Kiel, Wisconsin Property Taxes
The median property tax rate in Kiel, WI is 1.50%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Kiel at $326,789, the typical annual property tax bill reaches $4,892, exceeding the national median of $2,690. Property taxes in Kiel 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 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
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Kiel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner 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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kiel is 1.50%, significantly higher than both the Wisconsin state median and 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 counties in Wisconsin and the national median. For comparison, the zip code 53042 has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Kiel provides valuable insights into the varying tax landscape across Calumet County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kiel Tax Rate
1.50%
Average Calumet County Tax Rate
1.87%
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 | 1.50% | 1.50% | 1.50% | 1.53% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Kiel, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kiel, 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 local assessment authorities 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Kiel, the highest and lowest median tax bills are both $4,892, found in the zip code 53042.
Average Kiel Assessed Value
$326,789
Average Calumet County Assessed Value
$194,187
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 | $308,287 | $315,225 | $326,789 | $335,665 | $340,991 |
Source: Ownwell
Property Tax Bills Across Kiel, Wisconsin
In Kiel, located in Calumet County, 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 the local assessor's office, which evaluates the property's market value. This value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $326,789, homeowners can expect tax bills that vary significantly. The 25th percentile tax bill is around $4,814, while the 75th percentile reaches up to $5,027, and the 90th percentile can go as high as $5,108. These figures indicate that property taxes in Kiel are notably higher than the national median property tax rate of 0.99%. High property taxes can impact homeowners by increasing their monthly expenses and potentially affecting their ability to afford other necessities. Understanding these factors helps homeowners budget effectively and anticipate their financial obligations.
Average Kiel Tax Bill
$4,892
Average Calumet County Tax Bill
$3,772
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 | $4,767 | $4,814 | $4,892 | $5,027 | $5,108 |
Source: Ownwell