Edgerton, Wisconsin Property Taxes
The median property tax rate in Edgerton, WI is 1.69%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Edgerton at $202,700, the typical annual property tax bill reaches $3,551, exceeding the national median of $2,690. Property taxes in Edgerton 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 Edgerton'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 Edgerton 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
Edgerton, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$3,426
$3,179
Ownwell’s Edgerton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edgerton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edgerton 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 Edgerton, Wisconsin
Property taxes in Edgerton, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edgerton is 1.69%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Edgerton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edgerton 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 Edgerton's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53534 zip code has the highest median property tax rate of 1.69%, while the same 53534 zip code also has the lowest median tax rate of 1.69%. Understanding how these cities compare with Edgerton 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 Edgerton Tax Rate
1.69%
Average Dane County Tax Rate
2.02%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edgerton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53534 | 1.44% | 1.55% | 1.69% | 1.86% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Edgerton, Wisconsin
In Edgerton, 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 Edgerton, 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 Edgerton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Dane County, the highest median tax bill is $3,551 in the 53534 zip code, which is also the lowest median tax bill.
Average Edgerton Assessed Value
$202,700
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 Edgerton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53534 | $61,500 | $116,800 | $202,700 | $274,900 | $373,900 |
Source: Ownwell
Property Tax Bills Across Edgerton, Wisconsin
In Edgerton, located in Dane County, WI, property tax bills are calculated based on the assessed value of a home. The median home price in Edgerton is $202,700, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements made to the property can influence the assessed value. The tax bill can vary significantly, with the 25th percentile at $2,197 and the 75th percentile at $4,751. For those in the 90th percentile, the tax bill can reach up to $5,921. Comparatively, the national median property tax rate stands at 0.99%. Homeowners in Edgerton may find their tax bills higher or lower than the national average depending on their property's assessed value and specific local rates. This variability can impact budgeting and financial planning for homeowners, making it essential to understand how local assessments and tax rates affect overall tax obligations.
Average Edgerton Tax Bill
$3,551
Average Dane County Tax Bill
$7,324
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Edgerton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53534 | $1,203 | $2,197 | $3,551 | $4,751 | $5,921 |
Source: Ownwell