Kimberly, Wisconsin Property Taxes
The median property tax rate in Kimberly, WI is 1.53%, which is considerably higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With the median home value in Kimberly at $160,200, the typical annual property tax bill reaches $2,507, just under the national median of $2,690. Property taxes in Kimberly 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 Kimberly'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 Kimberly 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
Kimberly, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$2,451
Ownwell’s Kimberly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kimberly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kimberly 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 Kimberly, Wisconsin
Property taxes in Kimberly, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kimberly is 1.53%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Kimberly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kimberly 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 Kimberly's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54136 zip code has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with Kimberly provides valuable insights into the varying tax landscape across Outagamie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kimberly Tax Rate
1.53%
Average Outagamie County Tax Rate
1.71%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kimberly, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54136 | 1.48% | 1.50% | 1.53% | 1.58% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Kimberly, Wisconsin
In Kimberly, 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 Outagamie 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 Kimberly, 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. For instance, the median home price in Kimberly is $160,200, with tax bills ranging from $2,080 at the 25th percentile to $4,223 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 54136, with a median tax bill of $2,507. Being aware of these valuation processes in Kimberly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kimberly Assessed Value
$160,200
Average Outagamie County Assessed Value
$190,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kimberly, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54136 | $113,700 | $134,850 | $160,200 | $204,250 | $266,110 |
Source: Ownwell
Property Tax Bills Across Kimberly, Wisconsin
In Kimberly, WI, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is an estimation of the property's market value as determined by the local assessor's office. For instance, with a median home price of $160,200, homeowners can expect their property tax bill to vary significantly based on the assessed value and the tax rate applied. Factors influencing the tax bill include the property's location within Outagamie County, any applicable exemptions, and the specific services funded by local taxes, such as schools and infrastructure. In Kimberly, the tax bill for the 25th percentile is around $2,080, while those in the 75th percentile see bills of approximately $3,271. At the 90th percentile, property taxes can reach up to $4,223. These taxes significantly impact homeowners by affecting their overall housing costs. Compared to the national median property tax rate of 0.99%, Kimberly's property taxes can be relatively high, emphasizing the importance of understanding local tax obligations.
Average Kimberly Tax Bill
$2,507
Average Outagamie County Tax Bill
$3,156
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Kimberly, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54136 | $1,724 | $2,080 | $2,507 | $3,271 | $4,223 |
Source: Ownwell