Sullivan, Wisconsin Property Taxes
The median property tax rate in Sullivan, WI is 1.23%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Sullivan, the typical annual property tax bill reaches $4,834, exceeding the national median of $2,690. Property taxes in Sullivan 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 Sullivan'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 Sullivan 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
Sullivan, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$4,847
$4,498
Ownwell’s Sullivan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sullivan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sullivan 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 Sullivan, Wisconsin
Property taxes in Sullivan, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sullivan is 1.23%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Sullivan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sullivan 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 Sullivan's effective property tax rate to other cities in Wisconsin and the national median. For comparison, the 53178 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Sullivan 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 Sullivan Tax Rate
1.23%
Average Waukesha County Tax Rate
1.34%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sullivan, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53178 | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Sullivan, Wisconsin
In Sullivan, 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 Sullivan, 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 Sullivan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $4,834, specifically in the 53178 zip code.
Average Sullivan Assessed Value
$394,100
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 Sullivan, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53178 | $394,100 | $394,100 | $394,100 | $394,100 | $394,100 |
Source: Ownwell
Property Tax Bills Across Sullivan, Wisconsin
In Sullivan, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. For homeowners, this means the amount they owe is directly tied to their property's assessed value, which is determined by the city’s assessor. The median home price in Sullivan stands at $394,100, and the property tax rate is a significant factor in calculating the final tax bill. In Waukesha County, where Sullivan is located, the median property tax bill is $4,834. This figure can be seen uniformly across various percentiles, indicating a consistent tax rate. Given the national median property tax rate of 0.99%, Sullivan's property tax rate is notably higher. This affects homeowners by increasing their annual financial obligations, making it essential for them to understand the factors influencing their property assessments and tax rates. Accurate assessments ensure fair taxation, which helps in funding local services such as schools, infrastructure, and emergency services, ultimately impacting the quality of life in Sullivan.
Average Sullivan Tax Bill
$4,834
Average Waukesha County Tax Bill
$4,538
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Sullivan, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53178 | $4,834 | $4,834 | $4,834 | $4,834 | $4,834 |
Source: Ownwell