Maribel, Wisconsin Property Taxes
The median property tax rate in Maribel, WI is 1.30%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Maribel, the typical annual property tax bill reaches $2,821, exceeding the national median of $2,690. Property taxes in Maribel 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 Maribel'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 Maribel 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
Maribel, 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 Maribel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maribel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maribel 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 Maribel, Wisconsin
Property taxes in Maribel, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maribel is 1.30%, which is higher than the U.S. national median of 0.99%. Local government entities within Maribel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maribel 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 Maribel's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54227 zip code has both the highest and lowest median property tax rate of 1.30%. Understanding how these cities compare with Maribel provides valuable insights into the varying tax landscape across Manitowoc, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maribel Tax Rate
1.30%
Average Manitowoc County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maribel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54227 | 1.20% | 1.25% | 1.30% | 1.33% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Maribel, Wisconsin
In Maribel, 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 Manitowoc 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 Maribel, 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. The median home price in Maribel is $219,670, with tax bills ranging from $2,020 at the 25th percentile to $5,227 at the 90th percentile. The highest and lowest median tax bills are both $2,821 in the 54227 zip code. Being aware of these valuation processes in Maribel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Maribel Assessed Value
$219,670
Average Manitowoc County Assessed Value
$151,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maribel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54227 | $103,004 | $154,410 | $219,670 | $312,168 | $396,387 |
Source: Ownwell
Property Tax Bills Across Maribel, Wisconsin
In Maribel, located in Manitowoc County, WI, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the market value determined by local assessors. Factors such as the property's size, location, and condition are considered during the assessment process. The local tax rate is then applied to the assessed value to determine the annual tax bill. For homeowners in Maribel, the property tax bill can vary significantly. The 25th percentile tax bill is around $2,020, while the 75th percentile reaches approximately $4,067. At the 90th percentile, tax bills can go as high as $5,227. These figures indicate a broad range in property tax obligations, reflecting the diversity in property values and types within the area. Comparatively, Maribel's property tax rates are influenced by Wisconsin's overall property tax structure, which can be higher than the national median property tax rate of 0.99%. This can impact homeowners by affecting their monthly mortgage payments and overall cost of homeownership.
Average Maribel Tax Bill
$2,821
Average Manitowoc County Tax Bill
$2,169
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Maribel, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54227 | $1,343 | $2,020 | $2,821 | $4,067 | $5,227 |
Source: Ownwell