Cudahy, Wisconsin Property Taxes
The median property tax rate in Cudahy, WI is 1.81%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Cudahy at $196,000, the typical annual property tax bill reaches $3,571, exceeding the national median of $2,690. Property taxes in Cudahy 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 Cudahy'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 Cudahy 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
Cudahy, 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 Cudahy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cudahy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cudahy 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 Cudahy, Wisconsin
Property taxes in Cudahy, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cudahy is 1.81%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cudahy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cudahy 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 Cudahy's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53110 zip code has the highest median property tax rate of 1.81%, while the same zip code also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Cudahy provides valuable insights into the varying tax landscape across Milwaukee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cudahy Tax Rate
1.81%
Average Milwaukee County Tax Rate
2.38%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cudahy, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53110 | 1.77% | 1.79% | 1.81% | 1.85% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Cudahy, Wisconsin
In Cudahy, 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 Milwaukee 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 Cudahy, 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 Cudahy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 53110 in Cudahy has the highest and lowest median tax bill, amounting to $3,571.
Average Cudahy Assessed Value
$196,000
Average Milwaukee County Assessed Value
$184,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cudahy, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53110 | $147,650 | $170,600 | $196,000 | $225,500 | $257,300 |
Source: Ownwell
Property Tax Bills Across Cudahy, Wisconsin
In Cudahy, Milwaukee County, WI, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by local government assessors who estimate the market value of the property. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. For homeowners in Cudahy, the median home price is $196,000, and property tax bills can vary significantly. At the 25th percentile, the tax bill is around $3,069, while at the 75th percentile, it reaches approximately $4,142. For those in the 90th percentile, the bill can be as high as $4,783. The highest median tax bill recorded in the area is $3,571, which is notably higher than the national median property tax rate of 0.99%. These taxes fund essential public services such as schools, infrastructure, and emergency services, impacting homeowners' overall living expenses and the quality of community services.
Average Cudahy Tax Bill
$3,571
Average Milwaukee County Tax Bill
$3,903
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cudahy, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53110 | $2,655 | $3,069 | $3,571 | $4,142 | $4,783 |
Source: Ownwell