Mount Pleasant, Racine County, Wisconsin Property Taxes
The median property tax rate in Mount Pleasant, WI is 1.61%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Mount Pleasant at $243,630, the typical annual property tax bill reaches $3,876, exceeding the national median of $2,690. Property taxes in Mount Pleasant 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 Mount Pleasant'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 Mount Pleasant 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
Mount Pleasant, Racine County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$3,922
$3,640
Ownwell’s Mount Pleasant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Pleasant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Pleasant 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 Mount Pleasant, Racine County, Wisconsin
Property taxes in Mount Pleasant, Wisconsin, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Pleasant is 1.61%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Mount Pleasant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Pleasant 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 Mount Pleasant's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 53404 zip code has the highest median property tax rate of 1.70%, while the 53177 zip code has the lowest median tax rate of 1.61%. Understanding how these areas compare with Mount Pleasant 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 Mount Pleasant Tax Rate
1.61%
Average Racine County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Pleasant, Racine County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53177 | 0.82% | 1.57% | 1.61% | 1.69% | 1.84% |
| 53403 | 1.48% | 1.58% | 1.62% | 1.69% | 2.02% |
| 53404 | 1.45% | 1.47% | 1.70% | 2.32% | 3.48% |
| 53405 | 1.55% | 1.59% | 1.62% | 1.68% | 1.97% |
| 53406 | 1.52% | 1.57% | 1.61% | 1.68% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Mount Pleasant, Racine County, Wisconsin
In Mount Pleasant, 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 Mount Pleasant, 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. The highest median tax bill in Mount Pleasant is $4,379 in the 53405 zip code, while the lowest median tax bill is $1,409 in the 53404 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mount Pleasant, Racine County, Wisconsin
Source: Ownwell
$81,109
$214,390
$347,670
Average Mount Pleasant Assessed Value
$243,630
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 Mount Pleasant, Racine County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53177 | $56,833 | $159,312 | $200,619 | $251,852 | $310,925 |
| 53403 | $52,511 | $114,596 | $210,945 | $308,850 | $425,893 |
| 53404 | $6,476 | $39,200 | $81,109 | $97,602 | $150,549 |
| 53405 | $146,853 | $202,223 | $275,312 | $354,518 | $424,178 |
| 53406 | $139,761 | $171,869 | $250,248 | $336,446 | $411,917 |
Source: Ownwell
Property Tax Bills Across Mount Pleasant, Racine County, Wisconsin
In Mount Pleasant, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Homeowners in Mount Pleasant can expect their tax bills to vary significantly based on the value of their properties. For instance, the 25th percentile tax bill is around $2,539, while the 75th percentile tax bill reaches approximately $5,334. The highest median tax bill in the area is $4,379 in the 53405 zip code, whereas the lowest is $1,409 in the 53404 zip code. These tax bills are influenced by several factors, including property location, market conditions, and any applicable exemptions or deductions. The national median property tax rate is 0.99%, providing a benchmark for comparison. Higher property taxes can impact homeowners by increasing their annual housing costs, while lower taxes can offer some financial relief. Understanding how these taxes are calculated helps homeowners better manage their budgets and plan for the future.
Average Mount Pleasant Tax Bill
$3,876
Average Racine County Tax Bill
$3,592
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Pleasant, Racine County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53177 | $80 | $2,173 | $3,142 | $4,211 | $5,065 |
| 53403 | $489 | $1,888 | $3,370 | $4,839 | $6,774 |
| 53404 | $134 | $815 | $1,409 | $2,048 | $2,608 |
| 53405 | $2,271 | $3,229 | $4,379 | $5,697 | $6,849 |
| 53406 | $2,045 | $2,639 | $3,965 | $5,407 | $6,724 |
Source: Ownwell