Neenah, Wisconsin Property Taxes
The median property tax rate in Neenah, WI is 1.53%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Neenah at $319,400, the typical annual property tax bill reaches $4,992, exceeding the national median of $2,690. Property taxes in Neenah 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 Neenah'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 Neenah 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
Neenah, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$4,887
Ownwell’s Neenah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Neenah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Neenah 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 Neenah, Wisconsin
Property taxes in Neenah, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Neenah is 1.53%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Neenah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Neenah 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 Neenah's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54956 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 Neenah 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 Neenah 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 Neenah, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54956 | 1.12% | 1.50% | 1.53% | 1.56% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Neenah, Wisconsin
In Neenah, 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 Assessor 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 Neenah, 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 Neenah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54956 has the highest median tax bill, amounting to $4,992.
Average Neenah Assessed Value
$319,400
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 Neenah, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54956 | $24,200 | $148,500 | $319,400 | $438,100 | $520,900 |
Source: Ownwell
Property Tax Bills Across Neenah, Wisconsin
In Neenah, 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’s office, which evaluates the property’s worth. This assessed value is then multiplied by the tax rate set by local taxing authorities, which includes the city, county, and school districts. For homeowners in Neenah, the median home price stands at $319,400. Tax bills can vary significantly; for instance, the 25th percentile tax bill is around $2,640, while the 75th percentile reaches $6,527, and the 90th percentile can be as high as $7,648. These figures illustrate the range of tax burdens homeowners might face, influenced by factors like property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Neenah's rates can result in higher tax bills, impacting homeowners' financial planning and budgeting. The highest median tax bill recorded in the area is $4,992 in the 54956 zip code, reflecting the local variations in tax burdens.
Average Neenah Tax Bill
$4,992
Average Outagamie County Tax Bill
$3,156
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Neenah, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54956 | $374 | $2,640 | $4,992 | $6,527 | $7,648 |
Source: Ownwell