Sun Prairie, Dane County, Wisconsin Property Taxes
The median property tax rate in Sun Prairie, WI is 1.99%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Sun Prairie, the typical annual property tax bill reaches $5,620, exceeding the national median of $2,690. Property taxes in Sun Prairie 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 Sun Prairie'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 Sun Prairie 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
Sun Prairie, Dane County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.99%
Estimate Property Tax Bill
$5,719
$5,307
Ownwell’s Sun Prairie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sun Prairie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sun Prairie 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 Sun Prairie, Dane County, Wisconsin
Property taxes in Sun Prairie, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sun Prairie is 1.99%, which is significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Sun Prairie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sun Prairie 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 Sun Prairie's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53590 zip code has the highest median property tax rate of 1.99%, while the same zip code also has the lowest median tax rate of 1.99%. Understanding how these cities compare with Sun Prairie 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 Sun Prairie Tax Rate
1.99%
Average Dane County Tax Rate
2.02%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sun Prairie, Dane County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53590 | 1.51% | 1.95% | 1.99% | 2.02% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Sun Prairie, Dane County, Wisconsin
In Sun Prairie, 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's Office 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 Sun Prairie, 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 Sun Prairie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sun Prairie are both $5620, found in the 53590 zip code.
Property Tax Assessment Values Across Sun Prairie, Dane County, Wisconsin
Source: Ownwell
$103,700
$373,450
$643,200
Average Sun Prairie Assessed Value
$287,400
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 Sun Prairie, Dane County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53590 | $169,200 | $234,700 | $287,400 | $366,200 | $454,100 |
Source: Ownwell
Property Tax Bills Across Sun Prairie, Dane County, Wisconsin
In Sun Prairie, WI, property tax bills are determined based on the assessed value of the home and the applicable tax rate set by local taxing authorities. The median home price in Sun Prairie is $287,400, and the property tax rate is influenced by various factors including local government budgets, school funding, and public services. Homeowners in Sun Prairie can expect their tax bills to vary significantly, with the 25th percentile tax bill at $4,552 and the 75th percentile reaching $7,125. For those in the 90th percentile, tax bills can be as high as $8,690. This variation is due to differences in property values and specific local tax rates. The highest median tax bill in the area is $5,620, which is considerably higher than the national median property tax rate of 0.99%. These property taxes fund essential services such as education, infrastructure, and emergency services, directly impacting the quality of life in the community.
Average Sun Prairie Tax Bill
$5,620
Average Dane County Tax Bill
$7,324
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Sun Prairie, Dane County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53590 | $3,340 | $4,552 | $5,620 | $7,125 | $8,690 |
Source: Ownwell