Kewaunee, Wisconsin Property Taxes
The median property tax rate in Kewaunee, WI is 1.48%, which is considerably higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With the median home value in Kewaunee at $166,200, the typical annual property tax bill reaches $2,704, just above the national median of $2,690. Property taxes in Kewaunee 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 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
1.48%
Estimate Property Tax Bill
$2,460
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, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Kewaunee is 1.48%, which is significantly higher than both the Wisconsin state median 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 zip code 54216 has the highest median property tax rate of 1.48%, while the lowest median tax rate in the area is also 1.48%. 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
1.48%
Average Kewaunee County Tax Rate
1.45%
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 | 1.26% | 1.35% | 1.48% | 1.92% | 2.01% |
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 Kewaunee 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. 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. The highest median tax bill in Kewaunee is $2,704 in the 54216 zip code, and the lowest median tax bill is also $2,704 in the same zip code.
Average Kewaunee Assessed Value
$166,200
Average Kewaunee County Assessed Value
$180,100
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 | $82,740 | $118,150 | $166,200 | $235,350 | $337,400 |
Source: Ownwell
Property Tax Bills Across Kewaunee, Wisconsin
Property tax bills in Kewaunee, Wisconsin, are determined based on the assessed value of a property and the local tax rate. The median home price in Kewaunee is $166,200, and the tax rate is applied to this value to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, leading to variations in tax bills. For instance, homeowners in the 25th percentile of tax bills pay around $1,916 annually, while those in the 75th percentile pay approximately $3,747. At the 90th percentile, the tax bill can reach up to $5,295. The highest median tax bill in the county is $2,704, found in the zip code 54216. Compared to the national median property tax rate of 0.99%, Kewaunee's rates reflect a range of tax burdens on homeowners, impacting their overall cost of living. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Kewaunee Tax Bill
$2,704
Average Kewaunee County Tax Bill
$2,834
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 | $1,244 | $1,916 | $2,704 | $3,747 | $5,295 |
Source: Ownwell