Blue Mounds, Wisconsin Property Taxes
The median property tax rate in Blue Mounds, WI is 1.61%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Blue Mounds at $292,400, the typical annual property tax bill reaches $4,583, exceeding the national median of $2,690. Property taxes in Blue Mounds 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 Blue Mounds' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Blue Mounds 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
Blue Mounds, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$4,708
$4,369
Ownwell’s BLUE MOUNDS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLUE MOUNDS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLUE MOUNDS 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 Blue Mounds, Wisconsin
Property taxes in Blue Mounds, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Mounds is 1.61%, significantly higher than the U.S. national median of 0.99%. Local government entities within Blue Mounds set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Mounds 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 Blue Mounds' effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 53517 has the highest median property tax rate of 1.61%, while the same zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Blue Mounds provides valuable insights into the varying tax landscape across Dane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Mounds Tax Rate
1.61%
Average Dane County Tax Rate
2.02%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Mounds, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53517 | 1.35% | 1.46% | 1.61% | 1.64% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Blue Mounds, Wisconsin
In Blue Mounds, 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 Dane 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 Blue Mounds, 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 Blue Mounds helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Blue Mounds is $4,583, found in the 53517 zip code, which is also where the lowest median tax bill is recorded.
Average Blue Mounds Assessed Value
$292,400
Average Dane County Assessed Value
$304,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Mounds, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53517 | $139,040 | $211,200 | $292,400 | $371,100 | $472,540 |
Source: Ownwell
Property Tax Bills Across Blue Mounds, Wisconsin
In Blue Mounds, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Blue Mounds, the median home price is $292,400, leading to varying tax bills across different percentiles. For instance, the 25th percentile tax bill is $3,296, while the 75th percentile tax bill reaches $5,894. At the 90th percentile, homeowners can expect to pay around $7,152. The median tax bill in the area is notably higher than the national median property tax rate of 0.99%, reflecting the local economic conditions and public service funding requirements. These property tax bills significantly impact homeowners, influencing their overall housing affordability and financial planning.
Average Blue Mounds Tax Bill
$4,583
Average Dane County Tax Bill
$7,324
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Mounds, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53517 | $2,149 | $3,296 | $4,583 | $5,894 | $7,152 |
Source: Ownwell