Dodge, Wisconsin Property Taxes
The median property tax rate in Dodge, WI is 1.55%, slightly lower than the Wisconsin state median of 1.58% but still significantly above the national median of 0.99%. With the median home value in Dodge at $118,200, the typical annual property tax bill amounts to $1,747, which is below the national median of $2,690. Property taxes in Dodge are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Dodge's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Dodge or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dodge, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$1,832
$1,700
Ownwell’s Dodge Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Dodge. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Dodge to provide an estimate of your property tax bill. This easy-to-use tool offers a clear understanding of your potential tax liabilities, helping you plan your finances better. For those interested in more detailed insights, scroll down to explore localized trends at the neighborhood level. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Dodge, Wisconsin
Property taxes in Dodge, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dodge is 1.55%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Dodge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dodge 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 Dodge's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54625 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Dodge provides valuable insights into the varying tax landscape across Trempealeau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dodge Tax Rate
1.55%
Average Trempealeau County Tax Rate
1.65%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dodge, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54625 | 1.09% | 1.42% | 1.55% | 1.64% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Dodge, Wisconsin
In Dodge, 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 Trempealeau 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 Dodge, 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 Dodge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dodge is $118,200, with tax bills ranging from $833 at the 25th percentile to $4,103 at the 90th percentile. The zip code 54625 has the highest median tax bill of $1,747.
Average Dodge Assessed Value
$118,200
Average Trempealeau County Assessed Value
$169,050
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dodge, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54625 | $18,060 | $49,200 | $118,200 | $170,950 | $249,780 |
Source: Ownwell
Property Tax Bills Across Dodge, Wisconsin
Property tax bills in Dodge, Trempealeau County, WI, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property’s market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $118,200, homeowners can expect varying tax bills depending on their property’s assessed value and the specific rate applied. In Dodge, the tax bill at the 25th percentile is $833, while at the 75th percentile, it rises to $2,742. At the 90th percentile, the tax bill can be as high as $4,103. These figures indicate significant variability, influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, homeowners in Dodge may face differing financial impacts. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Dodge Tax Bill
$1,747
Average Trempealeau County Tax Bill
$2,894
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Dodge, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54625 | $213 | $833 | $1,747 | $2,742 | $4,103 |
Source: Ownwell