Dorchester, Wisconsin Property Taxes
The median property tax rate in Dorchester, WI is 1.17%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Dorchester, the typical annual property tax bill reaches $1,743, falling short of the national median of $2,690. Property taxes in Dorchester are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Dorchester'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 Dorchester 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
Dorchester, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,693
$1,571
Ownwell’s Dorchester Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dorchester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dorchester to provide an estimate of 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 Dorchester, Wisconsin
Property taxes in Dorchester, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dorchester is 1.17%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Dorchester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dorchester 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 Dorchester's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54425 zip code has the highest median property tax rate of 1.17%, while the 54425 zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Dorchester provides valuable insights into the varying tax landscape across Marathon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dorchester Tax Rate
1.17%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dorchester, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54425 | 0.98% | 1.07% | 1.17% | 1.22% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Dorchester, Wisconsin
In Dorchester, 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 Marathon 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 Dorchester, 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 instance, the median home price in Dorchester is $144,672, with tax bills ranging from $1,051 at the 25th percentile to $3,167 at the 90th percentile. The zip code 54425 has the highest and lowest median tax bill of $1,743. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dorchester Assessed Value
$144,672
Average Marathon County Assessed Value
$164,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dorchester, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54425 | $49,641 | $96,726 | $144,672 | $214,074 | $265,612 |
Source: Ownwell
Property Tax Bills Across Dorchester, Wisconsin
In Dorchester, Marathon County, WI, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of your property. The tax rate is applied to this assessed value to calculate your annual tax bill. For example, with a median home price of $144,672, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $1,051, while at the 75th percentile, it rises to approximately $2,498. For those in the 90th percentile, tax bills can reach up to $3,167. These figures highlight the range of property tax burdens homeowners face, influenced by both property value and local tax rates. When compared to the national median property tax rate of 0.99%, homeowners in Dorchester may find their tax bills either higher or lower depending on their property's assessed value and the specific tax rate applied. This variation can significantly impact household budgets and long-term financial planning.
Average Dorchester Tax Bill
$1,743
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Dorchester, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54425 | $425 | $1,051 | $1,743 | $2,498 | $3,167 |
Source: Ownwell