New London, Wisconsin Property Taxes
The median property tax rate in New London, WI is 1.51%, which is significantly higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With the median home value in New London at $129,700, the typical annual property tax bill reaches $1,803, falling below the national median of $2,690. Property taxes in New London are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New London’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 New London 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
New London, 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 New London Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New London with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New London 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 New London, Wisconsin
Property taxes in New London, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New London is 1.51%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within New London set these rates annually, and they can vary significantly across different neighborhoods. Each year, New London 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 New London's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54961 has both the highest and lowest median property tax rate of 1.51%. Understanding how these areas compare with New London 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 New London Tax Rate
1.51%
Average Outagamie County Tax Rate
1.71%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across New London, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54961 | 0.99% | 1.11% | 1.51% | 1.67% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across New London, Wisconsin
In New London, 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 New London, 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. For instance, the median home price in New London is $129,700, with tax bills ranging from $1,252 at the 25th percentile to $2,477 at the 75th percentile, and up to $3,564 at the 90th percentile. Understanding the distinction between these valuation concepts helps property owners navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average New London Assessed Value
$129,700
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 New London, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54961 | $42,100 | $88,200 | $129,700 | $198,000 | $259,200 |
Source: Ownwell
Property Tax Bills Across New London, Wisconsin
In New London, WI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or changes made to the property. For homeowners in New London, the median home price is $129,700. Property tax bills can vary significantly, with the 25th percentile paying around $1,252 and the 75th percentile paying approximately $2,477. At the 90th percentile, tax bills can reach up to $3,564. Compared to the national median property tax rate of 0.99%, homeowners in New London may experience higher or lower tax obligations depending on these assessments and the applied tax rate. Understanding how these factors interplay helps homeowners anticipate their annual property tax responsibilities and plan their finances accordingly.
Average New London Tax Bill
$1,803
Average Outagamie County Tax Bill
$3,156
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across New London, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54961 | $566 | $1,252 | $1,803 | $2,477 | $3,564 |
Source: Ownwell