Denmark, Wisconsin Property Taxes
The median property tax rate in Denmark, Wisconsin is 1.28%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $222,746 in Denmark, the typical annual property tax bill reaches $2,790, surpassing the national median of $2,690. Property taxes in Denmark are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Denmark's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Denmark or another part of Manitowoc County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Denmark, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Denmark Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Denmark with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Denmark to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Denmark, Wisconsin
Property taxes in Denmark, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Denmark is 1.28%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Denmark set these rates annually, and they can vary significantly across different neighborhoods. Each year, Denmark estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Denmark's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54208 zip code has the highest median property tax rate of 1.28%, while the same 54208 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Denmark provides valuable insights into the varying tax landscape across Manitowoc County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Denmark Tax Rate
1.28%
Average Manitowoc County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Denmark, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54208 | 1.16% | 1.23% | 1.28% | 1.31% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Denmark, Wisconsin
In Denmark, Wisconsin, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Manitowoc County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Denmark, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Denmark helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 54208, with a tax bill of $2,790, which is significantly higher than the national median property tax rate of 0.99%.
Average Denmark Assessed Value
$222,746
Average Manitowoc County Assessed Value
$151,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Denmark, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54208 | $93,180 | $143,938 | $222,746 | $301,094 | $427,643 |
Source: Ownwell
Property Tax Bills Across Denmark, Wisconsin
In Denmark, located in Manitowoc County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $222,746, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax amount. Homeowners in Denmark typically see tax bills ranging from $1,712 at the 25th percentile to $3,906 at the 75th percentile, with the 90th percentile reaching up to $5,536. These figures indicate that property taxes can vary significantly based on the value and characteristics of the property. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. For homeowners, these property taxes are a significant consideration, affecting overall housing affordability and long-term financial planning.
Average Denmark Tax Bill
$2,790
Average Manitowoc County Tax Bill
$2,169
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Denmark, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54208 | $1,146 | $1,712 | $2,790 | $3,906 | $5,536 |
Source: Ownwell