Mcfarland, Dane County, Wisconsin Property Taxes
Median McFarland, WI effective property tax rate: 1.85%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median McFarland, WI home value: $323,800
Median annual McFarland, WI tax bill: $5,975, $3,575 higher than the national median property tax bill of $2,400.
How are property taxes in Dane County calculated?
Property taxes in McFarland, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding McFarland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in McFarland, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mcfarland, Dane County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.59%
Estimate Property Tax Bill
$6,576
$6,103
Property Tax Rates Across Mcfarland, Dane County, Wisconsin
Local government entities in Wisconsin, including those in McFarland, set property tax rates that can vary significantly within the state. The process involves each county, such as Dane County, estimating its required budget for public services and dividing that by the total value of all taxable property in its jurisdiction. This calculation determines the property tax rate for the year. Although votes and laws play a role in the setting of these rates and budgets, this fundamental process remains consistent annually.
In McFarland, the effective property tax rate stands at 1.85%, aligning with the highest and lowest rates in the region, demonstrating a uniformity within the area. This rate is notably higher than the national median property tax rate of 1.02%. For homeowners in McFarland, this means they might face higher property tax bills compared to the national median. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively. By comparing McFarland's tax rate to those in other Wisconsin cities and the national median, homeowners can better navigate their financial obligations.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mcfarland Tax Rate
1.59%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Dane County Tax Rate
1.87%
Median Effective Wisconsin Tax Rate
1.43%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mcfarland, Dane County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53558 | 1.30% | 1.55% | 1.59% | 1.64% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Mcfarland, Dane County, Wisconsin
When examining property taxes in McFarland, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Dane County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Dane County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in McFarland. For example, the median home price in McFarland is $323,800, with tax bills ranging significantly across the county. Zip code 53558 has the highest median home price at $323,800.
Property Tax Assessment Values Across Mcfarland, Dane County, Wisconsin
Source: Ownwell
$126,500
$418,550
$710,600
Median Mcfarland Market Value
$413,600
Median Dane County Market Value
$367,257
Median Wisconsin Market Value
$237,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mcfarland, Dane County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53558 | $290,640 | $344,875 | $413,600 | $525,310 | $686,530 |
Source: Ownwell
Property Tax Bills Across Mcfarland, Dane County, Wisconsin
In McFarland, located in Dane County, WI, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in McFarland is $323,800, which can result in a property tax bill that significantly impacts homeowners' finances. The tax bill for the 25th percentile is $4,788, while the 75th percentile reaches $8,245. Notably, the 90th percentile tax bill can climb to $12,061. These figures are considerably higher than the national median property tax bill of $2,400, highlighting the financial burden on McFarland homeowners.
Factors such as local government budgets and school funding requirements influence the tax rate, making it essential for homeowners to ensure their property is assessed accurately. Ownwell offers valuable services to help homeowners in McFarland appeal their property tax assessments, potentially leading to significant savings. By analyzing assessment data and identifying discrepancies, Ownwell assists homeowners in reducing their property tax bills, providing financial relief and peace of mind.
Median Mcfarland Tax Bill
$6,576
Median Dane County Tax Bill
$8,224
Median Wisconsin Tax Bill
$3,453
Median United States Tax Bill
$2,400
Property Tax Bills Across Mcfarland, Dane County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53558 | $4,342 | $5,386 | $6,576 | $9,055 | $13,468 |
Source: Ownwell