Danbury, Wisconsin Property Taxes
The median property tax rate in Danbury, WI, is 0.67%, significantly lower than both the national median of 0.99% and Wisconsin's state median of 1.58%. With a median home value of $90,400 in Danbury, the typical annual property tax bill is $596, which is well below the national median of $2,690. Property taxes in Danbury are calculated based on the assessed value, which often falls below market value due to exemptions like the primary residence and agricultural exemptions. Understanding Danbury'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 Danbury or another part of Douglas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Danbury, 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 DANBURY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DANBURY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DANBURY 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 Danbury, Wisconsin
Property taxes in Danbury, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Danbury is 0.67%, which is lower than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Danbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Danbury 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 Danbury's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54830 zip code has the highest median property tax rate of 0.67%, while the same 54830 zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Danbury provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Danbury Tax Rate
0.67%
Average Douglas County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Danbury, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54830 | 0.50% | 0.62% | 0.67% | 0.71% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Danbury, Wisconsin
In Danbury, 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 Douglas 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 Danbury, 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 Danbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Danbury is $90,400, with tax bills ranging from $444 at the 25th percentile to $1,358 at the 90th percentile. The zip code 54830 has both the highest and lowest median tax bills at $596, highlighting the importance of understanding local tax dynamics.
Average Danbury Assessed Value
$90,400
Average Douglas County Assessed Value
$170,250
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Danbury, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54830 | $44,820 | $75,000 | $90,400 | $126,500 | $182,240 |
Source: Ownwell
Property Tax Bills Across Danbury, Wisconsin
In Danbury, located in Douglas County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the property. Homeowners in Danbury face a median property tax rate that is significantly below the national median of 0.99%. Factors influencing the tax bill include the property's assessed value, local tax levies, and any applicable exemptions. For instance, the median home price in Danbury is $90,400, leading to a range of tax bills. The 25th percentile tax bill is around $444, while the 75th percentile tax bill is approximately $890. At the 90th percentile, homeowners might see tax bills as high as $1,358. These property taxes fund essential local services such as schools, public safety, and infrastructure. As a result, homeowners in Danbury benefit from community services while also experiencing relatively low property tax rates compared to the national average.
Average Danbury Tax Bill
$596
Average Douglas County Tax Bill
$2,072
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Danbury, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54830 | $229 | $444 | $596 | $890 | $1,358 |
Source: Ownwell