Valders, Wisconsin Property Taxes
The median property tax rate in Valders, WI is 1.36%, which is notably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $194,524 in Valders, the typical annual property tax bill amounts to $2,643, slightly below the national median of $2,690. Property taxes in Valders are determined based on the assessed value rather than the market value, often reduced by exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Valders' property tax system, including the exemptions available and potential avenues for tax reductions, can result in substantial annual savings. Whether you reside in Valders or another part of Manitowoc County, familiarizing yourself with the local property tax regulations is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Valders, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$2,646
Ownwell’s Valders Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valders with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valders 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 Valders, Wisconsin
Property taxes in Valders, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valders is 1.36%, significantly higher than the U.S. national median of 0.99%. Local government entities within Valders set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valders 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 Valders' effective property tax rate to other areas in Manitowoc County and the national median. For comparison, the zip code 54245 has the highest median property tax rate of 1.36%, while the same zip code also has the lowest median tax rate of 1.36%. Understanding how these areas compare with Valders 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 Valders Tax Rate
1.36%
Average Manitowoc County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valders, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54245 | 1.19% | 1.24% | 1.36% | 1.49% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Valders, Wisconsin
In Valders, 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 Valders, 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 Valders helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54245 has the highest and lowest median tax bill at $2643, highlighting the importance of understanding your assessment to potentially reduce your tax burden.
Average Valders Assessed Value
$194,524
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 Valders, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54245 | $91,802 | $132,694 | $194,524 | $280,408 | $385,104 |
Source: Ownwell
Property Tax Bills Across Valders, Wisconsin
In Valders, located in Manitowoc 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. This value is then multiplied by the tax rate set by local taxing authorities, which funds essential services such as schools, infrastructure, and emergency services. Several factors influence the final tax bill, including property improvements, neighborhood developments, and changes in the local tax rate. Homeowners in Valders can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill stands at $1,888, while the 75th percentile reaches $3,746, and the 90th percentile goes up to $5,231. Compared to the national median property tax rate of 0.99%, Valders homeowners may find their tax rates to be relatively high, impacting their annual financial planning. Understanding these factors can help homeowners anticipate and manage their property tax obligations effectively.
Average Valders Tax Bill
$2,643
Average Manitowoc County Tax Bill
$2,169
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Valders, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54245 | $1,226 | $1,888 | $2,643 | $3,746 | $5,231 |
Source: Ownwell