Burlington, Wisconsin Property Taxes
The median property tax rate in Burlington, WI is 1.24%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $272,893, the typical annual property tax bill in Burlington reaches $3,456, significantly exceeding the national median of $2,690. Property taxes in Burlington are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Burlington'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 Burlington 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
Burlington, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$3,384
$3,140
Ownwell’s Burlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burlington 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 Burlington, Wisconsin
Property taxes in Burlington, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burlington is 1.24%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Burlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burlington 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 Burlington's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53105 zip code has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Burlington provides valuable insights into the varying tax landscape across Racine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burlington Tax Rate
1.24%
Average Racine County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burlington, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53105 | 0.84% | 0.88% | 1.24% | 1.60% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Burlington, Wisconsin
In Burlington, 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 Racine 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 Burlington, 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 Burlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 53105, with a tax bill of $3,456, which is notably higher than the national median property tax rate of 0.99%.
Average Burlington Assessed Value
$272,893
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 Burlington, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53105 | $164,771 | $209,859 | $272,893 | $383,007 | $550,337 |
Source: Ownwell
Property Tax Bills Across Burlington, Wisconsin
In Burlington, Racine County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements made to the property. For homeowners in Burlington, the median home price is $272,893. The property tax bills vary significantly, with the 25th percentile paying around $2,501, while those in the 75th percentile face bills of approximately $4,635. At the 90th percentile, tax bills can reach up to $6,256. These figures highlight the impact of property taxes on homeowners, as higher assessed values and local tax rates can lead to substantial annual expenses. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding the relative tax burden in Burlington. This system ensures that property taxes are proportionate to the value of the property, thereby affecting homeowners' financial responsibilities.
Average Burlington Tax Bill
$3,456
Average Racine County Tax Bill
$3,592
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Burlington, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53105 | $1,673 | $2,501 | $3,456 | $4,635 | $6,256 |
Source: Ownwell