Racine County, Wisconsin Property Taxes
The median property tax rate in Racine County is 1.64%, which is significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Racine County, the typical annual property tax bill reaches $3,592, which exceeds the national median of $2,690. Property taxes in Racine County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Racine County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Racine or another part of Racine County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Racine County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$3,458
$3,209
Ownwell’s Racine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Racine with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Racine to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Racine County, Wisconsin
Property taxes in Racine play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Racine is 1.64%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Racine set these rates annually, and they can vary significantly between different areas within the county. Each year, Racine estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Racine's effective property tax rate with other counties in Wisconsin and the national median. For comparison, the city of Kenosha has one of the higher property tax rates in Wisconsin at 2.22%, while the city of Kansasville boasts one of the lowest at 0.83%. Analyzing how Racine's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Racine County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Racine County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burlington | 0.84% | 0.88% | 1.24% | 1.60% | 1.67% |
| Caledonia | 1.12% | 1.22% | 1.57% | 1.59% | 1.70% |
| East Troy | 0.76% | 1.43% | 1.44% | 1.45% | 1.52% |
| Elmwood Park | 1.62% | 1.65% | 1.68% | 1.72% | 1.98% |
| Franksville | 1.14% | 1.24% | 1.48% | 1.59% | 1.65% |
| Kansasville | 0.43% | 0.79% | 0.83% | 0.86% | 0.96% |
| Kenosha | N/A | N/A | N/A | N/A | N/A |
| Mount Pleasant | 1.51% | 1.58% | 1.61% | 1.68% | 1.82% |
| Mukwonago | 1.30% | 1.32% | 1.32% | 1.32% | 1.45% |
| Muskego | 1.03% | 1.07% | 1.11% | 1.46% | 1.52% |
| Racine | 1.58% | 1.66% | 2.17% | 2.33% | 2.69% |
| Rochester | 0.71% | 1.39% | 1.41% | 1.56% | 1.66% |
| Sturtevant | 1.43% | 1.49% | 1.54% | 1.61% | 1.78% |
| Union Grove | 0.87% | 1.38% | 1.56% | 1.65% | 1.73% |
| Waterford | 1.03% | 1.15% | 1.44% | 1.72% | 1.80% |
| Wind Lake | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Racine County, Wisconsin
In Racine County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Racine County Appraisal District. The assessed value, however, 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. Assessment notices in Racine County are typically mailed in the spring, usually by the middle of 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 Racine County is $210,852, with tax bills ranging significantly. The highest median tax bill is found in Franksville at $4,572, while Wind Lake has the lowest median tax bill at $1,870. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Racine County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Racine County, Wisconsin
Source: Ownwell
$81,109
$214,390
$347,670
Average Racine County Assessed Value
$210,852
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Racine County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burlington | $164,771 | $209,859 | $272,893 | $383,007 | $550,337 |
| Caledonia | $150,888 | $189,641 | $263,221 | $348,379 | $499,620 |
| East Troy | $207,746 | $235,694 | $292,678 | $378,049 | $468,979 |
| Elmwood Park | $161,776 | $183,113 | $218,746 | $253,389 | $287,042 |
| Franksville | $193,450 | $248,577 | $318,642 | $400,695 | $533,350 |
| Kansasville | $150,333 | $241,062 | $342,630 | $517,316 | $677,384 |
| Kenosha | N/A | N/A | N/A | N/A | N/A |
| Mount Pleasant | $118,105 | $164,526 | $243,630 | $333,062 | $413,550 |
| Mukwonago | $171,331 | $213,595 | $266,645 | $333,306 | $444,126 |
| Muskego | $225,986 | $272,380 | $347,670 | $412,484 | $493,646 |
| Racine | $84,168 | $122,931 | $161,693 | $222,027 | $312,932 |
| Rochester | $79,309 | $161,382 | $197,396 | $232,784 | $265,820 |
| Sturtevant | $154,178 | $183,503 | $215,986 | $324,264 | $387,201 |
| Union Grove | $143,145 | $180,898 | $252,542 | $350,542 | $475,130 |
| Waterford | $178,771 | $231,670 | $295,007 | $368,853 | $467,997 |
| Wind Lake | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Racine County, Wisconsin
In Racine County, WI, property tax bills are determined by the assessed value of a property and the local tax rate. The assessed value is an estimate of the property's market value determined by the county assessor. Factors such as property size, location, and market conditions influence this assessment. Once the assessed value is established, the local tax rate, which varies by jurisdiction, is applied to calculate the tax bill. For homeowners in Racine County, the property tax bill can vary significantly. The 25th percentile tax bill is around $2,686, while the 75th percentile reaches approximately $4,746. The 90th percentile tax bill can be as high as $6,130. The highest median tax bill in the county is in Franksville at $4,572, whereas Wind Lake has the lowest median tax bill at $1,870. These figures highlight the range of property tax burdens homeowners can face within the county, significantly impacting their annual expenses. Comparing these to the national median property tax rate of 0.99%, Racine County's property taxes can be relatively high for some homeowners.
Average Racine County Tax Bill
$3,592
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Racine County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burlington | $1,673 | $2,501 | $3,456 | $4,635 | $6,256 |
| Caledonia | $2,226 | $2,589 | $3,728 | $4,895 | $6,684 |
| East Troy | $2,405 | $3,266 | $3,911 | $5,324 | $6,681 |
| Elmwood Park | $2,445 | $2,987 | $3,697 | $4,326 | $4,906 |
| Franksville | $2,354 | $3,258 | $4,572 | $5,813 | $7,386 |
| Kansasville | $966 | $1,828 | $2,705 | $4,162 | $5,625 |
| Kenosha | N/A | N/A | N/A | N/A | N/A |
| Mount Pleasant | $1,735 | $2,539 | $3,876 | $5,334 | $6,722 |
| Mukwonago | $2,244 | $2,760 | $3,490 | $4,401 | $6,322 |
| Muskego | $2,388 | $3,008 | $3,913 | $4,935 | $6,381 |
| Racine | $1,867 | $2,686 | $3,476 | $4,407 | $5,485 |
| Rochester | $1,032 | $2,074 | $2,741 | $3,308 | $3,885 |
| Sturtevant | $2,204 | $2,742 | $3,389 | $5,041 | $6,142 |
| Union Grove | $1,925 | $2,656 | $3,663 | $4,928 | $6,733 |
| Waterford | $2,338 | $3,079 | $4,025 | $5,360 | $6,693 |
| Wind Lake | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell