Reedsville, Wisconsin Property Taxes
The median property tax rate in Reedsville, WI is 1.27%, higher than both the national median of 0.99% and Wisconsin's state median of 1.58%. With a median home value of $191,438 in Reedsville, the typical annual property tax bill amounts to $2,409, slightly below the national median of $2,690. Property taxes in Reedsville are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Reedsville'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 Reedsville or another part of Manitowoc County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Reedsville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$2,431
Ownwell’s Reedsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reedsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reedsville 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 Reedsville, Wisconsin
Property taxes in Reedsville, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reedsville is 1.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Reedsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reedsville 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 Reedsville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54230 zip code has the highest median property tax rate of 1.27%, while the same zip code has the lowest median tax rate of 1.27%. Understanding how these cities compare with Reedsville provides valuable insights into the varying tax landscape across Manitowoc County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Reedsville Tax Rate
1.27%
Average Manitowoc County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reedsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54230 | 0.82% | 1.00% | 1.27% | 1.59% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Reedsville, Wisconsin
In Reedsville, 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 Reedsville, 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. The median home price in Reedsville stands at $191,438. The typical annual tax bill ranges from $1,650 at the 25th percentile to $3,481 at the 75th percentile, with the highest median tax bill recorded at $2,409 in zip code 54230. 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 Reedsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Reedsville Assessed Value
$191,438
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 Reedsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54230 | $87,803 | $129,742 | $191,438 | $278,632 | $390,910 |
Source: Ownwell
Property Tax Bills Across Reedsville, Wisconsin
In Reedsville, located in Manitowoc County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Reedsville is $191,438. Property taxes are determined by multiplying the assessed value of the property by the local tax rate. This rate is influenced by various factors, including local government budgets, school funding requirements, and public service needs. Homeowners in Reedsville can expect a range of tax bills. For instance, the 25th percentile tax bill is approximately $1,650, while the 75th percentile reaches around $3,481. At the higher end, the 90th percentile tax bill can be as much as $4,942. These figures indicate a significant variation in property tax obligations, reflecting differences in property values and specific assessments. Compared to the national median property tax rate of 0.99%, Reedsville's property tax rates can result in varied financial impacts on homeowners, depending on their property's assessed value. This variation underscores the importance of understanding local tax assessments and potential exemptions to manage property tax liabilities effectively.
Average Reedsville Tax Bill
$2,409
Average Manitowoc County Tax Bill
$2,169
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Reedsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54230 | $954 | $1,650 | $2,409 | $3,481 | $4,942 |
Source: Ownwell