Waterloo, Wisconsin Property Taxes
The median property tax rate in Waterloo, WI is 0.12%, significantly lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $217,600 in Waterloo, the typical annual property tax bill is $251, which is well below the national median of $2,690. Property taxes in Waterloo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Waterloo'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 Waterloo 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
Waterloo, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.12%
Estimate Property Tax Bill
$261
$242
Ownwell’s Waterloo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waterloo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waterloo 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 Waterloo, Wisconsin
Property taxes in Waterloo, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waterloo is 1.67%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Waterloo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waterloo 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 Waterloo's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the highest median property tax rate in Wisconsin is found in zip code 53703 with a rate of 2.07%, while the lowest median tax rate is in zip code 53105 at 1.16%. Understanding how these cities compare with Waterloo 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 Waterloo 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 Waterloo, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53594 | 0.11% | 0.11% | 0.12% | 0.12% | 0.13% |
Source: Ownwell
Property Tax Assessment Values Across Waterloo, Wisconsin
In Waterloo, 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 Waterloo, 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. For example, the median home price in Waterloo is $217,600, with tax bills ranging from $164 at the 25th percentile to $434 at the 90th percentile. Interestingly, the zip code 53594 has both the highest and lowest median tax bills, both at $251. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Waterloo Assessed Value
$217,600
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 Waterloo, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53594 | $68,280 | $148,750 | $217,600 | $276,325 | $359,230 |
Source: Ownwell
Property Tax Bills Across Waterloo, Wisconsin
In Waterloo, 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 the area is $217,600, which serves as a baseline for determining the tax bill. Property taxes are influenced by various factors, including property size, location, and any applicable exemptions. Homeowners in Waterloo can expect their tax bills to vary. At the 25th percentile, tax bills are around $164, while at the 75th percentile, they reach approximately $327. For those at the 90th percentile, tax bills can go up to $434. The highest and lowest median tax bills in the area are both $251, indicating a relatively stable tax environment within the 53594 zip code. Compared to the national median property tax rate of 0.99%, Waterloo's rates reflect the broader trends in property taxation within Wisconsin. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Waterloo Tax Bill
$251
Average Dodge County Tax Bill
$288
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Waterloo, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53594 | $78 | $164 | $251 | $327 | $434 |
Source: Ownwell