Reedsburg, Wisconsin Property Taxes
The median property tax rate in Reedsburg, WI is 1.81%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Reedsburg being $201,716, the typical annual property tax bill reaches $3,159, exceeding the national median of $2,690. Property taxes in Reedsburg 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 Reedsburg'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 Reedsburg 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
Reedsburg, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$3,651
Ownwell’s Reedsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reedsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reedsburg 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 Reedsburg, Wisconsin
Property taxes in Reedsburg, Wisconsin, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Reedsburg is 1.81%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Reedsburg set these rates annually, and they can vary considerably across different neighborhoods. Each year, Reedsburg 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 Reedsburg's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53959 zip code has the highest median property tax rate of 1.81%, while the same zip code also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Reedsburg provides valuable insights into the varying tax landscape across Sauk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Reedsburg Tax Rate
1.81%
Average Sauk County Tax Rate
1.40%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reedsburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53959 | 1.14% | 1.22% | 1.81% | 1.84% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Reedsburg, Wisconsin
In Reedsburg, 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 Sauk 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 Reedsburg, 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 Reedsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the median home price in Reedsburg is $201,716, with tax bills ranging from $2,299 at the 25th percentile to $5,245 at the 90th percentile. The zip code with the highest and lowest median tax bill is 53959, both at $3,159.
Average Reedsburg Assessed Value
$201,716
Average Sauk County Assessed Value
$227,964
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Reedsburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53959 | $111,434 | $147,710 | $201,716 | $265,439 | $346,771 |
Source: Ownwell
Property Tax Bills Across Reedsburg, Wisconsin
In Reedsburg, Sauk County, WI, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition, as well as any improvements made to it. For homeowners in Reedsburg, the median home price is $201,716, which provides a baseline for understanding tax obligations. The tax bill at the 25th percentile is $2,299, while at the 75th percentile, it rises to $4,140. At the 90th percentile, it reaches $5,245. These figures indicate a range of tax burdens depending on the home's assessed value. Comparatively, the highest and lowest median tax bills in the 53959 zip code are both $3,159, reflecting a consistent tax rate within this area. This system ensures that homeowners contribute to local services and infrastructure proportionately to their property's value.
Average Reedsburg Tax Bill
$3,159
Average Sauk County Tax Bill
$3,357
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Reedsburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53959 | $1,644 | $2,299 | $3,159 | $4,140 | $5,245 |
Source: Ownwell