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Madison Reporter

Thursday, November 21, 2024

Analysis: Dane County effective property tax rate outpaced the national average in Q1 2023

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Property owners in Dane County paid 1.8% of the value of their homes in property taxes in the first quarter of 2023, which is more than 1.6 times the national average, according to the real estate analysis posted by the Madison Reporter.

The median sales price of a Dane County home in the first quarter of 2023 was $330,200, based on data from the 1,722 properties sold during that time. In 2021 the median tax bill for the county was $5,863, which is 1.8% of the median value of the homes that were taxed.

This is 1.6 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Dane County real estate data showed homeowners in Mazomanie, Black Earth, and Belleville paid the highest rates.

The following table compares Mazomanie with some other cities belonging to Dane County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Mazomanie3$150,400$4,5593%
Black Earth9$163,000$4,7062.9%
Belleville10$201,200$5,4512.7%
Fitchburg77$326,000$7,7522.4%
Cross Plains18$248,964$5,9312.4%
Maple Bluff3$640,700$14,8242.3%
Cottage Grove28$300,000$6,9882.3%
Sun Prairie135$297,000$6,4762.2%
McFarland27$326,400$6,7202.1%
Verona48$323,800$6,8192.1%
Waunakee62$390,500$8,3372.1%
Madison971$343,000$6,8162%
Oregon49$304,500$6,1922%
Mount Horeb22$304,500$5,6701.9%
DeForest53$326,500$6,2501.9%
Brooklyn4$310,650$5,8171.9%
Middleton66$428,900$7,8791.8%
Windsor34$355,500$6,4411.8%
Dane6$324,900$5,7661.8%
Deerfield14$257,500$4,6961.8%
Stoughton61$296,100$5,0801.7%
Marshall15$297,000$4,2801.4%
Cambridge3$327,000$4,1561.3%
Shorewood Hills4$1,339,500$14,5391.1%

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