Cedarburg, Wisconsin Property Taxes
The median property tax rate in Cedarburg, WI is 1.26%, considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Cedarburg at $377,400, the typical annual property tax bill reaches $4,415, exceeding the national median of $2,690. Property taxes in Cedarburg 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 Cedarburg'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 Cedarburg 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
Cedarburg, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$4,755
Ownwell’s Cedarburg Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cedarburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedarburg to provide an estimated property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more granular trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Cedarburg, Wisconsin
Property taxes in Cedarburg, Wisconsin, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedarburg is 1.26%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Cedarburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedarburg 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 Cedarburg's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53012 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Cedarburg 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 Cedarburg Tax Rate
1.26%
Average Ozaukee County Tax Rate
1.24%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedarburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53012 | 0.94% | 0.97% | 1.26% | 1.29% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Cedarburg, Wisconsin
In Cedarburg, 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's Office 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 Cedarburg, 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. The median home price in Cedarburg is $377,400, with tax bills ranging from $3,465 at the 25th percentile to $8,198 at the 90th percentile. The highest and lowest median tax bills are both $4,415 in the 53012 zip code. 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 Cedarburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cedarburg Assessed Value
$377,400
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 Cedarburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53012 | $253,500 | $307,600 | $377,400 | $514,350 | $683,660 |
Source: Ownwell
Property Tax Bills Across Cedarburg, Wisconsin
In Cedarburg, located in Ozaukee County, WI, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Cedarburg is $377,400, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, which in turn impacts the tax bill. For homeowners, the tax bill can vary significantly. For example, the 25th percentile tax bill is around $3,465, while the 75th percentile reaches approximately $6,089, and the 90th percentile can go up to $8,198. This means that most homeowners in Cedarburg pay more than the national median property tax rate of 0.99%. The highest median tax bill in the area is $4,415, which is substantial compared to the national average. Understanding these factors is crucial for homeowners as property taxes represent a significant annual expense.
Average Cedarburg Tax Bill
$4,415
Average Ozaukee County Tax Bill
$4,109
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedarburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53012 | $2,885 | $3,465 | $4,415 | $6,089 | $8,198 |
Source: Ownwell