Lannon, Waukesha County, Wisconsin Property Taxes

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

Median Lannon, WI effective property tax rate: 1.30%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Lannon, WI home value: $297,900
Median annual Lannon, WI tax bill: $3,874, $1,474 higher than the national median property tax bill of $2,400.

How are property taxes in Waukesha calculated?

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

Last Updated March 1, 2025

Lannon, Waukesha County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.3%

Estimate Property Tax Bill

$3,873

$3,594

Ownwell’s Lannon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lannon with just two data points. By entering your property's estimated assessed value, our calculator applies Lannon’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 Waukesha County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lannon, Waukesha County, Wisconsin

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Lannon, located in Waukesha County, Wisconsin, the effective property tax rate reflects the county's budgetary needs and property values. Lannon's median property tax rate is 1.30%, which is higher than the national median property tax rate of 1.02%. This means that homeowners in Lannon pay a larger portion of their property's assessed value in taxes compared to the national average. However, it's important to note that Lannon's tax rate aligns with the median for the state of Wisconsin, highlighting regional consistency in property tax rates. Understanding these rates is crucial for homeowners seeking to manage their property tax liabilities effectively.

Property Tax Rates Across Lannon, Waukesha County, Wisconsin

Source: Ownwell

0.93%

1.32%

1.71%

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 Lannon Tax Rate

1.30%

Median Effective Waukesha County Tax Rate

1.34%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lannon, Waukesha County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
53046	1.30%	1.30%	1.30%	1.30%	1.30%

Source: Ownwell

Property Tax Assessment Values Across Lannon, Waukesha County, Wisconsin

When examining property taxes in Lannon, 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 Waukesha 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. Assessment notices: In Waukesha 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 Lannon. For example, the median home price in Lannon is $297,900, with tax bills ranging significantly across the county. The zip code 53046 has the highest median home price at $297,900.

Property Tax Assessment Values Across Lannon, Waukesha County, Wisconsin

Source: Ownwell

$51,250

$273,175

$495,100

Median Lannon Market Value

$297,900

Median Waukesha County Market Value

$348,408

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lannon, Waukesha County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
53046	$187,000	$232,750	$297,900	$410,100	$487,700

Source: Ownwell

Property Tax Bills Across Lannon, Waukesha County, Wisconsin

In Lannon, Waukesha County, WI, property tax bills are calculated based on the assessed value of a home, which differs from the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. This process takes into account various factors, including the property's location, size, and improvements. Homeowners in Lannon face a median property tax bill significantly higher than the national median of $2,400, with the 25th percentile at $3,027 and the 75th percentile reaching $5,334. This can place a considerable financial burden on homeowners, making it essential to ensure that their property is not over-assessed. Ownwell offers valuable assistance to homeowners by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners reduce their tax bills. This not only alleviates financial stress but also ensures that homeowners are paying a fair amount in property taxes, potentially saving them thousands of dollars annually.

Property Tax Bills Across Lannon, Waukesha County, Wisconsin

Source: Ownwell

$464

$3,817

$7,170

Median Lannon Tax Bill

$3,874

Median Waukesha County Tax Bill

$4,538

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Lannon, Waukesha County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
53046	$2,431	$3,027	$3,874	$5,334	$6,343

Source: Ownwell