Allenton, Wisconsin Property Taxes
The median property tax rate in Allenton, WI is 0.94%, slightly below the national median of 0.99% and significantly lower than the Wisconsin state median of 1.58%. With the median home value in Allenton at $230,598, the typical annual property tax bill is $2,347, which is less than the national median of $2,690. Property taxes in Allenton are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Allenton'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 Allenton or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Allenton, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$2,168
Ownwell’s Allenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Allenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Allenton 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 Allenton, Wisconsin
Property taxes in Allenton, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Allenton is 0.94%, which is slightly below the U.S. national median of 0.99%. Local government entities within Allenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Allenton 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 Allenton's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 53002 has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these areas compare with Allenton provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Allenton Tax Rate
0.94%
Average Washington County Tax Rate
1.22%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Allenton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53002 | 0.83% | 0.86% | 0.94% | 1.22% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Allenton, Wisconsin
In Allenton, 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 Washington 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 Allenton, 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 Allenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 53002, both at $2347.
Average Allenton Assessed Value
$230,598
Average Washington County Assessed Value
$284,190
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Allenton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53002 | $125,643 | $180,576 | $230,598 | $316,932 | $402,486 |
Source: Ownwell
Property Tax Bills Across Allenton, Wisconsin
In Allenton, located in Washington County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. For homeowners, this means that the amount they owe in property taxes is determined by multiplying their property's assessed value by the local tax rate. The median home price in this area is $230,598, and the property tax rate is influenced by various factors, including local government budgets and public service funding needs. Tax bills can vary significantly within the region. For instance, at the 25th percentile, homeowners might see a tax bill around $1,847, while those at the 75th percentile could face bills up to $3,003. At the 90th percentile, tax bills can reach as high as $3,647. These variations highlight the impact of property value assessments and local tax rates on individual tax bills. Homeowners in Allenton must consider these factors when budgeting for annual expenses, as property taxes can represent a significant portion of homeownership costs.
Average Allenton Tax Bill
$2,347
Average Washington County Tax Bill
$3,282
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Allenton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53002 | $1,338 | $1,847 | $2,347 | $3,003 | $3,647 |
Source: Ownwell