Waukesha, Wisconsin Property Taxes
The median property tax rate in Waukesha, WI is 1.58%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Waukesha, the typical annual property tax bill reaches $4,166, exceeding the national median of $2,690. Property taxes in Waukesha 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 Waukesha'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 Waukesha 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
Waukesha, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$4,905
$4,552
Ownwell’s Waukesha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waukesha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waukesha 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 Waukesha, Wisconsin
Property taxes in Waukesha, Wisconsin, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Waukesha is 1.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within Waukesha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waukesha 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 Waukesha's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 53188 zip code has the highest median property tax rate of 1.58%, while the 53189 zip code has the lowest median tax rate of 1.12%. Understanding how these areas compare with Waukesha 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 Waukesha Tax Rate
1.58%
Average Waukesha County Tax Rate
1.34%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waukesha, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53186 | 1.14% | 1.58% | 1.58% | 1.58% | 1.58% |
| 53188 | 1.05% | 1.58% | 1.58% | 1.58% | 1.58% |
| 53189 | 0.92% | 0.92% | 1.12% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Waukesha, Wisconsin
In Waukesha, 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 local assessment authorities 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 Waukesha, 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. The median home price in Waukesha is $310,446, with annual tax bills ranging from $3,423 at the 25th percentile to $6,594 at the 90th percentile. The highest median tax bill is $4,430 in the 53188 zip code, while the lowest is $3,746 in the 53186 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 Waukesha Assessed Value
$310,446
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 Waukesha, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53186 | $174,178 | $204,968 | $260,509 | $321,000 | $376,561 |
| 53188 | $205,350 | $235,542 | $305,733 | $385,350 | $501,919 |
| 53189 | $249,172 | $307,388 | $375,796 | $451,600 | $554,240 |
Source: Ownwell
Property Tax Bills Across Waukesha, Wisconsin
In Waukesha, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $310,446, and the property tax rate is determined by local authorities to fund essential services such as schools, public safety, and infrastructure. Factors that influence the tax bill include the home's assessed value, which is periodically reviewed to reflect market conditions, and any applicable exemptions or deductions. Homeowners in Waukesha can expect a range of property tax bills. For instance, the 25th percentile tax bill is around $3,423, while those in the 75th percentile pay approximately $5,250. At the higher end, the 90th percentile tax bill reaches $6,594. The highest median tax bill in the area is $4,430, found in zip code 53188, while the lowest median tax bill is $3,746 in zip code 53186. Comparing these figures to the national median property tax rate of 0.99%, Waukesha's property tax rates can significantly impact homeowners' annual expenses.
Average Waukesha Tax Bill
$4,166
Average Waukesha County Tax Bill
$4,538
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Waukesha, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53186 | $2,631 | $3,131 | $3,746 | $4,576 | $5,418 |
| 53188 | $3,126 | $3,576 | $4,430 | $5,583 | $7,213 |
| 53189 | $3,010 | $3,590 | $4,415 | $5,687 | $7,024 |
Source: Ownwell