Horicon, Wisconsin Property Taxes
The median property tax rate in Horicon, WI is 0.18%, significantly lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $159,100 in Horicon, the typical annual property tax bill comes to $284, which is well below the national median of $2,690. Property taxes in Horicon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Horicon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Horicon or another part of Dodge County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Horicon, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.18%
Estimate Property Tax Bill
$286
Ownwell’s Horicon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Horicon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Horicon 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 Horicon, Wisconsin
Property taxes in Horicon, Wisconsin, are essential in funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Horicon is 2.05%, significantly higher than both the Wisconsin state median of 1.68% and the U.S. national median of 0.99%. Local government entities within Horicon set these rates annually, and they can vary considerably across different neighborhoods. Each year, Horicon estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all assessed 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 Horicon's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53032 zip code has the highest median property tax rate of 2.05%, while the 53039 zip code has the lowest median tax rate of 1.68%. Understanding how these cities compare with Horicon provides valuable insights into the varying tax landscape across Dodge County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Horicon Tax Rate
0.18%
Average Dodge County Tax Rate
0.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Horicon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53032 | 0.13% | 0.17% | 0.18% | 0.19% | 0.20% |
Source: Ownwell
Property Tax Assessment Values Across Horicon, Wisconsin
In Horicon, 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 Dodge 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 Horicon, 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 Horicon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both reported at $284.00 in zip code 53032.
Average Horicon Assessed Value
$159,100
Average Dodge County Assessed Value
$188,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Horicon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53032 | $74,020 | $123,600 | $159,100 | $204,200 | $276,460 |
Source: Ownwell
Property Tax Bills Across Horicon, Wisconsin
In Horicon, located in Dodge County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Horicon is $159,100, and the property tax rate in this area plays a crucial role in determining the final tax bill for homeowners. Factors such as the property's assessed value, local government budgets, and public service funding needs all contribute to the calculation of the tax bill. For homeowners in Horicon, the tax bill can vary widely. At the 25th percentile, tax bills are around $219, while at the 75th percentile, they rise to approximately $356. For those at the 90th percentile, the tax bill can be as high as $444. This range indicates how different property values and local tax rates can significantly impact the financial responsibilities of homeowners. Compared to the national median property tax rate of 0.99%, Horicon's tax rates reflect local economic conditions and funding needs for public services.
Average Horicon Tax Bill
$284
Average Dodge County Tax Bill
$288
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Horicon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53032 | $122 | $219 | $284 | $356 | $444 |
Source: Ownwell