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Madison Reporter

Monday, November 25, 2024

Effective property tax rate in Dane County outpaced the national average in Q3 2023

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Property owners in Dane County paid 1.8% of the value of their homes in property taxes in the third 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 third quarter of 2023 was $375,000, based on data from the 2,383 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 Brooklyn and Maple Bluff 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 Brooklyn with some other cities belonging to Dane County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
Brooklyn13$211,000$5,8172.8%
Maple Bluff14$550,000$14,8242.7%
Mazomanie12$186,500$4,5592.4%
Belleville10$224,600$5,4512.4%
Cottage Grove43$328,000$6,9882.1%
Black Earth16$226,550$4,7062.1%
Dane3$288,252$5,7662%
Cross Plains23$294,500$5,9312%
Fitchburg123$403,800$7,7521.9%
McFarland36$359,175$6,7201.9%
Waunakee86$447,500$8,3371.9%
Madison1,270$380,000$6,8161.8%
Sun Prairie177$353,400$6,4761.8%
Middleton116$440,000$7,8791.8%
Verona64$377,100$6,8191.8%
Oregon76$349,400$6,1921.8%
DeForest70$371,000$6,2501.7%
Deerfield19$270,000$4,6961.7%
Shorewood Hills10$886,750$14,5391.6%
Stoughton77$315,000$5,0801.6%
Marshall16$282,650$4,2801.5%
Windsor48$453,625$6,4411.4%
Blue Mounds3$371,423$5,2591.4%
Mount Horeb44$450,000$5,6701.3%
Cambridge12$328,500$4,1561.3%

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