Murali and Jayanthi
"We find Robin Guernsey to be a dedicated, motivated, creative and easy-to-work-with Real Estate Agent, whose inputs are well-thought out and valuable. We have worked with Robin for purchase of two homes thus far, and each time she has patiently and steadfastly helped us find the home that best suits our needs. We have recommended Robin to several of our friends in the Metro Madison area."
Repeat clients

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The Ackerman Family

What are property taxes?

About property taxes

The annual property tax you pay goes to fund a number of public services, such as the schools.It’s based on what the county assessor believes is the “fair market value” of your home and the tax rate used by your municipality.

The tax rate for the cities and towns throughout Dane County, Wisconsin ranges from 12% to almost 24% of the assessed value of your home.(more info)

Your lender will likely build property tax into your monthly mortgage payments.Then, when it’s time to pay your taxes, your mortgage company will send you (or your municipality) a check to pay what you owe.

Use this formula to calculate how much your lender will add to your mortgage payment every month for property taxes.

(assessed value) x (tax rate)

=

monthly tax payment

12