Two Rivers, Manitowoc County, Wisconsin Property Taxes

Name: Property Tax Bills Across Two Rivers, Manitowoc County, Wisconsin
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Two Rivers, WI effective property tax rate: 1.65%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Two Rivers, WI home value: $116,650
Median annual Two Rivers, WI tax bill: $1,866, $534 lower than the national median property tax bill of $2,400.

How are property taxes in Manitowoc calculated?

Property taxes in Two Rivers, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Two Rivers’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Two Rivers, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Two Rivers, Manitowoc County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.5%

Estimate Property Tax Bill

$1,967

$1,825

Ownwell’s Two Rivers Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Two Rivers with just two data points. By entering your property's estimated assessed value, our calculator applies Two Rivers’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Manitowoc County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Two Rivers, Manitowoc County, Wisconsin

Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county annually calculates its necessary budget to provide services and then divides that amount by the total value of all taxable property within its borders. This calculation establishes the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is the essence of the annual process.

In Two Rivers, located in Manitowoc County, the effective property tax rate reflects this process. While the median property tax rate in Wisconsin stands at 1.65%, it is notably higher than the national median of 1.02%. This means property owners in Two Rivers might experience higher tax bills compared to other parts of the country. However, the rate is consistent with the state’s median, indicating a uniform approach within Wisconsin. By understanding these rates, property owners can better navigate their tax responsibilities and explore potential savings through appeals or exemptions.

Property Tax Rates Across Two Rivers, Manitowoc County, Wisconsin

Source: Ownwell

0.96%

1.23%

1.50%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Two Rivers Tax Rate

1.50%

Median Effective Manitowoc County Tax Rate

1.41%

Median Effective Wisconsin Tax Rate

1.43%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Two Rivers, Manitowoc County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
54241	1.02%	1.20%	1.50%	1.63%	1.68%

Source: Ownwell

Property Tax Assessment Values Across Two Rivers, Manitowoc County, Wisconsin

When examining property taxes in Two Rivers, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Manitowoc County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Manitowoc County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Two Rivers. For example, the median home price in Two Rivers is $116,650, with tax bills ranging significantly across the county. ZIP code 54241 has the highest median home price at $116,650.

Property Tax Assessment Values Across Two Rivers, Manitowoc County, Wisconsin

Source: Ownwell

$131,100

$235,838

$340,576

Median Two Rivers Market Value

$131,100

Median Manitowoc County Market Value

$168,126

Median Wisconsin Market Value

$237,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Two Rivers, Manitowoc County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
54241	$65,172	$95,100	$131,100	$192,197	$273,042

Source: Ownwell

Property Tax Bills Across Two Rivers, Manitowoc County, Wisconsin

Property tax bills in Two Rivers, located in Manitowoc County, WI, are determined by assessing the property's market value and applying the local tax rate. The assessed value is a crucial factor, reflecting the estimated market value of a home. In Two Rivers, the median property tax bill stands at $1,866, which is lower than the national median of $2,400. Homeowners in this area experience a property tax rate aligning with the state's average, ensuring taxes are proportionate to home values.

For homeowners, understanding these factors is essential as they directly influence the annual tax obligation. Property taxes can be a significant expense, impacting household budgets and long-term financial planning. That's where Ownwell steps in, offering expertise in property tax appeals and exemptions. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners reduce their tax burden. This service not only provides potential savings but also ensures homeowners are not overpaying on their property taxes, allowing for a more balanced financial outlook.

Property Tax Bills Across Two Rivers, Manitowoc County, Wisconsin

Source: Ownwell

$1,234

$2,494

$3,753

Median Two Rivers Tax Bill

$1,908

Median Manitowoc County Tax Bill

$2,281

Median Wisconsin Tax Bill

$3,453

Median United States Tax Bill

$2,400

Property Tax Bills Across Two Rivers, Manitowoc County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
54241	$869	$1,394	$1,908	$2,660	$3,710

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	May 25

Links
Manitowoc Tax Assessor
Website	ascent.co.manitowoc.wi.us