Belleville, Wisconsin Property Taxes
The median property tax rate in Belleville, WI is 2.34%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $224,950 in Belleville, the typical annual property tax bill reaches $4,952, far exceeding the national median of $2,690. Property taxes in Belleville are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Belleville'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 Belleville 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
Belleville, 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 Belleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belleville 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 Belleville, Wisconsin
Property taxes in Belleville, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belleville is 2.34%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Belleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belleville 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 Belleville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 53508 has the highest median property tax rate of 2.34%, while the same zip code also has the lowest median tax rate of 2.34%. Understanding how these cities compare with Belleville provides valuable insights into the varying tax landscape across Dane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belleville Tax Rate
2.34%
Average Dane County Tax Rate
2.02%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belleville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53508 | 1.53% | 1.82% | 2.34% | 2.44% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Belleville, Wisconsin
In Belleville, 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 local 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 Belleville, 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 Belleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Belleville, the highest median tax bill is $4,952 in zip code 53508, which is also the lowest median tax bill.
Average Belleville Assessed Value
$224,950
Average Dane County Assessed Value
$304,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belleville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53508 | $2,900 | $166,200 | $224,950 | $295,425 | $385,450 |
Source: Ownwell
Property Tax Bills Across Belleville, Wisconsin
In Belleville, located in Dane County, WI, property tax bills are calculated based on the assessed value of a home. The median home price here is $224,950. Property taxes are determined by multiplying the assessed value by the local tax rate. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in Belleville can expect tax bills that vary significantly, with the 25th percentile at $3,593 and the 75th percentile at $6,392. The highest median tax bill in the area is $4,952, which is notably higher than the national median property tax rate of 0.99%. This local tax rate can have a considerable impact on financial planning for homeowners, as higher property taxes can increase the overall cost of homeownership. Understanding these factors and how they contribute to the tax bill is crucial for homeowners in managing their budgets effectively.
Average Belleville Tax Bill
$4,952
Average Dane County Tax Bill
$7,324
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Belleville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53508 | $1,275 | $3,593 | $4,952 | $6,392 | $7,984 |
Source: Ownwell