New Glarus, Wisconsin Property Taxes
The median property tax rate in New Glarus, WI is 2.24%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in New Glarus at $282,454, the typical annual property tax bill reaches $5,819, exceeding the national median of $2,690. Property taxes in New Glarus 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 Glarus'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 Glarus 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 Glarus, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.24%
Estimate Property Tax Bill
$6,327
Ownwell’s New Glarus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Glarus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Glarus 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 Glarus, Wisconsin
Property taxes in New Glarus, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Glarus is 1.61%, higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within New Glarus set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Glarus 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 Glarus's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53574 zip code has the highest median property tax rate of 1.61%, while the same zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with New Glarus provides valuable insights into the varying tax landscape across Green County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Glarus Tax Rate
2.24%
Average Green County Tax Rate
1.78%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Glarus, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53574 | 1.36% | 1.40% | 2.24% | 2.33% | 2.38% |
Source: Ownwell
Property Tax Assessment Values Across New Glarus, Wisconsin
In New Glarus, 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 Green 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 Glarus, 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 Glarus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 53574 has both the highest and lowest median tax bill at $5,819, reflecting the uniformity in tax assessments across the area.
Average New Glarus Assessed Value
$282,454
Average Green County Assessed Value
$193,272
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Glarus, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53574 | $164,580 | $201,360 | $282,454 | $513,385 | $720,174 |
Source: Ownwell
Property Tax Bills Across New Glarus, Wisconsin
In New Glarus, located in Green 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 and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in New Glarus, the median home price is $282,454. Property tax bills can vary significantly, with the 25th percentile at $4,542 and the 75th percentile reaching $7,944. At the higher end, the 90th percentile tax bill can go up to $10,045. The median tax bill in the area is $5,819, which is considerably higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, making it crucial for homeowners to understand how their tax bills are calculated and how they can impact their financial planning.
Average New Glarus Tax Bill
$5,819
Average Green County Tax Bill
$3,636
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across New Glarus, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53574 | $3,653 | $4,542 | $5,819 | $7,944 | $10,045 |
Source: Ownwell