Pewaukee, Wisconsin Property Taxes
The median property tax rate in Pewaukee, WI is 1.26%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Pewaukee at $363,600, the typical annual property tax bill reaches $4,493, significantly exceeding the national median of $2,690. Property taxes in Pewaukee are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pewaukee'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 Pewaukee 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
Pewaukee, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$4,581
Ownwell’s Pewaukee Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Pewaukee. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Pewaukee to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, helping you plan better. For those interested in more detailed insights at a neighborhood level, additional localized information is available below. Your property's assessed value, determined by Waukesha County, serves as the basis for property tax calculations, including any applicable exemptions.
Property Tax Rates Across Pewaukee, Wisconsin
Property taxes in Pewaukee, Wisconsin, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Pewaukee is 1.26%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Pewaukee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pewaukee 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 Pewaukee's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53072 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these areas compare with Pewaukee 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 Pewaukee Tax Rate
1.26%
Average Waukesha County Tax Rate
1.34%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pewaukee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53072 | 0.88% | 1.05% | 1.26% | 1.45% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Pewaukee, Wisconsin
In Pewaukee, 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 Pewaukee, 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. With a median home price of $363,600, Pewaukee homeowners can expect tax bills ranging from $3,191 at the 25th percentile to $8,989 at the 90th percentile. Notably, the highest and lowest median tax bills both amount to $4,493 in the 53072 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pewaukee Assessed Value
$363,600
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 Pewaukee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53072 | $193,360 | $258,500 | $363,600 | $558,750 | $787,480 |
Source: Ownwell
Property Tax Bills Across Pewaukee, Wisconsin
In Pewaukee, located in Waukesha County, WI, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The median home price in Pewaukee is $363,600, and the property tax rate in the area significantly influences the annual tax bill. Homeowners in Pewaukee can expect their property tax bills to vary, with the 25th percentile tax bill at $3,191, the 75th percentile at $6,448, and the 90th percentile reaching up to $8,989. The assessed value, which is determined by local assessors, serves as the foundation for calculating the tax bill. This value considers factors such as the property's size, location, and condition. The resulting tax bill directly impacts homeowners by influencing their annual expenses and potentially affecting their financial planning. Compared to the national median property tax rate of 0.99%, Pewaukee's property taxes reflect the local economic conditions and municipal budget requirements, ensuring that public services and infrastructure are adequately funded.
Average Pewaukee Tax Bill
$4,493
Average Waukesha County Tax Bill
$4,538
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Pewaukee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53072 | $2,522 | $3,191 | $4,493 | $6,448 | $8,989 |
Source: Ownwell