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Waukesha Times

Tuesday, November 5, 2024

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

Realestate5

Property owners in Waukesha County paid 1.2% of the value of their homes in property taxes in the third quarter of 2023, which is more than 1.1 times the national average, according to the real estate analysis posted by Waukesha County Times.

The median sales price of a Waukesha County home in the third quarter of 2023 was $380,550, based on data from the 2,646 properties sold during that time. In 2023, the median tax bill for the county was $4,727, which is 1.2% of the median value of the homes that were taxed.

This is 1.1 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Waukesha County real estate data showed homeowners in Chenequa and Elm Grove paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2020 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Chenequa with some other cities belonging to Waukesha 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
Chenequa7$610,000$22,3893.7%
Elm Grove95$476,600$8,7741.8%
Delafield74$358,600$6,0611.7%
Nashotah10$277,450$4,7171.7%
Big Bend7$246,900$4,0181.6%
Merton31$376,500$5,7011.5%
Eagle10$269,800$3,9661.5%
Waukesha138$335,000$4,6251.4%
Dousman15$350,000$5,0121.4%
Brookfield47$427,300$5,6881.3%
Mukwonago90$329,400$4,2181.3%
New Berlin353$360,000$4,4401.2%
Menomonee Falls305$344,000$4,1461.2%
Sussex106$416,000$5,1471.2%
Summit74$502,000$5,9861.2%
Pewaukee266$364,800$4,3281.2%
Oconomowoc169$384,800$4,7491.2%
Muskego231$400,700$4,5341.1%
Okauchee Lake42$494,350$5,2761.1%
Wales28$449,950$4,8261.1%
Vernon59$413,000$4,0181%
Butler8$316,500$3,1721%
Hartland79$380,000$3,8601%
North Prairie7$445,000$4,0290.9%
Oconomowoc Lake4$1,700,000$15,6790.9%
Lannon23$400,000$3,3170.8%

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