Quantcast

Madison Reporter

Tuesday, November 5, 2024

Dane County effective property tax rate in Q2 was higher than the national average

Re 11

Property owners in Dane County paid 1.7% of the value of their homes in property taxes in the second quarter of 2024, 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 2024 was $399,900, based on data from the 2,553 properties sold during that time. In 2024, the median tax bill for the county was $6,918, which is 1.7% 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 four cities paid the highest tax rate of 2%.

The above article calculates the effective property tax rate for 2024 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 Fitchburg 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 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Fitchburg152$406,250$8,0232%
Maple Bluff10$765,000$15,3442%
Black Earth15$245,000$4,8722%
Brooklyn7$294,400$6,0212%
Marshall16$233,050$4,4301.9%
Blue Mounds5$287,600$5,4431.9%
Madison1,363$396,300$7,0551.8%
Sun Prairie198$365,050$6,7041.8%
Verona84$399,700$7,0581.8%
Belleville10$309,950$5,6421.8%
Cottage Grove36$435,000$7,2331.7%
Stoughton72$313,750$5,2581.7%
Cross Plains25$352,000$6,1401.7%
Middleton133$503,600$8,1551.6%
DeForest55$394,600$6,4691.6%
McFarland52$440,000$6,9561.6%
Shorewood Hills19$958,000$15,0491.6%
Cambridge8$277,000$4,3021.6%
Waunakee95$528,800$8,6301.6%
Oregon77$395,400$6,4091.6%
Windsor37$435,000$6,6671.5%
Deerfield13$325,000$4,8611.5%
Mazomanie17$325,000$4,7191.5%
Mount Horeb49$420,000$5,8691.4%
Dane3$444,900$5,9681.3%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS