New Auburn, Wisconsin Property Taxes
The median property tax rate in New Auburn, WI is 1.12%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in New Auburn at $204,350, the typical annual property tax bill amounts to $2,299, which is below the national median of $2,690. Property taxes in New Auburn are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding New Auburn'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 New Auburn 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
New Auburn, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$2,289
Ownwell’s New Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Auburn 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 New Auburn, Wisconsin
Property taxes in New Auburn, Wisconsin, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in New Auburn is 1.12%, higher than both the Wisconsin state median of 1.12% and the U.S. national median of 0.99%. Local government entities within New Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Auburn 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 New Auburn's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54757 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with New Auburn provides valuable insights into the varying tax landscape across Barron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Auburn Tax Rate
1.12%
Average Barron County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Auburn, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54757 | 0.99% | 1.06% | 1.12% | 1.18% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across New Auburn, Wisconsin
In New Auburn, 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 Barron 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 New Auburn, 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 New Auburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,299 in the 54757 zip code.
Average New Auburn Assessed Value
$204,350
Average Barron County Assessed Value
$176,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Auburn, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54757 | $54,250 | $131,925 | $204,350 | $293,675 | $370,570 |
Source: Ownwell
Property Tax Bills Across New Auburn, Wisconsin
In New Auburn, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $204,350, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $1,353, while those in the 75th percentile could see bills as high as $3,418. The 90th percentile tax bill reaches up to $4,431, showcasing the range of possible tax obligations. Factors influencing these variations include property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, the rates in New Auburn reflect local economic conditions and funding needs for public services. For homeowners, understanding these factors is crucial for financial planning, as property taxes represent a significant and recurring expense.
Average New Auburn Tax Bill
$2,299
Average Barron County Tax Bill
$2,341
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across New Auburn, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54757 | $505 | $1,353 | $2,299 | $3,418 | $4,431 |
Source: Ownwell