Mukwonago, Racine County, Wisconsin Property Taxes
Median Mukwonago, WI effective property tax rate: 1.32%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Mukwonago, WI home value: $266,645
Median annual Mukwonago, WI tax bill: $3,490, $1,090 higher than the national median property tax bill of $2,400.
How are property taxes in Racine calculated?
Property taxes in Mukwonago, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Mukwonago’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mukwonago, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mukwonago, Racine County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.32%
Estimate Property Tax Bill
$3,520
$3,266
Property Tax Rates Across Mukwonago, Racine County, Wisconsin
Local government entities are responsible for setting tax rates, which can vary widely within a state. Each year, counties estimate the budget needed to provide essential services and divide that by the total value of all taxable property in their jurisdiction. This calculation determines the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
Below, you can compare Mukwonago’s effective property tax rate to other cities in Wisconsin and the median property tax rates in Wisconsin and the U.S. Mukwonago, located in Racine County, has a median property tax rate of 1.32%, which is higher than the national median of 1.02%. This means that property owners in Mukwonago may pay more in property taxes compared to the average U.S. homeowner. Understanding these rates is crucial for property owners looking to manage their expenses effectively. By staying informed, property owners can make better financial decisions and potentially save money through appeals or exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mukwonago Tax Rate
1.32%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Racine County Tax Rate
1.64%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mukwonago, Racine County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53149 | 1.30% | 1.32% | 1.32% | 1.32% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Mukwonago, Racine County, Wisconsin
When examining property taxes in Mukwonago, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Racine County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Racine County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mukwonago.
For example, the median home price in Mukwonago is $266,645, with tax bills ranging significantly across the county. Zip code 53149 has the highest median home price at $266,645.
Property Tax Assessment Values Across Mukwonago, Racine County, Wisconsin
Source: Ownwell
$81,109
$214,390
$347,670
Median Mukwonago Market Value
$266,645
Median Racine County Market Value
$210,852
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mukwonago, Racine County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53149 | $171,331 | $213,595 | $266,645 | $333,306 | $444,126 |
Source: Ownwell
Property Tax Bills Across Mukwonago, Racine County, Wisconsin
Median Mukwonago Tax Bill
$3,490
Median Racine County Tax Bill
$3,592
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Mukwonago, Racine County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53149 | $2,244 | $2,760 | $3,490 | $4,401 | $6,322 |
Source: Ownwell