Kansasville, Wisconsin Property Taxes
The median property tax rate in Kansasville, WI is 0.83%, notably lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Kansasville at $342,630, the typical annual property tax bill reaches $2,705, just below the national median of $2,690. Property taxes in Kansasville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kansasville'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 Kansasville 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
Kansasville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$2,844
Ownwell’s Kansasville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kansasville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kansasville 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 Kansasville, Wisconsin
Property taxes in Kansasville, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kansasville is 0.83%, which is lower than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Kansasville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kansasville 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 Kansasville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53139 zip code has both the highest and lowest median property tax rate of 0.83%. Understanding how these cities compare with Kansasville 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 Kansasville Tax Rate
0.83%
Average Racine County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kansasville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53139 | 0.43% | 0.79% | 0.83% | 0.86% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Kansasville, Wisconsin
In Kansasville, 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 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 Kansasville, 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 Kansasville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kansasville are both $2,705, found in the 53139 zip code.
Average Kansasville Assessed Value
$342,630
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 Kansasville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53139 | $150,333 | $241,062 | $342,630 | $517,316 | $677,384 |
Source: Ownwell
Property Tax Bills Across Kansasville, Wisconsin
In Kansasville, Racine County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. The local tax rate is applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $342,630, the property tax bill can vary significantly. Homeowners in the 25th percentile pay around $1,828, while those in the 75th percentile face bills closer to $4,162. The top 10% of taxpayers might see bills as high as $5,625. This variation is due to differences in property values and specific local tax rates. Comparing this to the national median property tax rate of 0.99%, residents in Kansasville experience a range of tax burdens that can influence their financial planning and homeownership costs. The highest and lowest median tax bills in the area are both $2,705, found in the zip code 53139.
Average Kansasville Tax Bill
$2,705
Average Racine County Tax Bill
$3,592
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Kansasville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53139 | $966 | $1,828 | $2,705 | $4,162 | $5,625 |
Source: Ownwell