New Lisbon, Wisconsin Property Taxes
The median property tax rate in New Lisbon, WI is 1.33%, which is considerably 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 Lisbon at $158,300, the typical annual property tax bill reaches $2,277, falling below the national median of $2,690. Property taxes in New Lisbon are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding New Lisbon'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 Lisbon 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 Lisbon, 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 New Lisbon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Lisbon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Lisbon 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 Lisbon, Wisconsin
Property taxes in New Lisbon, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Lisbon is 1.33%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within New Lisbon set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Lisbon 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 Lisbon's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53950 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with New Lisbon provides valuable insights into the varying tax landscape across Juneau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Lisbon Tax Rate
1.33%
Average Juneau County Tax Rate
1.39%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Lisbon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53950 | 1.16% | 1.27% | 1.33% | 1.44% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across New Lisbon, Wisconsin
In New Lisbon, 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 Juneau 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 Lisbon, 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 Lisbon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 53950 has the highest and lowest median tax bill, both at $2,277, reflecting the uniformity in property tax assessments across the area.
Average New Lisbon Assessed Value
$158,300
Average Juneau County Assessed Value
$133,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Lisbon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53950 | $51,200 | $96,300 | $158,300 | $287,200 | $489,100 |
Source: Ownwell
Property Tax Bills Across New Lisbon, Wisconsin
In New Lisbon, located in Juneau County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in New Lisbon is $158,300. Property taxes in this area can vary significantly, with the 25th percentile tax bill at $1,298 and the 75th percentile tax bill reaching $4,148. For those at the 90th percentile, the tax bill can be as high as $6,724. These tax bills are influenced by several factors, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. The median property tax rate in New Lisbon is higher than the national median of 0.99%, reflecting the local government's need to fund public services such as schools, infrastructure, and emergency services. Homeowners in New Lisbon should be aware of these factors, as they directly impact their annual financial responsibilities and the overall affordability of homeownership in the area.
Average New Lisbon Tax Bill
$2,277
Average Juneau County Tax Bill
$2,011
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across New Lisbon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53950 | $603 | $1,298 | $2,277 | $4,148 | $6,724 |
Source: Ownwell