, 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 Ixonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ixonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ixonia 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 Ixonia, Wisconsin
Property taxes in Ixonia, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ixonia is 1.24%, which is significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Ixonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ixonia 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 Ixonia's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53036 zip code has the highest median property tax rate of 1.24%, while the same 53036 zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Ixonia 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 Ixonia Tax Rate
1.24%
Average Waukesha County Tax Rate
1.34%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ixonia, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53036 | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Ixonia, Wisconsin
In Ixonia, 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 Ixonia, 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 Ixonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 53036 at $5,180, which is also the lowest median tax bill in the area.
Average Ixonia Assessed Value
$416,550
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 Ixonia, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53036 | $351,570 | $378,575 | $416,550 | $476,050 | $596,830 |
Source: Ownwell
Property Tax Bills Across Ixonia, Wisconsin
In Ixonia, located in Waukesha County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in this area see their property values assessed to determine their tax obligations. The median home price in Ixonia is $416,550, with property tax rates creating a notable impact on annual tax bills. For instance, the 25th percentile tax bill is $4,706, while the 75th percentile tax bill reaches $5,903. At the higher end, the 90th percentile tax bill can be as much as $7,422. These figures highlight how property taxes can vary significantly within the same locality. Compared to the national median property tax rate of 0.99%, Ixonia's property tax rates can lead to substantial annual expenses for homeowners. Factors such as the assessed value of the property and local tax levies play crucial roles in determining the final tax bill. Consequently, homeowners in Ixonia need to be mindful of these assessments, as they directly affect their financial planning and overall housing costs.
Average Ixonia Tax Bill
$5,180
Average Waukesha County Tax Bill
$4,538
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Ixonia, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53036 | $4,372 | $4,706 | $5,180 | $5,903 | $7,422 |
Source: Ownwell