Egg Harbor, Wisconsin Property Taxes
The median property tax rate in Egg Harbor, WI is 0.92%, which is lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Egg Harbor at $169,800, the typical annual property tax bill amounts to $1,431, significantly below the national median of $2,690. Property taxes in Egg Harbor 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 Egg Harbor'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 Egg Harbor or another part of Door County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Egg Harbor, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,562
Ownwell’s Egg Harbor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Egg Harbor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Egg Harbor 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 Egg Harbor, Wisconsin
Property taxes in Egg Harbor, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Egg Harbor is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Egg Harbor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Egg Harbor 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 Egg Harbor's effective property tax rate to other areas in Door County and the national median. For comparison, the zip code 54209 has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Egg Harbor provides valuable insights into the varying tax landscape across Door County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Egg Harbor Tax Rate
0.92%
Average Door County Tax Rate
1.06%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Egg Harbor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54209 | 0.11% | 0.74% | 0.92% | 0.92% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Egg Harbor, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Egg Harbor, WI. 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 Door 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 Egg Harbor, 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 highest median tax bill in the area is $1,431, found in the zip code 54209. 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 Egg Harbor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Egg Harbor Assessed Value
$169,800
Average Door County Assessed Value
$231,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Egg Harbor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54209 | $25,810 | $73,525 | $169,800 | $346,475 | $631,750 |
Source: Ownwell
Property Tax Bills Across Egg Harbor, Wisconsin
In Egg Harbor, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Egg Harbor is $169,800. To determine the tax bill, the assessed value is multiplied by the local tax rate set by Door County. Factors such as property size, location, and improvements can influence the assessed value. Tax bills in Egg Harbor can vary significantly. For instance, the 25th percentile tax bill is $504, while the 75th percentile tax bill is $3,190. At the 90th percentile, homeowners might pay as much as $5,646. The highest and lowest median tax bills in the area are both $1,431, indicating some consistency in tax assessments within certain neighborhoods. Understanding these factors helps homeowners anticipate their annual property tax obligations. Compared to the national median property tax rate of 0.99%, Egg Harbor's tax rates can significantly impact homeowners' financial planning and property investment decisions.
Average Egg Harbor Tax Bill
$1,431
Average Door County Tax Bill
$2,726
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Egg Harbor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54209 | $180 | $504 | $1,431 | $3,190 | $5,646 |
Source: Ownwell