Greenleaf, Wisconsin Property Taxes
The median property tax rate in Greenleaf, WI is 1.01%, slightly above the national median of 0.99% but below the Wisconsin state median of 1.58%. With a median home value of $235,298, the typical annual property tax bill in Greenleaf is $2,414, which is lower than the national median of $2,690. Property taxes in Greenleaf are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Greenleaf'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 Greenleaf or another part of Manitowoc County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greenleaf, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$2,377
Ownwell’s Greenleaf Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenleaf with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenleaf 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 Greenleaf, Wisconsin
Property taxes in Greenleaf, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenleaf is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Greenleaf set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenleaf 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 Greenleaf's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54126 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Greenleaf provides valuable insights into the varying tax landscape across Manitowoc County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greenleaf Tax Rate
1.01%
Average Manitowoc County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenleaf, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54126 | 0.88% | 0.94% | 1.01% | 1.05% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Greenleaf, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Greenleaf, Wisconsin. 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 Manitowoc 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 Greenleaf, 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 Greenleaf helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,414 in the 54126 zip code, while the lowest median tax bill is also $2,414 in the same zip code.
Average Greenleaf Assessed Value
$235,298
Average Manitowoc County Assessed Value
$151,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greenleaf, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54126 | $99,323 | $153,396 | $235,298 | $378,122 | $496,363 |
Source: Ownwell
Property Tax Bills Across Greenleaf, Wisconsin
In Greenleaf, located in Manitowoc County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Greenleaf is $235,298, and homeowners can expect their property taxes to be influenced by this value. The tax bill is determined by multiplying the home's assessed value by the local property tax rate, which can vary within the county. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For instance, in Greenleaf, the tax bill at the 25th percentile is $1,516, while at the 75th percentile, it rises to $3,850, and at the 90th percentile, it can reach as high as $5,260. This variation shows how different factors can significantly impact the amount homeowners owe. Compared to the national median property tax rate of 0.99%, Greenleaf's property taxes can be substantial, affecting homeowners' annual financial planning and overall cost of living.
Average Greenleaf Tax Bill
$2,414
Average Manitowoc County Tax Bill
$2,169
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenleaf, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54126 | $926 | $1,516 | $2,414 | $3,850 | $5,260 |
Source: Ownwell