New Berlin, Wisconsin Property Taxes
The median property tax rate in New Berlin, WI is 1.49%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in New Berlin at $299,300, the typical annual property tax bill reaches $4,482, exceeding the national median of $2,690. Property taxes in New Berlin 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 New Berlin'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 Berlin 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 Berlin, 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 Berlin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Berlin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Berlin 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 Berlin, Wisconsin
Property taxes in New Berlin, 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 Berlin is 1.49%, significantly higher than the U.S. national median of 0.99%. Local government entities within New Berlin set these rates annually, and they can vary across different neighborhoods. Each year, New Berlin 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 Berlin's effective property tax rate to other areas in Waukesha County and the national median. For comparison, the zip code 53151 has the highest median property tax rate of 1.49%, while the zip code 53146 has the lowest median tax rate of 1.49%. Understanding how these areas compare with New Berlin provides valuable insights into the varying tax landscape across Waukesha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Berlin Tax Rate
1.49%
Average Waukesha County Tax Rate
1.34%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Berlin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53146 | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% |
| 53151 | 1.49% | 1.49% | 1.49% | 1.49% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across New Berlin, Wisconsin
In New Berlin, 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 Waukesha 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 Berlin, 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. The median home price in New Berlin is $299,300, with tax bills ranging from $3,756 at the 25th percentile to $7,160 at the 90th percentile. The highest median tax bill is found in zip code 53151 at $4,511, while the lowest is in zip code 53146 at $4,378. 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 Berlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average New Berlin Assessed Value
$299,300
Average Waukesha County Assessed Value
$348,408
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Berlin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53146 | $221,340 | $253,700 | $293,400 | $352,400 | $537,140 |
| 53151 | $187,400 | $249,850 | $300,900 | $373,400 | $471,200 |
Source: Ownwell
Property Tax Bills Across New Berlin, Wisconsin
In New Berlin, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or modifications made to the home. For homeowners in New Berlin, the median home price is $299,300. The property tax rate in Waukesha County is higher than the national median property tax rate of 0.99%. As a result, homeowners can expect to pay a substantial amount in property taxes. The tax bill at the 25th percentile is $3,756, while at the 75th percentile, it increases to $5,527. For those at the 90th percentile, the tax bill can be as high as $7,160. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Thus, understanding how property tax bills are calculated helps homeowners plan their finances and appreciate the services they benefit from.
Average New Berlin Tax Bill
$4,482
Average Waukesha County Tax Bill
$4,538
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across New Berlin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53146 | $3,309 | $3,780 | $4,378 | $5,258 | $8,097 |
| 53151 | $2,811 | $3,745 | $4,511 | $5,599 | $7,051 |
Source: Ownwell