Wilson, Wisconsin Property Taxes
The median property tax rate in Wilson, WI is 1.30%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Wilson, the typical annual property tax bill reaches $3,505, exceeding the national median of $2,690. Property taxes in Wilson 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 Wilson'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 Wilson 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
Wilson, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$3,385
Ownwell’s Wilson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilson 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 Wilson, Wisconsin
Property taxes in Wilson, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilson is 1.30%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Wilson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilson 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 Wilson's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54027 zip code has the highest median property tax rate of 1.30%, while the 54027 zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Wilson provides valuable insights into the varying tax landscape across Dunn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wilson Tax Rate
1.30%
Average Dunn County Tax Rate
1.31%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54027 | 1.27% | 1.29% | 1.30% | 1.34% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Wilson, Wisconsin
In Wilson, 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 Dunn 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 Wilson, 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 Wilson is $260,400, with tax bills varying significantly. For instance, the 25th percentile tax bill is $3,450, while the 75th percentile reaches $4,580, and the 90th percentile is $5,225. The highest and lowest median tax bills in Wilson are both $3,505, found in zip code 54027. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions, thereby effectively managing the tax burden.
Average Wilson Assessed Value
$260,400
Average Dunn County Assessed Value
$211,100
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wilson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54027 | $256,400 | $257,900 | $260,400 | $353,450 | $409,280 |
Source: Ownwell
Property Tax Bills Across Wilson, Wisconsin
In Wilson, 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 county assessor and reflects the market value of the property. Homeowners in Wilson can expect property tax bills that vary significantly, with the 25th percentile at $3,450 and the 75th percentile at $4,580. The top 10% of tax bills can reach up to $5,225. Several factors influence these tax bills, including the home's assessed value, local government budgets, and specific levies for schools, infrastructure, and public services. Comparatively, Wilson's median tax bill is higher than the national median property tax rate of 0.99%, reflecting the area's property values and public funding needs. For homeowners, these taxes fund essential community services but also represent a significant annual expense that should be planned for accordingly.
Average Wilson Tax Bill
$3,505
Average Dunn County Tax Bill
$2,914
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54027 | $3,417 | $3,450 | $3,505 | $4,580 | $5,225 |
Source: Ownwell