Nelson, Wisconsin Property Taxes
The median property tax rate in Nelson, WI is 1.42%, which is considerably higher than the national median of 0.99% but still below the Wisconsin state median of 1.58%. With the median home value in Nelson at $129,700, the typical annual property tax bill reaches $1,829, falling short of the national median of $2,690. Property taxes in Nelson 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 Nelson'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 Nelson or another part of Buffalo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nelson, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,842
Ownwell’s Nelson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nelson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nelson 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 Nelson, Wisconsin
Property taxes in Nelson, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nelson is 1.42%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Nelson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nelson 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 Nelson's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54756 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Nelson provides valuable insights into the varying tax landscape across Buffalo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nelson Tax Rate
1.42%
Average Buffalo County Tax Rate
1.45%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nelson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54756 | 1.06% | 1.19% | 1.42% | 1.58% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Nelson, Wisconsin
In Nelson, 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 Buffalo 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 Nelson, 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 Nelson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1829, found in the 54756 zip code, while the lowest median tax bill is also $1829 in the same zip code.
Average Nelson Assessed Value
$129,700
Average Buffalo County Assessed Value
$142,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nelson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54756 | $39,640 | $82,200 | $129,700 | $180,500 | $243,580 |
Source: Ownwell
Property Tax Bills Across Nelson, Wisconsin
In Nelson, Buffalo County, 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, who evaluates the property to reflect its market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Nelson face varying tax bills depending on their property's value. For instance, the 25th percentile tax bill is $1,023, meaning a quarter of homeowners pay this amount or less. On the higher end, the 75th percentile tax bill is $2,701, and the 90th percentile tax bill reaches $3,571. The median home price in Nelson is $129,700, which is relatively affordable compared to national standards. However, with a property tax rate that can result in significant annual bills, homeowners must budget accordingly. Understanding these factors helps homeowners anticipate their annual financial obligations and plan their finances better.
Average Nelson Tax Bill
$1,829
Average Buffalo County Tax Bill
$2,115
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Nelson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54756 | $487 | $1,023 | $1,829 | $2,701 | $3,571 |
Source: Ownwell