Luxemburg, Wisconsin Property Taxes
The median property tax rate in Luxemburg, WI is 1.40%, notably higher than the national median of 0.99% but below the Wisconsin state median of 1.58%. With the median home value in Luxemburg at $228,400, the typical annual property tax bill amounts to $3,336, surpassing the national median of $2,690. Property taxes in Luxemburg are calculated based on the assessed value, which often falls below market value due to exemptions such as those for primary residences and agricultural properties. Understanding Luxemburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can yield significant annual savings. Whether you're in the heart of Luxemburg or another part of Kewaunee County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Luxemburg, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$3,198
Ownwell’s Luxemburg Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Luxemburg with just two simple inputs. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Luxemburg to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Luxemburg, Wisconsin
Property taxes in Luxemburg, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Luxemburg is 1.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Luxemburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Luxemburg 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 Luxemburg's effective property tax rate to other areas and the national median. For comparison, the zip code 54217 has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Luxemburg 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 Luxemburg Tax Rate
1.40%
Average Kewaunee County Tax Rate
1.45%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Luxemburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54217 | 1.28% | 1.33% | 1.40% | 1.62% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Luxemburg, Wisconsin
In Luxemburg, 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 Luxemburg, 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 Luxemburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,336, found in zip code 54217.
Average Luxemburg Assessed Value
$228,400
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 Luxemburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54217 | $121,940 | $172,200 | $228,400 | $304,200 | $401,960 |
Source: Ownwell
Property Tax Bills Across Luxemburg, Wisconsin
In Luxemburg, 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 local assessors who evaluate the property’s market value. For instance, the median home price in Luxemburg is $228,400. Once the assessed value is established, the local property tax rate is applied to calculate the tax bill. Several factors influence the final tax bill, including property characteristics, local government budgets, and public service funding needs. In Kewaunee County, where Luxemburg is located, property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $2,497, while at the 75th percentile, it reaches $4,579, and at the 90th percentile, it can be as high as $5,806. These property taxes fund essential services like education, public safety, and infrastructure. Homeowners in Luxemburg need to budget for these taxes, which can significantly impact their annual expenses. Comparing to the national median property tax rate of 0.99%, Luxemburg's rates reflect the local fiscal landscape and community needs.
Average Luxemburg Tax Bill
$3,336
Average Kewaunee County Tax Bill
$2,834
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Luxemburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54217 | $1,736 | $2,497 | $3,336 | $4,579 | $5,806 |
Source: Ownwell