Brodhead, Wisconsin Property Taxes
The median property tax rate in Brodhead, WI is 1.47%, which is considerably higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With the median home value in Brodhead at $215,728, the typical annual property tax bill reaches $3,160, surpassing the national median of $2,690. Property taxes in Brodhead 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 Brodhead'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 Brodhead or another part of Green County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brodhead, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$3,171
Ownwell’s BRODHEAD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BRODHEAD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BRODHEAD 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 Brodhead, Wisconsin
Property taxes in Brodhead, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brodhead is 1.47%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Brodhead set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brodhead 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 Brodhead's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53520 zip code has the highest median property tax rate of 1.47%, while the 53520 zip code has the lowest median tax rate of 1.47%. Understanding how these cities compare with Brodhead provides valuable insights into the varying tax landscape across Green County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brodhead Tax Rate
1.47%
Average Green County Tax Rate
1.78%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brodhead, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53520 | 1.39% | 1.43% | 1.47% | 1.49% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Brodhead, Wisconsin
In Brodhead, 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 Green 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 Brodhead, 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 is $215,728, with tax bills ranging from $2,477 at the 25th percentile to $4,719 at the 90th percentile. 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 Brodhead helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brodhead Assessed Value
$215,728
Average Green County Assessed Value
$193,272
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brodhead, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53520 | $115,941 | $169,909 | $215,728 | $258,794 | $315,349 |
Source: Ownwell
Property Tax Bills Across Brodhead, Wisconsin
In Brodhead, located in Green County, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in Brodhead is $215,728, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, which in turn affects the tax bill. Homeowners in Brodhead can expect their tax bills to vary. At the 25th percentile, tax bills are around $2,477, while at the 75th percentile, they rise to approximately $3,878. The 90th percentile sees bills as high as $4,719. Compared to the national median property tax rate of 0.99%, Brodhead's rates can seem relatively high, impacting homeowners' annual budgets. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Brodhead Tax Bill
$3,160
Average Green County Tax Bill
$3,636
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Brodhead, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53520 | $1,688 | $2,477 | $3,160 | $3,878 | $4,719 |
Source: Ownwell