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Madison Reporter

Sunday, April 20, 2025

Analysis: Dane County effective property tax rates outpaced the national average in Q4 2024

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Scott McDonell, Clerk of Dane County | https://safeelections.org/

Scott McDonell, Clerk of Dane County | https://safeelections.org/

Property owners in Dane County paid 1.8% of the value of their homes in property taxes in the fourth 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 fourth quarter of 2024 was $394,921, based on data from the 2,037 properties sold during that time. In 2024, the median tax bill for the county was $6,918, 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 Maple Bluff, Brooklyn, and Waunakee paid the highest rates.

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 U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following table compares Maple Bluff with some other cities belonging to Dane County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2024.

CityQ4 2024 SalesQ4 2024 Median PriceMedian tax 2024Effective tax rate
Maple Bluff10$618,250$15,3442.5%
Brooklyn5$268,100$6,0212.2%
Waunakee71$425,000$8,6302%
Sun Prairie172$351,750$6,7041.9%
Cottage Grove52$380,500$7,2331.9%
Mazomanie11$247,000$4,7191.9%
Fitchburg129$445,000$8,0231.8%
Madison1,058$391,950$7,0551.8%
Verona55$397,800$7,0581.8%
Oregon55$365,000$6,4091.8%
Middleton84$492,350$8,1551.7%
Belleville9$334,950$5,6421.7%
Mount Horeb35$370,000$5,8691.6%
DeForest40$396,500$6,4691.6%
McFarland46$445,500$6,9561.6%
Stoughton73$325,000$5,2581.6%
Cross Plains23$380,000$6,1401.6%
Black Earth8$308,450$4,8721.6%
Windsor29$434,900$6,6671.5%
Dane5$405,000$5,9681.5%
Deerfield10$331,750$4,8611.5%
Marshall18$310,000$4,4301.4%
Blue Mounds11$407,000$5,4431.3%
Shorewood Hills13$1,250,000$15,0491.2%
Cambridge11$365,000$4,3021.2%

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