Hingham, Wisconsin Property Taxes
The median property tax rate in Hingham, WI is 1.46%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $177,700 in Hingham, the typical annual property tax bill amounts to $2,600, slightly below the national median of $2,690. Property taxes in Hingham are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hingham'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 Hingham 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
Hingham, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$2,594
$2,408
Ownwell’s Hingham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hingham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hingham 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 Hingham, Wisconsin
Property taxes in Hingham, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hingham is 1.46%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Hingham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hingham 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 Hingham's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53031 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these areas compare with Hingham provides valuable insights into the varying tax landscape across Sheboygan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hingham Tax Rate
1.46%
Average Sheboygan County Tax Rate
1.82%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hingham, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53031 | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Hingham, Wisconsin
In Hingham, 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 Sheboygan 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 Hingham, 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 Hingham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the region are both found in the 53031 zip code, each at $2600.
Average Hingham Assessed Value
$177,700
Average Sheboygan County Assessed Value
$188,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hingham, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53031 | $148,600 | $155,875 | $177,700 | $225,150 | $327,150 |
Source: Ownwell
Property Tax Bills Across Hingham, Wisconsin
In Hingham, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Hingham can expect varying property tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill in Hingham is $2,279, while the 75th percentile tax bill reaches $3,293, and the 90th percentile tax bill is as high as $4,786. These figures indicate a significant range in what homeowners might pay, influenced by factors such as property size, location, and any exemptions or deductions they might qualify for. Compared to the national median property tax rate of 0.99%, homeowners in Hingham often face higher property tax bills. This can impact household budgets and the overall cost of homeownership, making it essential for residents to understand how their tax bill is determined and to explore any available exemptions to potentially lower their tax burden.
Average Hingham Tax Bill
$2,600
Average Sheboygan County Tax Bill
$3,209
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hingham, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53031 | $2,174 | $2,279 | $2,600 | $3,293 | $4,786 |
Source: Ownwell