Forestville, Kewaunee County, Wisconsin Property Taxes
The median property tax rate in Forestville, WI is 1.33%, 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 Forestville, the typical annual property tax bill reaches $2,363, which is below the national median of $2,690. Property taxes in Forestville 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 Forestville'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 Forestville 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
Forestville, Kewaunee County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$2,208
$2,049
Ownwell’s Forestville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Forestville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Forestville 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 Forestville, Kewaunee County, Wisconsin
Property taxes in Forestville, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forestville is 1.33%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Forestville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forestville 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 Forestville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54213 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Forestville provides valuable insights into the varying tax landscape across Kewaunee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Forestville Tax Rate
1.33%
Average Kewaunee County Tax Rate
1.45%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forestville, Kewaunee County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54213 | 1.21% | 1.27% | 1.33% | 1.45% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Forestville, Kewaunee County, Wisconsin
In Forestville, 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 Kewaunee County Assessor 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 Forestville, 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 Forestville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54213 in Kewaunee County has both the highest and lowest median tax bill, valued at $2,363.
Property Tax Assessment Values Across Forestville, Kewaunee County, Wisconsin
Source: Ownwell
$146,300
$187,350
$228,400
Average Forestville Assessed Value
$166,000
Average Kewaunee County Assessed Value
$180,100
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Forestville, Kewaunee County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54213 | $65,900 | $112,025 | $166,000 | $250,800 | $280,950 |
Source: Ownwell
Property Tax Bills Across Forestville, Kewaunee County, Wisconsin
In Forestville, WI, located in Kewaunee County, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor and reflects the market value of the property. This value is then multiplied by the local property tax rate to calculate the annual tax bill. For example, with a median home price of $166,000, homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate. Factors influencing the tax bill include the property's size, location, and any improvements made. For instance, homes in the 25th percentile of tax bills pay around $1,494 annually, while those in the 75th percentile pay approximately $3,254. Homes in the 90th percentile see tax bills as high as $4,104. Compared to the national median property tax rate of 0.99%, the effective rates in Forestville reflect the local economic conditions and public service funding needs. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Forestville Tax Bill
$2,363
Average Kewaunee County Tax Bill
$2,834
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Forestville, Kewaunee County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54213 | $725 | $1,494 | $2,363 | $3,254 | $4,104 |
Source: Ownwell