Lisbon, Wisconsin Property Taxes
The median property tax rate in Lisbon, WI is 0.99%, aligning with the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $377,800 in Lisbon, the typical annual property tax bill reaches $3,748, surpassing the national median of $2,690. Property taxes in Lisbon are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Lisbon'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 Lisbon or another part of Waukesha County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lisbon, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Lisbon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lisbon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lisbon 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 Lisbon, Wisconsin
Property taxes in Lisbon, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lisbon is 1.55%, higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Lisbon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lisbon 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 Lisbon's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53089 zip code has the highest median property tax rate of 1.55%, while the 53089 zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Lisbon 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 Lisbon Tax Rate
0.99%
Average Waukesha County Tax Rate
1.34%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lisbon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53089 | 0.99% | 0.99% | 0.99% | 1.24% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Lisbon, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lisbon, Wisconsin. 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 Lisbon, 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. For instance, the highest median tax bill in Lisbon is $3,748 in the 53089 zip code, while the lowest median tax bill is also $3,748 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lisbon Assessed Value
$377,800
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 Lisbon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53089 | $285,880 | $324,700 | $377,800 | $400,750 | $649,960 |
Source: Ownwell
Property Tax Bills Across Lisbon, Wisconsin
In Lisbon, located in Waukesha County, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The median home price in Lisbon is $377,800, and the median property tax rate is 0.99%, which aligns with the national median. To determine a homeowner's tax bill, the assessed value of the property is multiplied by the local tax rate. For example, a home assessed at the median price would have a tax bill of approximately $3,748 annually. Factors influencing the tax bill include the property's assessed value, local government budgets, and the specific tax rate set by the municipality. Homeowners in Lisbon experience a range of tax bills, with the 25th percentile at $3,497 and the 75th percentile at $4,101. The highest tax bills, falling in the 90th percentile, can reach up to $7,485. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Lisbon Tax Bill
$3,748
Average Waukesha County Tax Bill
$4,538
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Lisbon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53089 | $3,111 | $3,497 | $3,748 | $4,101 | $7,485 |
Source: Ownwell