Whitefish Bay is a village in Milwaukee County, Wisconsin, with a population of around 14,000 people ¹. Property taxes in Whitefish Bay are an essential source of revenue for the village, funding various public services and infrastructure projects. Here’s an overview of Whitefish Bay, WI property taxes:
Property Tax Rates
The property tax rate in Whitefish Bay is set annually by the village board. For the 2023-2024 fiscal year, the property tax rate is $8.65 per $1,000 of assessed value ². This means that if your property is assessed at $200,000, your annual property tax bill would be $1,730.
Assessment Values
Property assessment values in Whitefish Bay are determined by the village assessor’s office. The assessor’s office uses a mass appraisal process to value all properties in the village at their fair market value ³. Assessment values are typically adjusted annually to reflect changes in the local real estate market.
Tax Payment Options
Property tax bills in Whitefish Bay are typically mailed in December, with payment due by January 31st of the following year ². Residents have the option to pay their property taxes in installments, with due dates in January, March, and May. Payments can be made online, by mail, or in person at the village hall.
Late Payment Penalties
If you miss a payment or pay late, you will be charged a penalty of 1.5% of the unpaid balance, plus interest at a rate of 1.5% per month ². This can add up quickly, so it’s essential to make timely payments to avoid these additional costs.
Exemptions and Credits
Whitefish Bay offers several exemptions and credits to eligible property owners, including ¹:
-
Homestead Credit: A credit of $300 for eligible homeowners who have lived in their home for at least six months.
-
Lottery and Gaming Credit: A credit of $300 for eligible property owners who have lived in their home for at least six months.
-
Veterans’ Credit: A credit of up to $2,500 for eligible veterans who have served in the military.
Conclusion
Property taxes in Whitefish Bay, WI are an essential part of the village’s revenue stream, funding various public services and infrastructure projects. Understanding how property taxes work, including assessment values, tax rates, and payment options, can help you plan your finances and make informed decisions about your property. If you have any questions or concerns about your property taxes, you can contact the village assessor’s office or treasurer’s office for assistance.
whitefish bay wi property taxes
