New Holstein, Wisconsin Property Taxes
The median property tax rate in New Holstein, WI is 1.73%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in New Holstein, the typical annual property tax bill reaches $2,755, exceeding the national median of $2,690. Property taxes in New Holstein are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New Holstein'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 Holstein 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 Holstein, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$2,752
Ownwell’s New Holstein Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Holstein with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Holstein 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 Holstein, Wisconsin
Property taxes in New Holstein, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Holstein is 1.73%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within New Holstein set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Holstein 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 Holstein's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53061 zip code has the highest median property tax rate of 1.73%, while the 53061 zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with New Holstein provides valuable insights into the varying tax landscape across Calumet County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Holstein Tax Rate
1.73%
Average Calumet County Tax Rate
1.87%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Holstein, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53061 | 1.72% | 1.72% | 1.73% | 1.74% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across New Holstein, Wisconsin
In New Holstein, 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 Calumet 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 Holstein, 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 Holstein helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 53061 has both the highest and lowest median tax bill at $2,755, providing a benchmark for property owners in the area.
Property Tax Assessment Values Across New Holstein, Wisconsin
Source: Ownwell
$102,886
$214,838
$326,789
Average New Holstein Assessed Value
$159,087
Average Calumet County Assessed Value
$194,187
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Holstein, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53061 | $103,053 | $113,593 | $159,087 | $192,920 | $209,073 |
Source: Ownwell
Property Tax Bills Across New Holstein, Wisconsin
In New Holstein, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Calumet County Assessor's office and reflects the market value of the property. Homeowners in New Holstein face a median property tax rate of 0.99%, aligning with the national median. For a home with a median price of $159,087, property taxes can vary. At the 25th percentile, homeowners might expect a tax bill of around $1,959, while those at the 75th percentile could see bills as high as $3,263. In some cases, property taxes can reach up to $3,639 at the 90th percentile. The highest and lowest median tax bills in the area are both reported at $2,755 in zip code 53061. These property tax bills significantly impact homeowners, influencing their annual budgets and the overall affordability of their homes. Understanding these factors is crucial for effective financial planning and long-term stability.
Average New Holstein Tax Bill
$2,755
Average Calumet County Tax Bill
$3,772
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across New Holstein, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53061 | $1,745 | $1,959 | $2,755 | $3,263 | $3,639 |
Source: Ownwell