Cedar Grove, Wisconsin Property Taxes
The median property tax rate in Cedar Grove, WI is 0.89%, which is lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Cedar Grove at $392,000, the typical annual property tax bill amounts to $3,485, surpassing the national median of $2,690. Property taxes in Cedar Grove are calculated based on the tax assessed value, which generally falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Cedar 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 Cedar 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
Cedar Grove, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$3,489
Ownwell’s Cedar Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedar Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar Grove 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 Cedar Grove, Wisconsin
Property taxes in Cedar Grove, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedar Grove is 0.89%, lower than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Cedar Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar 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 Cedar Grove's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53013 zip code has the highest median property tax rate of 0.89%, while the same 53013 zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Cedar Grove provides valuable insights into the varying tax landscape across Ozaukee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedar Grove Tax Rate
0.89%
Average Ozaukee County Tax Rate
1.24%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53013 | 0.82% | 0.85% | 0.89% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Grove, Wisconsin
In Cedar 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 Ozaukee 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 Cedar 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 Cedar Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Cedar Grove is $3,485 in the 53013 zip code, while the lowest is also $3,485 in the same zip code.
Average Cedar Grove Assessed Value
$392,000
Average Ozaukee County Assessed Value
$339,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedar Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53013 | $204,100 | $283,700 | $392,000 | $706,500 | $965,200 |
Source: Ownwell
Property Tax Bills Across Cedar Grove, Wisconsin
In Cedar Grove, WI, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is an estimate of the property's worth, which is generally lower than the market value. Cedar Grove’s property tax rate is compared to the national median property tax rate of 0.99%, which can influence how much homeowners pay annually. For instance, with a median home price of $392,000 in Cedar Grove, the property tax bill can vary widely. Homeowners in the 25th percentile pay around $2,489, while those in the 75th percentile see bills up to $6,378. At the 90th percentile, taxes can reach as high as $8,893. These variances are influenced by factors such as property size, location, and any applicable exemptions. Understanding these dynamics is crucial for homeowners as property taxes significantly impact annual expenses, making it important to stay informed and potentially seek ways to minimize the tax burden.
Average Cedar Grove Tax Bill
$3,485
Average Ozaukee County Tax Bill
$4,109
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Grove, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53013 | $1,782 | $2,489 | $3,485 | $6,378 | $8,893 |
Source: Ownwell