Spring Green, Wisconsin Property Taxes
The median property tax rate in Spring Green, WI is 1.41%, which is significantly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $240,964 in Spring Green, the typical annual property tax bill reaches $3,465, surpassing the national median of $2,690. Property taxes in Spring Green are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Spring Green'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 Spring Green 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
Spring Green, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$3,398
$3,153
Ownwell’s SPRING GREEN Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in SPRING GREEN with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in SPRING GREEN to provide an accurate property tax bill estimate. This valuable tool helps you anticipate potential tax liabilities, making financial planning more straightforward. For those interested in neighborhood-level trends, additional localized information is available just a scroll away. Your property's assessed value, as determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Spring Green, Wisconsin
Property taxes in Spring Green, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spring Green is 1.41%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Spring Green set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spring Green 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 Spring Green's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53588 zip code has the highest median property tax rate of 1.41%, while the 53588 zip code has the lowest median tax rate of 1.41%. Understanding how these cities compare with Spring Green 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 Spring Green Tax Rate
1.41%
Average Sauk County Tax Rate
1.40%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spring Green, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53588 | 1.20% | 1.31% | 1.41% | 1.66% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Spring Green, Wisconsin
In Spring Green, 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 Spring Green, 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. For instance, the median home price in this area is $240,964, with property tax bills ranging from $2,537 at the 25th percentile to $5,896 at the 90th percentile. The highest and lowest median tax bills in Spring Green both stand at $3,465, specifically in the 53588 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Spring Green Assessed Value
$240,964
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 Spring Green, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53588 | $134,330 | $181,530 | $240,964 | $325,717 | $424,024 |
Source: Ownwell
Property Tax Bills Across Spring Green, Wisconsin
In Spring Green, Sauk 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 local assessor's office and reflects the market value of the property. Factors such as property size, location, improvements, and market conditions influence this valuation. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Spring Green, the median home price is $240,964. Property tax bills can vary significantly, with the 25th percentile paying around $2,537 and the 75th percentile paying about $4,593. At the higher end, the 90th percentile sees tax bills reaching up to $5,896. The median tax bill in Spring Green stands at $3,465, which is above the national median property tax rate of 0.99%. These taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the quality of community life.
Average Spring Green Tax Bill
$3,465
Average Sauk County Tax Bill
$3,357
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Spring Green, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53588 | $1,792 | $2,537 | $3,465 | $4,593 | $5,896 |
Source: Ownwell