Lowell, Wisconsin Property Taxes
The median property tax rate in Lowell, WI is 0.14%, significantly lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Lowell at $136,800, the typical annual property tax bill is $201, which is far below the national median of $2,690. Property taxes in Lowell are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Lowell'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 Lowell 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
Lowell, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.14%
Estimate Property Tax Bill
$192
$178
Ownwell’s Lowell Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lowell with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Lowell to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the figure assigned by the county for property tax calculations, including any applicable exemptions.
Property Tax Rates Across Lowell, Wisconsin
Property taxes in Lowell, Wisconsin, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Lowell is 0.14%, significantly lower than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Lowell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lowell 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 Lowell's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the highest median property tax rate in the region is found in ZIP code 53094, with a rate of 2.13%, while the lowest median tax rate is in ZIP code 53557, at 0.14%. Understanding how these cities compare with Lowell 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 Lowell Tax Rate
0.14%
Average Dodge County Tax Rate
0.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lowell, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53557 | 0.12% | 0.14% | 0.14% | 0.15% | 0.16% |
Source: Ownwell
Property Tax Assessment Values Across Lowell, Wisconsin
In Lowell, 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 Lowell, 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 Lowell is $136,800, with tax bills ranging from the 25th percentile at $141 to the 90th percentile at $368. The highest and lowest median tax bill, both at $201, are found in the 53557 zip code. 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 Lowell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lowell Assessed Value
$136,800
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 Lowell, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53557 | $22,570 | $102,200 | $136,800 | $195,575 | $269,550 |
Source: Ownwell
Property Tax Bills Across Lowell, Wisconsin
In Lowell, Dodge County, WI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimate of the property's market value, which is periodically updated to reflect changes in the real estate market. Factors such as property size, location, and improvements can influence this value. Homeowners in Lowell experience a range of property tax bills, with the 25th percentile paying around $141 and the 75th percentile paying approximately $266. Those in the 90th percentile see tax bills as high as $368. The median home price in Lowell is $136,800, which provides a benchmark for assessing property taxes. These taxes fund essential community services such as schools, public safety, and infrastructure. While the median tax bill in Lowell is $201, aligning with the zip code 53557, it’s important to note that this is below the national median property tax rate of 0.99%. For homeowners, understanding these factors and how they influence their tax bill is crucial for financial planning and property management.
Average Lowell Tax Bill
$201
Average Dodge County Tax Bill
$288
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Lowell, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53557 | $35 | $141 | $201 | $266 | $368 |
Source: Ownwell