New Holstein, Wisconsin Property Taxes
The median property tax rate in New Holstein, WI is 1.15%, 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 Holstein at $314,510, the typical annual property tax bill reaches $3,613, significantly exceeding the national median of $2,690. Property taxes in New Holstein 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 New Holstein'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 Holstein 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 Holstein, 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 Holstein Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Holstein with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Holstein 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 Holstein, Wisconsin
Property taxes in New Holstein, Wisconsin, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in New Holstein is 1.15%, which is higher than the U.S. national median of 0.99%. Local government entities within New Holstein set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Holstein 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 Holstein's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 53061 has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these rates compare with New Holstein 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 New Holstein Tax Rate
1.15%
Average Manitowoc County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Holstein, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53061 | 1.11% | 1.14% | 1.15% | 1.16% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across New Holstein, Wisconsin
In New Holstein, 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 New Holstein, 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 Holstein helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In New Holstein, the highest and lowest median tax bills are both $3,613 in the 53061 zip code.
Property Tax Assessment Values Across New Holstein, Wisconsin
Source: Ownwell
$116,650
$215,580
$314,510
Average New Holstein Assessed Value
$314,510
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 New Holstein, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53061 | $168,489 | $241,131 | $314,510 | $352,863 | $382,885 |
Source: Ownwell
Property Tax Bills Across New Holstein, Wisconsin
In New Holstein, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Manitowoc County assessor and is intended to reflect the market value of the property. The local tax rate is applied to this assessed value to determine the annual property tax bill. For example, homeowners in New Holstein face a median property tax bill of $3,613, which is higher than the national median of 0.99%. Factors such as property size, location, and improvements can affect the assessed value, and consequently, the tax bill. For instance, homes at the 25th percentile have a tax bill of $2,745, while those at the 75th percentile see bills around $4,052. The highest tax bills, found at the 90th percentile, can reach up to $4,477. These variations significantly impact homeowners, influencing their financial planning and the overall cost of homeownership in the area.
Average New Holstein Tax Bill
$3,613
Average Manitowoc County Tax Bill
$2,169
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across New Holstein, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53061 | $2,298 | $2,745 | $3,613 | $4,052 | $4,477 |
Source: Ownwell