Kewaskum, Wisconsin Property Taxes
The median property tax rate in Kewaskum, WI is 1.12%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $299,685 in Kewaskum, the typical annual property tax bill amounts to $3,289, surpassing the national median of $2,690. Property taxes in Kewaskum are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Kewaskum'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 Kewaskum or another part of Fond du Lac County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kewaskum, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$3,356
$3,115
Ownwell’s Kewaskum Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kewaskum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kewaskum 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 Kewaskum, Wisconsin
Property taxes in Kewaskum, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kewaskum is 1.12%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Kewaskum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kewaskum 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 Kewaskum's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53040 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Kewaskum provides valuable insights into the varying tax landscape across Fond du Lac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kewaskum Tax Rate
1.12%
Average Fond Du Lac County Tax Rate
1.74%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kewaskum, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53040 | 1.07% | 1.10% | 1.12% | 1.14% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Kewaskum, Wisconsin
In Kewaskum, 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 Fond du Lac 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 Kewaskum, 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 Kewaskum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kewaskum is $299,685, with the highest median tax bill being $3,289 in the 53040 zip code.
Average Kewaskum Assessed Value
$299,685
Average Fond Du Lac County Assessed Value
$166,996
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kewaskum, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53040 | $158,827 | $213,680 | $299,685 | $400,910 | $535,827 |
Source: Ownwell
Property Tax Bills Across Kewaskum, Wisconsin
In Kewaskum, located in Fond du Lac County, WI, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local government assessors and reflects the market value of the property. The tax rate, which is applied to this assessed value, is a crucial factor in determining the final tax bill. Homeowners in Kewaskum face a median property tax bill of $3,289, which is significantly higher than the national median property tax rate of 0.99%. Tax bills can vary widely, with the 25th percentile at $2,286 and the 75th percentile reaching $4,477. At the higher end, the 90th percentile tax bill is $6,113. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Higher property taxes can impact homeowners by increasing the overall cost of homeownership, but they also contribute to the quality of local services and amenities.
Average Kewaskum Tax Bill
$3,289
Average Fond Du Lac County Tax Bill
$2,722
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Kewaskum, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53040 | $1,664 | $2,286 | $3,289 | $4,477 | $6,113 |
Source: Ownwell