North Prairie, Wisconsin Property Taxes
The median property tax rate in North Prairie, WI is 1.17%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in North Prairie at $344,100, the typical annual property tax bill reaches $4,089, significantly exceeding the national median of $2,690. Property taxes in North Prairie are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding North Prairie'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 North Prairie 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
North Prairie, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$4,026
$3,736
Ownwell’s NORTH PRAIRIE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NORTH PRAIRIE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NORTH PRAIRIE 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 North Prairie, Wisconsin
Property taxes in North Prairie, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Prairie is 1.17%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within North Prairie set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Prairie 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 North Prairie's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53153 zip code has the highest median property tax rate of 1.17%, while the 53153 zip code has the lowest median tax rate of 1.17%. Understanding how these cities compare with North Prairie 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 North Prairie Tax Rate
1.17%
Average Waukesha County Tax Rate
1.34%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Prairie, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53153 | 0.99% | 1.17% | 1.17% | 1.17% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across North Prairie, Wisconsin
In North Prairie, 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 Assessor 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 North Prairie, 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 North Prairie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. North Prairie has a median home price of $344,100, with tax bills ranging from $3,305 at the 25th percentile to $6,279 at the 90th percentile. The highest and lowest median tax bills are both $4,089 in the 53153 zip code.
Property Tax Assessment Values Across North Prairie, Wisconsin
Source: Ownwell
$37,400
$266,250
$495,100
Average North Prairie Assessed Value
$344,100
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 North Prairie, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53153 | $201,820 | $283,450 | $344,100 | $444,950 | $548,280 |
Source: Ownwell
Property Tax Bills Across North Prairie, Wisconsin
In North Prairie, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $344,100, homeowners in North Prairie can expect varying tax bills. Factors such as property size, location, and market conditions influence the assessed value. In Waukesha County, where North Prairie is located, the tax bill at the 25th percentile is $3,305, while at the 75th percentile, it rises to $5,011. The 90th percentile sees tax bills as high as $6,279. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting homeowners. Comparatively, the national median property tax rate is 0.99%, making local rates in North Prairie a critical consideration for potential homeowners. Understanding these factors helps residents anticipate their financial obligations and the benefits they receive in return.
Average North Prairie Tax Bill
$4,089
Average Waukesha County Tax Bill
$4,538
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across North Prairie, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53153 | $2,358 | $3,305 | $4,089 | $5,011 | $6,279 |
Source: Ownwell