Kiel, Wisconsin Property Taxes
The median property tax rate in Kiel, WI is 1.33%, which is higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With the median home value in Kiel at $197,592, the typical annual property tax bill amounts to $2,680, just below the national median of $2,690. Property taxes in Kiel are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Kiel'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 Kiel 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
Kiel, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$2,628
Ownwell’s Kiel Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kiel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kiel 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 Kiel, Wisconsin
Property taxes in Kiel, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kiel is 1.33%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kiel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kiel 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 Kiel's effective property tax rate to other areas in Manitowoc County and the national median. For comparison, the zip code 53042 has the highest median property tax rate of 1.33%, while it also has the lowest median tax rate of 1.33%. Understanding how these areas compare with Kiel 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 Kiel Tax Rate
1.33%
Average Manitowoc County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kiel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53042 | 1.09% | 1.16% | 1.33% | 1.48% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Kiel, Wisconsin
In Kiel, 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 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 Kiel, 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 Kiel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kiel are both $2,680, found in the zip code 53042.
Average Kiel Assessed Value
$197,592
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 Kiel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53042 | $111,990 | $146,244 | $197,592 | $283,002 | $376,701 |
Source: Ownwell
Property Tax Bills Across Kiel, Wisconsin
In Kiel, located in Manitowoc County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in this region face a median property tax rate of 1.36%, which is higher than the national median of 0.99%. The assessed value of a property, determined by the local assessor, plays a crucial role in this calculation. For instance, with a median home price of $197,592, homeowners can expect a median tax bill around $2,680 annually. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in the 25th percentile of tax bills pay approximately $2,016, while those in the 75th percentile may see bills as high as $3,764. At the 90th percentile, tax bills can reach up to $4,903. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Kiel Tax Bill
$2,680
Average Manitowoc County Tax Bill
$2,169
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Kiel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53042 | $1,497 | $2,016 | $2,680 | $3,764 | $4,903 |
Source: Ownwell