Trevor, Wisconsin Property Taxes
The median property tax rate in Trevor, WI is 1.84%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Trevor at $240,124, the typical annual property tax bill reaches $4,376, exceeding the national median of $2,690. Property taxes in Trevor are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Trevor'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 Trevor or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Trevor, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.84%
Estimate Property Tax Bill
$4,418
$4,100
Ownwell’s Trevor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trevor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trevor 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 Trevor, Wisconsin
Property taxes in Trevor, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trevor is 1.84%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Trevor set these rates annually, and they can vary across different neighborhoods. Each year, Trevor 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 Trevor's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 53179 has the highest median property tax rate of 1.84%, while the same zip code also has the lowest median tax rate of 1.84%. Understanding how these areas compare with Trevor provides valuable insights into the varying tax landscape across Kenosha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Trevor Tax Rate
1.84%
Average Kenosha County Tax Rate
2.06%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trevor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53179 | 1.56% | 1.63% | 1.84% | 1.90% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Trevor, Wisconsin
In Trevor, 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 Kenosha 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 Trevor, 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 Trevor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 53179 in Trevor has both the highest and lowest median tax bill at $4,376, reflecting the uniformity in tax assessments across the area.
Average Trevor Assessed Value
$240,124
Average Kenosha County Assessed Value
$201,507
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Trevor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53179 | $124,711 | $170,245 | $240,124 | $351,438 | $453,456 |
Source: Ownwell
Property Tax Bills Across Trevor, Wisconsin
In Trevor, located in Kenosha County, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the home. For instance, with a median home price of $240,124, the tax bill can vary significantly. Homeowners in Trevor can expect tax bills ranging from the 25th percentile at around $3,177 to the 90th percentile at approximately $7,960. The highest and lowest median tax bills in the area are both recorded at $4,376, corresponding to the zip code 53179. Factors such as changes in property values, local government budgets, and voter-approved measures can influence tax rates and, consequently, tax bills. Compared to the national median property tax rate of 0.99%, Trevor's rates may seem higher or lower depending on specific circumstances. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Trevor Tax Bill
$4,376
Average Kenosha County Tax Bill
$4,787
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Trevor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53179 | $2,329 | $3,177 | $4,376 | $6,129 | $7,960 |
Source: Ownwell