Thiensville, Wisconsin Property Taxes
The median property tax rate in Thiensville, WI is 1.27%, 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 Thiensville at $295,450, the typical annual property tax bill reaches $3,814, exceeding the national median of $2,690. Property taxes in Thiensville 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 Thiensville'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 Thiensville 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
Thiensville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$3,752
Ownwell’s Thiensville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thiensville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thiensville 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 Thiensville, Wisconsin
Property taxes in Thiensville, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thiensville is 1.27%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Thiensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thiensville 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 Thiensville's effective property tax rate to other areas in Ozaukee County and the national median. For comparison, the 53092 zip code has the highest median property tax rate of 1.27%, while the 53097 zip code has the lowest median tax rate of 1.09%. Understanding how these areas compare with Thiensville 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 Thiensville Tax Rate
1.27%
Average Ozaukee County Tax Rate
1.24%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thiensville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53092 | 1.18% | 1.24% | 1.27% | 1.29% | 1.33% |
| 53097 | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Thiensville, Wisconsin
In Thiensville, 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 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 Thiensville, 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 Thiensville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $5,939 in the 53097 zip code, while the lowest is $3,813 in the 53092 zip code.
Average Thiensville Assessed Value
$295,450
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 Thiensville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53092 | $123,520 | $216,500 | $295,000 | $354,300 | $448,700 |
| 53097 | $542,400 | $542,400 | $542,400 | $542,400 | $542,400 |
Source: Ownwell
Property Tax Bills Across Thiensville, Wisconsin
In Thiensville, located in Ozaukee County, WI, property tax bills are calculated based on the assessed value of a home rather than its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. For example, the median home price in Thiensville is $295,450, and tax bills can range significantly. Homeowners in the 25th percentile pay around $2,776 annually, while those in the 75th percentile face bills closer to $4,605. The tax burden can be even higher, with the 90th percentile seeing bills up to $5,834. This variability significantly impacts homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Thiensville's rates reflect the region's specific economic and social factors, making it essential for homeowners to understand how these elements affect their tax obligations.
Average Thiensville Tax Bill
$3,814
Average Ozaukee County Tax Bill
$4,109
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Thiensville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53092 | $1,574 | $2,775 | $3,813 | $4,605 | $5,824 |
| 53097 | $5,939 | $5,939 | $5,939 | $5,939 | $5,939 |
Source: Ownwell