Maribel, Wisconsin Property Taxes
The median property tax rate in Maribel, WI is 1.36%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $282,950 in Maribel, the typical annual property tax bill reaches $3,889, surpassing the national median of $2,690. Property taxes in Maribel are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Maribel'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 Maribel or another part of Brown County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maribel, 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 Maribel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maribel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maribel 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 Maribel, Wisconsin
Property taxes in Maribel, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maribel is 1.36%, significantly higher than the U.S. national median of 0.99%. Local government entities within Maribel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maribel 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 Maribel's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54227 zip code has the highest median property tax rate of 1.36%, while the same zip code also has the lowest median tax rate of 1.36%. Understanding how these cities compare with Maribel provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maribel Tax Rate
1.36%
Average Brown County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maribel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54227 | 1.31% | 1.33% | 1.36% | 1.39% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Maribel, Wisconsin
In Maribel, 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 Brown County Assessor's Office 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 Maribel, 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 Maribel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54227 has both the highest and lowest median tax bill, valued at $3,889.
Average Maribel Assessed Value
$282,950
Average Brown County Assessed Value
$232,300
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maribel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54227 | $217,790 | $242,225 | $282,950 | $323,675 | $348,110 |
Source: Ownwell
Property Tax Bills Across Maribel, Wisconsin
In Maribel, located in Brown County, WI, property tax bills are calculated based on the assessed value of your home, which is determined by the local assessor. The tax rate in Maribel is applied to this assessed value to determine your annual property tax bill. Several factors influence the tax bill, including the local tax rate, the assessed value of the property, and any exemptions or deductions for which the homeowner may qualify. For example, the median home price in Maribel is $282,950. Homeowners in the 25th percentile can expect a property tax bill around $3,253, while those in the 75th percentile might see a bill of approximately $4,525. At the 90th percentile, the tax bill can reach up to $4,906. These figures indicate that property taxes in Maribel can vary significantly, affecting homeowners differently depending on the value of their property. Compared to the national median property tax rate of 0.99%, Maribel's tax rates reflect the specific fiscal needs and policies of Brown County.
Average Maribel Tax Bill
$3,889
Average Brown County Tax Bill
$3,396
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Maribel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54227 | $2,872 | $3,253 | $3,889 | $4,525 | $4,906 |
Source: Ownwell