Butler, Wisconsin Property Taxes
The median property tax rate in Butler, WI is 1.71%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Butler, the typical annual property tax bill reaches $3,516, exceeding the national median of $2,690. Property taxes in Butler are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Butler'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 Butler 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
Butler, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$3,505
$3,252
Ownwell’s Butler Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Butler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Butler 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 Butler, Wisconsin
Property taxes in Butler, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Butler is 1.71%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Butler set these rates annually, and they can vary across different neighborhoods. Each year, Butler 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 Butler's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 53007 has the highest median property tax rate of 1.71%, while also having the lowest median tax rate of 1.71%. Understanding how these areas compare with Butler provides valuable insights into the varying tax landscape across Waukesha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Butler Tax Rate
1.71%
Average Waukesha County Tax Rate
1.34%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Butler, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53007 | 1.71% | 1.71% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Butler, Wisconsin
In Butler, 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 Waukesha 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 Butler, 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 Butler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Butler is $204,950, with the highest and lowest median tax bills both at $3,516 in zip code 53007.
Average Butler Assessed Value
$204,950
Average Waukesha County Assessed Value
$348,408
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Butler, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53007 | $159,880 | $181,250 | $204,950 | $228,150 | $251,960 |
Source: Ownwell
Property Tax Bills Across Butler, Wisconsin
Property tax bills in Butler, WI, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor’s office, which evaluates the property's market value. Once the assessed value is established, it is multiplied by the tax rate set by local taxing authorities to calculate the annual tax bill. In Butler, the median home price is $204,950, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $3,106, while the 75th percentile reaches $3,910, and the 90th percentile can go up to $4,318. These figures highlight the range of property tax burdens homeowners might face, depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, homeowners in Butler may experience higher tax rates, which can impact their overall housing costs. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Butler Tax Bill
$3,516
Average Waukesha County Tax Bill
$4,538
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Butler, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53007 | $2,741 | $3,106 | $3,516 | $3,910 | $4,318 |
Source: Ownwell