Cottage Grove, Wisconsin Property Taxes
The median property tax rate in Cottage Grove, WI is 1.68%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Cottage Grove, the typical annual property tax bill reaches $350, which is considerably lower than the national median of $2,690. Property taxes in Cottage Grove are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cottage Grove'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 Cottage Grove 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
Cottage Grove, 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 Cottage Grove Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Cottage Grove. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Cottage Grove to provide an accurate estimate of your property tax bill. This tool is designed to help you understand your potential tax liabilities with ease. For those interested in more granular insights, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value, determined by the county, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Cottage Grove, Wisconsin
Property taxes in Cottage Grove, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cottage Grove is 1.68%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Cottage Grove set these rates annually, and they can vary across different neighborhoods. Each year, Cottage Grove 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 Cottage Grove's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the ZIP code 53527 has the highest median property tax rate of 1.68%, while the same ZIP code also has the lowest median tax rate of 1.68%. Understanding how these areas compare with Cottage Grove provides valuable insights into the varying tax landscape across Dane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cottage Grove Tax Rate
1.68%
Average Outagamie County Tax Rate
1.71%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cottage Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53527 | 1.68% | 1.68% | 1.68% | 1.68% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Cottage Grove, Wisconsin
In Cottage Grove, 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 Outagamie 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 Cottage Grove, 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 Cottage Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $350, found in zip code 53527.
Average Cottage Grove Assessed Value
$20,900
Average Outagamie County Assessed Value
$190,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cottage Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53527 | $20,900 | $20,900 | $20,900 | $20,900 | $20,900 |
Source: Ownwell
Property Tax Bills Across Cottage Grove, Wisconsin
In Cottage Grove, WI, property tax bills are calculated based on the assessed value of a home. The local assessor determines this value, which is then used to calculate the tax bill. Several factors influence the assessed value, including the property's size, age, condition, and location. The tax rate in Cottage Grove is applied to the assessed value to determine the annual tax bill. For example, if a home is assessed at $209,000, the tax bill is derived by multiplying this value by the local tax rate. In Cottage Grove, the median property tax rate is 0.99%, aligning with the national median. Homeowners in Cottage Grove can expect their tax bills to be around $350, regardless of the assessed value, as indicated by the consistent tax bills at the 25th, 75th, and 90th percentiles. This uniformity suggests a stable and predictable property tax environment, which can be beneficial for budgeting and financial planning.
Average Cottage Grove Tax Bill
$350
Average Outagamie County Tax Bill
$3,156
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cottage Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53527 | $350 | $350 | $350 | $350 | $350 |
Source: Ownwell