Whitelaw, Wisconsin Property Taxes
The median property tax rate in Whitelaw, WI is 1.15%, 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 Whitelaw at $186,804, the typical annual property tax bill reaches $2,132, which is below the national median of $2,690. Property taxes in Whitelaw 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 Whitelaw'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 Whitelaw 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
Whitelaw, 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 Whitelaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitelaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitelaw 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 Whitelaw, Wisconsin
Property taxes in Whitelaw, Wisconsin, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Whitelaw is 1.15%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Whitelaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitelaw 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 Whitelaw's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54247 has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these areas compare with Whitelaw 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 Whitelaw Tax Rate
1.15%
Average Manitowoc County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitelaw, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54247 | 0.82% | 0.97% | 1.15% | 1.30% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Whitelaw, Wisconsin
In Whitelaw, 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 Whitelaw, 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 Whitelaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Whitelaw, both at $2,132, are found in the 54247 zip code.
Average Whitelaw Assessed Value
$186,804
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 Whitelaw, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54247 | $93,117 | $135,780 | $186,804 | $254,452 | $360,728 |
Source: Ownwell
Property Tax Bills Across Whitelaw, Wisconsin
In Whitelaw, 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 Manitowoc County assessor and reflects the market value of the property. Homeowners in Whitelaw face a median property tax rate of 1.14%, which is higher than the national median of 0.99%. This rate is applied to the assessed value to determine the annual tax bill. For a median home price of $186,804, the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $1,534, while those at the 75th percentile could see bills as high as $2,838. The top 10% of tax bills can reach up to $3,971. These varying amounts depend on factors like property improvements, neighborhood developments, and changes in assessed values. Understanding these elements is crucial for homeowners as property taxes directly impact their annual financial planning and long-term investment in their homes.
Average Whitelaw Tax Bill
$2,132
Average Manitowoc County Tax Bill
$2,169
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitelaw, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54247 | $972 | $1,534 | $2,132 | $2,838 | $3,971 |
Source: Ownwell