Bellevue, Wisconsin Property Taxes
The median property tax rate in Bellevue, WI is 1.30%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $269,200 in Bellevue, the typical annual property tax bill amounts to $3,533, surpassing the national median of $2,690. Property taxes in Bellevue are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Bellevue'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 Bellevue or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bellevue, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$3,500
Ownwell’s Bellevue Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellevue with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellevue 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 Bellevue, Wisconsin
Property taxes in Bellevue, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellevue is 1.30%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Bellevue set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellevue 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 Bellevue's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54311 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Bellevue provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellevue Tax Rate
1.30%
Average Brown County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellevue, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54311 | 1.15% | 1.24% | 1.30% | 1.37% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Bellevue, Wisconsin
In Bellevue, 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 Brown 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 Bellevue, 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 Bellevue helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54311 has the highest and lowest median tax bill at $3,533.
Average Bellevue Assessed Value
$269,200
Average Brown County Assessed Value
$232,300
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellevue, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54311 | $249,430 | $255,325 | $269,200 | $284,700 | $293,520 |
Source: Ownwell
Property Tax Bills Across Bellevue, Wisconsin
In Bellevue, WI, 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 and reflects the market value of the property. Homeowners in Bellevue can expect a median home price of $269,200, which serves as a basis for the assessed value. The tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as local government budgets, school district funding, and public services influence the tax rate. In Brown County, where Bellevue is located, the median property tax bill is $3,533, significantly higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile can expect to pay around $3,141, while those in the 75th percentile face bills of approximately $3,928. At the 90th percentile, tax bills can reach up to $3,997. These property taxes fund essential services like education, infrastructure, and public safety, directly impacting the quality of life for Bellevue residents.
Average Bellevue Tax Bill
$3,533
Average Brown County Tax Bill
$3,396
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellevue, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54311 | $3,077 | $3,141 | $3,533 | $3,928 | $3,997 |
Source: Ownwell