Deforest, Wisconsin Property Taxes
The median property tax rate in DeForest, WI is 1.84%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in DeForest at $295,100, the typical annual property tax bill reaches $5,410, far exceeding the national median of $2,690. Property taxes in DeForest are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding DeForest'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 DeForest 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
Deforest, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.84%
Estimate Property Tax Bill
$5,430
Ownwell’s DeForest Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DeForest with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DeForest 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 Deforest, Wisconsin
Property taxes in DeForest, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in DeForest is 1.84%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within DeForest set these rates annually, and they can vary significantly across different neighborhoods. Each year, DeForest 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 DeForest's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53532 zip code has the highest median property tax rate of 1.84%, while the same 53532 zip code also has the lowest median tax rate of 1.84%. Understanding how these cities compare with DeForest 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 Deforest Tax Rate
1.84%
Average Dane County Tax Rate
2.02%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deforest, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53532 | 1.54% | 1.72% | 1.84% | 1.93% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Deforest, Wisconsin
In DeForest, 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 Assessor 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 DeForest, 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. The median home price in DeForest is $295,100, with the 25th percentile tax bill at $4,467 and the 75th percentile tax bill at $6,756. 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 DeForest helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Deforest Assessed Value
$295,100
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 Deforest, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53532 | $186,100 | $241,600 | $295,100 | $369,300 | $468,400 |
Source: Ownwell
Property Tax Bills Across Deforest, Wisconsin
In DeForest, located in Dane County, 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 and reflects the estimated market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in DeForest, the median home price is $295,100. Property tax bills can vary significantly, with the 25th percentile tax bill at $4,467 and the 75th percentile tax bill at $6,756. The 90th percentile tax bill reaches $8,387. These figures illustrate the range of property tax obligations homeowners might face, based on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, homeowners in DeForest may find their property tax rates to be higher, impacting their annual financial planning. Understanding these factors helps homeowners anticipate their property tax obligations and manage their budgets more effectively.
Average Deforest Tax Bill
$5,410
Average Dane County Tax Bill
$7,324
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Deforest, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53532 | $3,491 | $4,467 | $5,410 | $6,756 | $8,387 |
Source: Ownwell