Newald, Wisconsin Property Taxes
The median property tax rate in Newald, WI is 0.91%, which is lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Newald at $36,200, the typical annual property tax bill amounts to $329, significantly below the national median of $2,690. Property taxes in Newald are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Newald'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 Newald or another part of Forest County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newald, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$329
$306
Ownwell’s Newald Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newald with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newald 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 Forest County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Newald, Wisconsin
Property taxes in Newald, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newald is 0.91%, slightly lower than the U.S. national median of 0.99%. Local government entities within Newald set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newald 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 Newald's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54511 zip code has both the highest and lowest median property tax rate of 0.91%. Understanding how these areas compare with Newald provides valuable insights into the varying tax landscape across Forest County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newald Tax Rate
0.91%
Average Forest County Tax Rate
1.07%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newald, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54511 | 0.89% | 0.89% | 0.91% | 0.92% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Newald, Wisconsin
In Newald, 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 Forest 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 Newald, 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. For example, the median home price in Newald is $36,200, with tax bills ranging from $305 at the 25th percentile to $369 at the 90th percentile. The highest and lowest median tax bills are both $329, found in the zip code 54511. By understanding 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.
Average Newald Assessed Value
$36,200
Average Forest County Assessed Value
$124,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newald, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54511 | $32,600 | $33,950 | $36,200 | $38,450 | $39,800 |
Source: Ownwell
Property Tax Bills Across Newald, Wisconsin
In Newald, located in Forest County, WI, property tax bills are calculated based on the assessed value of a home. The median home price in Newald is $36,200. To determine the tax bill, the local tax rate is applied to this assessed value. Several factors influence the assessed value, including property size, location, and market conditions. For homeowners, the median property tax bill is $329, which aligns with the highest and lowest median tax bills within the zip code 54511. Compared to the national median property tax rate of 0.99%, Newald's property tax rate reflects a relatively lower tax burden. Homeowners in the 25th percentile pay around $305, while those in the 75th percentile face a tax bill of approximately $354. At the 90th percentile, the tax bill reaches $369. These property tax bills directly impact homeowners by influencing their annual expenses and overall cost of homeownership. Understanding these factors helps homeowners anticipate their financial commitments and plan accordingly.
Average Newald Tax Bill
$329
Average Forest County Tax Bill
$1,403
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Newald, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54511 | $290 | $305 | $329 | $354 | $369 |
Source: Ownwell