Elkhorn, Walworth County, Wisconsin Property Taxes

Name: Property Tax Bills Across Elkhorn, Walworth County, Wisconsin
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Elkhorn, WI effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Elkhorn, WI home value: $274,208
Median annual Elkhorn, WI tax bill: $3,803, $1,403 higher than the national median property tax bill of $2,400.

How are property taxes in Walworth calculated?

Property taxes in Elkhorn, 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 Elkhorn’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elkhorn, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Elkhorn, Walworth County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.22%

Estimate Property Tax Bill

$3,345

$3,104

Ownwell’s Elkhorn Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elkhorn with just two data points. By entering your property's estimated assessed value, our calculator applies Elkhorn’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Walworth County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Elkhorn, Walworth County, Wisconsin

Local government entities determine tax rates, which can differ significantly across a state. This variation is due to each county estimating its budgetary needs for services annually and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual procedure.

In ELKHORN, located in Walworth County, the effective property tax rate is noteworthy when compared to other cities in Wisconsin and the broader national landscape. The median property tax rate in Wisconsin is higher than the national median, which stands at 1.02%. This positions ELKHORN as an area with property tax rates that are above the national average. Homeowners in ELKHORN can benefit from understanding these rates, as they play a crucial role in determining annual property tax bills. By comparing the effective tax rate in ELKHORN to other regions, residents can gain insights into their property tax obligations relative to other areas within Wisconsin and across the United States.

Property Tax Rates Across Elkhorn, Walworth County, Wisconsin

Source: Ownwell

1.02%

1.53%

2.05%

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 Elkhorn Tax Rate

1.22%

Median Effective Walworth County Tax Rate

1.30%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elkhorn, Walworth County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
53121	1.09%	1.16%	1.22%	1.58%	1.62%

Source: Ownwell

Property Tax Assessment Values Across Elkhorn, Walworth County, Wisconsin

When examining property taxes in Elkhorn, 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 Walworth 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 Walworth County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Elkhorn. For example, the median home price in Elkhorn is $274,208, with tax bills ranging significantly across the county. Zip code 53121 has the highest median home price at $274,208.

Property Tax Assessment Values Across Elkhorn, Walworth County, Wisconsin

Source: Ownwell

$163,882

$315,617

$467,352

Median Elkhorn Market Value

$274,208

Median Walworth County Market Value

$260,578

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elkhorn, Walworth County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
53121	$129,323	$199,842	$274,208	$396,556	$625,804

Source: Ownwell

Property Tax Bills Across Elkhorn, Walworth County, Wisconsin

In Elkhorn, Walworth County, WI, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. The median home price in Elkhorn is $274,208, which can result in varying tax bills depending on the assessed value and applicable tax rate. For instance, the tax bill at the 25th percentile is $2,759, while at the 75th percentile, it rises to $5,182, and at the 90th percentile, it reaches $7,422. The highest and lowest median tax bills recorded are both $3,803 in the zip code 53121. These figures show that property tax bills in Elkhorn can significantly impact homeowners, often exceeding the national median tax bill of $2,400. Ownwell can assist homeowners in Elkhorn by providing property tax appeal and exemption services, potentially reducing their tax burden and ensuring they are not overpaying on their property taxes.

Property Tax Bills Across Elkhorn, Walworth County, Wisconsin

Source: Ownwell

$2,954

$4,841

$6,727

Median Elkhorn Tax Bill

$3,803

Median Walworth County Tax Bill

$3,583

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Elkhorn, Walworth County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
53121	$1,713	$2,759	$3,803	$5,182	$7,422

Source: Ownwell