Rubicon, Wisconsin Property Taxes
The median property tax rate in Rubicon, WI is 0.11%, significantly lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Rubicon at $312,350, the typical annual property tax bill amounts to $350, which is well below the national median of $2,690. Property taxes in Rubicon are calculated based on the assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Rubicon'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 Rubicon 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
Rubicon, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.11%
Estimate Property Tax Bill
$344
$319
Ownwell’s Rubicon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rubicon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rubicon 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 Dodge County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rubicon, Wisconsin
Property taxes in Rubicon, Wisconsin, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Rubicon is 1.76%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Rubicon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rubicon 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 Rubicon'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 2.03%, while the 53039 zip code has the lowest median tax rate of 1.47%. Understanding how these areas compare with Rubicon 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 Rubicon Tax Rate
0.11%
Average Dodge County Tax Rate
0.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rubicon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53078 | 0.10% | 0.11% | 0.11% | 0.12% | 0.13% |
Source: Ownwell
Property Tax Assessment Values Across Rubicon, Wisconsin
In Rubicon, 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 Rubicon, 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 Rubicon 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 $350.00 in the 53078 zip code.
Average Rubicon Assessed Value
$312,350
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 Rubicon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53078 | $190,360 | $246,775 | $312,350 | $401,800 | $503,300 |
Source: Ownwell
Property Tax Bills Across Rubicon, Wisconsin
In Rubicon, Dodge County, WI, property tax bills are determined through a combination of the property's assessed value and the local tax rate. The assessed value is established by the county assessor and reflects the market value of the home. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For example, with a median home price of $312,350, homeowners can expect varying tax bills depending on their property's specific assessment and the applicable tax rate. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. The tax bill can significantly impact homeowners, with the 25th percentile paying around $265, while those in the 90th percentile might pay up to $606. Comparatively, these figures are lower than the national median property tax rate of 0.99%, offering some relief to homeowners in Rubicon. Understanding these factors helps residents anticipate their financial obligations and plan accordingly.
Average Rubicon Tax Bill
$350
Average Dodge County Tax Bill
$288
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Rubicon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53078 | $197 | $265 | $350 | $465 | $606 |
Source: Ownwell