Kewaunee, Wisconsin Property Taxes
The median property tax rate in Kewaunee, WI is 1.16%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Kewaunee, the typical annual property tax bill reaches $2,712, which is just above the national median of $2,690. Property taxes in Kewaunee are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Kewaunee'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 Kewaunee or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kewaunee, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$2,712
Ownwell’s Kewaunee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kewaunee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kewaunee 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 Kewaunee, Wisconsin
Property taxes in Kewaunee, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kewaunee is 1.16%, which is higher than both the Wisconsin state median of 1.12% and the U.S. national median of 0.99%. Local government entities within Kewaunee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kewaunee 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 Kewaunee's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54216 zip code has both the highest and lowest median property tax rate of 1.16%. Understanding how these cities compare with Kewaunee provides valuable insights into the varying tax landscape across Kewaunee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kewaunee Tax Rate
1.16%
Average Manitowoc County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kewaunee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54216 | 1.11% | 1.13% | 1.16% | 1.19% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Kewaunee, Wisconsin
In Kewaunee, 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 Kewaunee, 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. The highest median tax bill in Kewaunee is $2,712 in the 54216 zip code, while the lowest median tax bill is also $2,712 in the same zip code. 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 Kewaunee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kewaunee Assessed Value
$233,816
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 Kewaunee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54216 | $226,035 | $228,953 | $233,816 | $238,678 | $241,596 |
Source: Ownwell
Property Tax Bills Across Kewaunee, Wisconsin
In Kewaunee, WI, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This value is then multiplied by the city's tax rate to determine the annual tax bill. Homeowners in Kewaunee can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is approximately $2,587, while at the 75th percentile, it rises to around $2,838. At the 90th percentile, the tax bill can reach up to $2,913. These figures indicate that even within the same city, property tax bills can differ based on the assessed value of individual properties. Compared to the national median property tax rate of 0.99%, Kewaunee's property tax bills reflect the local economic conditions and property values. Homeowners should be aware of these factors as they directly influence their annual financial obligations.
Average Kewaunee Tax Bill
$2,712
Average Manitowoc County Tax Bill
$2,169
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Kewaunee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54216 | $2,511 | $2,587 | $2,712 | $2,838 | $2,913 |
Source: Ownwell