New Auburn, Wisconsin Property Taxes
The median property tax rate in New Auburn, WI is 1.30%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in New Auburn at $310,200, the typical annual property tax bill reaches $3,949, surpassing the national median of $2,690. Property taxes in New Auburn are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding New Auburn'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 Auburn 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 Auburn, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$4,033
$3,742
Ownwell’s New Auburn Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in New Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Auburn 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 Auburn, Wisconsin
Property taxes in New Auburn, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Auburn is 1.30%, higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within New Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Auburn 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 Auburn's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54757 zip code has both the highest and lowest median property tax rate of 1.30%. Understanding how these areas compare with New Auburn provides valuable insights into the varying tax landscape across Rusk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Auburn Tax Rate
1.30%
Average Rusk County Tax Rate
1.18%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Auburn, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54757 | 1.12% | 1.20% | 1.30% | 1.33% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across New Auburn, Wisconsin
In New Auburn, 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 Rusk 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 New Auburn, 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 New Auburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in New Auburn is $3,949 in the 54757 zip code, while the lowest median tax bill is also $3,949 in the same zip code.
Average New Auburn Assessed Value
$310,200
Average Rusk County Assessed Value
$102,350
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Auburn, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54757 | $97,500 | $187,400 | $310,200 | $405,850 | $544,530 |
Source: Ownwell
Property Tax Bills Across New Auburn, Wisconsin
In New Auburn, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and is meant to reflect the market value of the property. Homeowners in New Auburn can expect their tax bills to vary significantly depending on the value of their homes. For instance, the tax bill at the 25th percentile is around $2,292, while at the 75th percentile, it rises to $5,366. The tax bill for the 90th percentile reaches up to $7,189. The median home price in New Auburn is $310,200, which can result in a substantial property tax bill when compared to the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Homeowners should be aware of these factors, as they significantly influence their annual financial obligations and the overall cost of homeownership in New Auburn.
Average New Auburn Tax Bill
$3,949
Average Rusk County Tax Bill
$1,304
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across New Auburn, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54757 | $1,221 | $2,292 | $3,949 | $5,366 | $7,189 |
Source: Ownwell