Mayville, Wisconsin Property Taxes
The median property tax rate in Mayville, 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 Mayville at $178,600, the typical annual property tax bill amounts to $253, which is well below the national median of $2,690. Property taxes in Mayville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Mayville'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 Mayville or another part of Dodge County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mayville, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Mayville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mayville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mayville 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 Mayville, Wisconsin
Property taxes in Mayville, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mayville is 1.60%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Mayville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mayville 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 Mayville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53050 zip code has the highest median property tax rate of 1.60%, while the 53916 zip code has the lowest median tax rate of 1.53%. Understanding how these cities compare with Mayville 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 Mayville 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 Mayville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53050 | 0.12% | 0.14% | 0.14% | 0.15% | 0.16% |
Source: Ownwell
Property Tax Assessment Values Across Mayville, Wisconsin
In Mayville, 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 Mayville, 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 Mayville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $253, found in zip code 53050.
Average Mayville Assessed Value
$178,600
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 Mayville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53050 | $110,560 | $139,400 | $178,600 | $233,800 | $309,340 |
Source: Ownwell
Property Tax Bills Across Mayville, Wisconsin
In Mayville, located in Dodge County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $178,600, the tax bill can vary significantly. Homeowners in the 25th percentile might see a tax bill around $192, while those in the 75th percentile could pay approximately $333, and at the 90th percentile, the bill can rise to about $445. These figures highlight the variability in property tax bills within the city, influenced by factors such as property value assessments and local tax rates. Compared to the national median property tax rate of 0.99%, the property tax bills in Mayville reflect localized economic conditions and municipal budget requirements. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Mayville Tax Bill
$253
Average Dodge County Tax Bill
$288
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Mayville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53050 | $139 | $192 | $253 | $333 | $445 |
Source: Ownwell