Middleton, Wisconsin Property Taxes
The median property tax rate in Middleton, WI is 1.72%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Middleton at $428,250, the typical annual property tax bill reaches $7,353, far exceeding the national median of $2,690. Property taxes in Middleton 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 Middleton'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 Middleton 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
Middleton, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$7,366
$6,835
Ownwell’s Middleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Middleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Middleton 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 Middleton, Wisconsin
Property taxes in Middleton, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middleton is 1.72%, significantly higher than both the Wisconsin state median of 1.68% and the U.S. national median of 0.99%. Local government entities within Middleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middleton 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 Middleton's effective property tax rate to other areas in Dane County and the national median. For comparison, the 53597 zip code has the highest median property tax rate of 1.89%, while the 53562 zip code has the lowest median tax rate of 1.72%. Understanding how these areas compare with Middleton 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 Middleton Tax Rate
1.72%
Average Dane County Tax Rate
2.02%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middleton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53562 | 1.44% | 1.58% | 1.72% | 1.88% | 3.62% |
| 53597 | 1.75% | 1.81% | 1.89% | 1.96% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Middleton, Wisconsin
In Middleton, 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. 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 Middleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Middleton is $12,638 in the 53597 zip code, while the lowest is $7,267 in the 53562 zip code.
Average Middleton Assessed Value
$428,250
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 Middleton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53562 | $185,680 | $315,800 | $425,400 | $557,800 | $729,620 |
| 53597 | $173,420 | $521,300 | $643,200 | $805,100 | $1,028,720 |
Source: Ownwell
Property Tax Bills Across Middleton, Wisconsin
In Middleton, located in Dane County, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The process begins with a property assessment, where the value of your home is determined. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors can influence the assessed value, including the property's location, size, age, and condition. For homeowners in Middleton, the property tax rate is notably higher than the national median of 0.99%. This has a significant impact on tax bills, which can vary widely. For instance, the 25th percentile tax bill is around $5,411, while the 75th percentile reaches $10,406. At the 90th percentile, homeowners might see tax bills as high as $17,822. The highest median tax bill in the area is $12,638 in the 53597 zip code, whereas the lowest is $7,267 in the 53562 zip code. These figures illustrate the range and potential financial impact on homeowners in Middleton.
Average Middleton Tax Bill
$7,353
Average Dane County Tax Bill
$7,324
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Middleton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53562 | $3,237 | $5,380 | $7,267 | $10,222 | $17,756 |
| 53597 | $8,148 | $10,382 | $12,638 | $16,222 | $18,879 |
Source: Ownwell