Reeseville, Wisconsin Property Taxes
The median property tax rate in Reeseville, WI is 0.12%, considerably lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Reeseville, the typical annual property tax bill reaches $210, significantly below the national median of $2,690. Property taxes in Reeseville 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 Reeseville'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 Reeseville or another part of Dodge County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Reeseville, 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 Reeseville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reeseville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reeseville 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 Reeseville, Wisconsin
Property taxes in Reeseville, Wisconsin, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Reeseville is 1.5%, which is higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Reeseville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reeseville 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 Reeseville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53711 zip code has the highest median property tax rate of 2.7%, while the 53202 zip code has the lowest median tax rate of 1.2%. Understanding how these cities compare with Reeseville 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 Reeseville Tax Rate
0.12%
Average Dodge County Tax Rate
0.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reeseville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53579 | 0.11% | 0.12% | 0.12% | 0.13% | 0.14% |
Source: Ownwell
Property Tax Assessment Values Across Reeseville, Wisconsin
In Reeseville, 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 Reeseville, 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 Reeseville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Reeseville both stand at $210, specifically in the zip code 53579.
Average Reeseville Assessed Value
$167,400
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 Reeseville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53579 | $41,700 | $112,825 | $167,400 | $249,650 | $338,000 |
Source: Ownwell
Property Tax Bills Across Reeseville, Wisconsin
In Reeseville, 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 tax bill. For homeowners in Reeseville, the median home price is $167,400. Property tax rates in this area can lead to a tax bill that varies significantly, with the 25th percentile at $138 and the 75th percentile at $301. The 90th percentile of tax bills can reach up to $416, reflecting variations in property values and specific assessments. These property taxes fund essential local services such as schools, public safety, and infrastructure. Homeowners in Reeseville should be aware of how their property’s assessed value directly impacts their annual tax bill, which can be higher or lower than the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Reeseville Tax Bill
$210
Average Dodge County Tax Bill
$288
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Reeseville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53579 | $45 | $138 | $210 | $301 | $416 |
Source: Ownwell