Menasha, Wisconsin Property Taxes
The median property tax rate in Menasha, WI is 2.26%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Menasha at $228,300, the typical annual property tax bill reaches $5,574, far exceeding the national median of $2,690. Property taxes in Menasha 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 Menasha'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 Menasha 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
Menasha, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.26%
Estimate Property Tax Bill
$5,160
Ownwell’s Menasha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Menasha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Menasha 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 Menasha, Wisconsin
Property taxes in Menasha, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Menasha is 2.26%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Menasha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Menasha 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 Menasha's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54952 zip code has the highest median property tax rate of 2.26%, while the 54952 zip code also has the lowest median tax rate of 2.26%. Understanding how these cities compare with Menasha 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 Menasha Tax Rate
2.26%
Average Calumet County Tax Rate
1.87%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Menasha, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54952 | 2.26% | 2.26% | 2.26% | 2.63% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Menasha, Wisconsin
In Menasha, 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 Calumet 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. Assessment notices in Menasha 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 Menasha helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Menasha is found in the 54952 zip code, amounting to $5,574.
Average Menasha Assessed Value
$228,300
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 Menasha, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54952 | $169,800 | $193,100 | $228,300 | $277,900 | $373,380 |
Source: Ownwell
Property Tax Bills Across Menasha, Wisconsin
In Menasha, 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 local assessors who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any improvements made. For homeowners in Menasha, the median home price is $228,300, with tax bills ranging significantly. The 25th percentile tax bill is $4,804, while at the 75th percentile, it rises to $6,598. At the 90th percentile, homeowners might pay up to $7,958 annually. These property taxes directly impact homeowners by contributing to local services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Menasha's rates reflect the local funding needs and property values, ensuring essential community services are maintained.
Average Menasha Tax Bill
$5,574
Average Calumet County Tax Bill
$3,772
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Menasha, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54952 | $4,209 | $4,804 | $5,574 | $6,598 | $7,958 |
Source: Ownwell