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Madison Reporter

Friday, November 22, 2024

Analysis: Dane County effective property tax rates outpaced the national average in Q2 2023

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

The median sales price of a Dane County home in the second quarter of 2023 was $367,600, based on data from the 2,354 properties sold during that time. In 2023, the median tax bill for the county was $6,684, 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, Maple Bluff, and Belleville paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

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 second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Mazomanie14$99,600$4,5594.6%
Maple Bluff9$621,000$14,8242.4%
Belleville12$233,550$5,4512.3%
Cottage Grove36$340,000$6,9882.1%
Sun Prairie163$335,000$6,4761.9%
Verona65$360,700$6,8191.9%
Shorewood Hills13$750,000$14,5391.9%
Deerfield15$250,000$4,6961.9%
Oregon97$334,200$6,1921.9%
Brooklyn2$308,500$5,8171.9%
Fitchburg137$422,600$7,7521.8%
Madison1,272$368,817$6,8161.8%
DeForest56$351,000$6,2501.8%
Cross Plains10$332,500$5,9311.8%
Black Earth11$267,000$4,7061.8%
Middleton106$470,700$7,8791.7%
McFarland49$385,000$6,7201.7%
Waunakee82$482,500$8,3371.7%
Marshall13$260,000$4,2801.6%
Windsor43$406,000$6,4411.6%
Stoughton75$312,900$5,0801.6%
Mount Horeb45$394,000$5,6701.4%
Dane12$427,000$5,7661.4%
Cambridge11$300,000$4,1561.4%
Blue Mounds4$400,000$5,2591.3%

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