Hales Corners, Wisconsin Property Taxes
The median property tax rate in Hales Corners, WI is 2.04%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Hales Corners at $227,850, the typical annual property tax bill reaches $4,662, exceeding the national median of $2,690. Property taxes in Hales Corners 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 Hales Corners' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hales Corners 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
Hales Corners, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.04%
Estimate Property Tax Bill
$4,648
$4,313
Ownwell’s Hales Corners Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hales Corners with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hales Corners 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 Hales Corners, Wisconsin
Property taxes in Hales Corners, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hales Corners is 2.04%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Hales Corners set these rates annually, and they can vary across different neighborhoods. Each year, Hales Corners 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 Hales Corners' effective property tax rate to other areas in Milwaukee County and the national median. For comparison, the zip code 53130 has both the highest and lowest median property tax rate of 2.04%. Understanding how these areas compare with Hales Corners 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 Hales Corners Tax Rate
2.04%
Average Milwaukee County Tax Rate
2.38%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hales Corners, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53130 | 1.98% | 2.01% | 2.04% | 2.07% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Hales Corners, Wisconsin
In Hales Corners, 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 Assessor 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 Hales Corners, 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 Hales Corners helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 53130, with a median tax bill of $4,662.
Average Hales Corners Assessed Value
$227,850
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 Hales Corners, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53130 | $154,500 | $186,375 | $227,850 | $269,725 | $329,750 |
Source: Ownwell
Property Tax Bills Across Hales Corners, Wisconsin
In Hales Corners, located in Milwaukee 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’s office and reflects the market value of the property. Homeowners in Hales Corners face a median property tax rate of 0.99%, which aligns with the national median. For a median home price of $227,850, this rate translates to a significant annual tax bill. The tax bill can vary widely, with the 25th percentile at $3,757 and the 75th percentile reaching $5,578. For those in the 90th percentile, the tax bill can be as high as $6,828. These figures highlight the potential financial impact on homeowners, who must budget for these taxes annually. The highest and lowest median tax bills in the area are both $4,662, indicating a consistent tax rate across different properties. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Hales Corners Tax Bill
$4,662
Average Milwaukee County Tax Bill
$3,903
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hales Corners, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53130 | $3,073 | $3,757 | $4,662 | $5,578 | $6,828 |
Source: Ownwell