Eagle, Wisconsin Property Taxes
The median property tax rate in Eagle, WI is 1.05%, 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 $384,086 in Eagle, the typical annual property tax bill amounts to $3,528, surpassing the national median of $2,690. Property taxes in Eagle are calculated based on the tax assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Eagle'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 Eagle 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
Eagle, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$4,033
$3,742
Ownwell’s EAGLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAGLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAGLE 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 Eagle, Wisconsin
Property taxes in Eagle, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagle is 1.05%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Eagle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagle 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 Eagle's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53119 zip code has both the highest and lowest median property tax rate of 1.05%. Understanding how these areas compare with Eagle provides valuable insights into the varying tax landscape across Walworth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eagle Tax Rate
1.05%
Average Walworth County Tax Rate
1.30%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagle, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53119 | 0.84% | 0.84% | 1.05% | 1.16% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Eagle, Wisconsin
In Eagle, 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 Walworth 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 Eagle, 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 Eagle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 53119 at $3,528, while the lowest median tax bill is also in zip code 53119 at $3,528.
Average Eagle Assessed Value
$384,086
Average Walworth County Assessed Value
$260,578
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eagle, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53119 | $176,871 | $232,256 | $384,086 | $511,700 | $632,030 |
Source: Ownwell
Property Tax Bills Across Eagle, Wisconsin
In Eagle, 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 county assessor and reflects the market value of the property. Various factors such as property size, location, and improvements are considered in this assessment. For instance, the median home price in Eagle is $384,086. The local tax rate is then applied to this value to determine the tax bill. Homeowners in Eagle can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $2,207, while the 75th percentile reaches $4,792. At the 90th percentile, homeowners may see tax bills as high as $6,483. These figures demonstrate a wide range in tax obligations, influenced by property values and specific assessments. Comparatively, Eagle’s property tax rate is higher than the national median of 0.99%. This difference can lead to substantial tax bills for homeowners, impacting their annual expenses and financial planning.
Average Eagle Tax Bill
$3,528
Average Walworth County Tax Bill
$3,583
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagle, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53119 | $1,704 | $2,207 | $3,528 | $4,792 | $6,483 |
Source: Ownwell