Nichols, Wisconsin Property Taxes
The median property tax rate in Nichols, WI is 1.83%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Nichols, the typical annual property tax bill reaches $33, which is significantly lower than the national median of $2,690. Property taxes in Nichols 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 Nichols' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Nichols 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
Nichols, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.83%
Estimate Property Tax Bill
$33
Ownwell’s Nichols Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nichols with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nichols 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 Nichols, Wisconsin
Property taxes in Nichols, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nichols is 1.83%, significantly higher than the U.S. national median of 0.99%. Local government entities within Nichols set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nichols 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 Nichols' effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54152 zip code has the highest median property tax rate of 1.83%, while the 54152 zip code also has the lowest median tax rate of 1.83%. Understanding how these cities compare with Nichols provides valuable insights into the varying tax landscape across Outagamie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nichols Tax Rate
1.83%
Average Outagamie County Tax Rate
1.71%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nichols, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54152 | 1.65% | 1.81% | 1.83% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Nichols, Wisconsin
In Nichols, 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 Outagamie 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 Nichols, 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 Nichols helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the 25th percentile tax bill is $33, while the 75th percentile tax bill is $156, illustrating the range of property tax burdens within the community.
Average Nichols Assessed Value
$1,800
Average Outagamie County Assessed Value
$190,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nichols, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54152 | $1,800 | $1,800 | $1,800 | $8,600 | $139,800 |
Source: Ownwell
Property Tax Bills Across Nichols, Wisconsin
In Nichols, located in Outagamie County, WI, property tax bills are determined based on the assessed value of a property. The local tax rate is applied to this assessed value to calculate the tax bill. Factors such as the property's market value, local government budgets, and specific levies for schools or infrastructure projects can influence the assessed value. For homeowners in Nichols, the median home price is $1,800, and property tax bills can vary significantly. For example, at the 25th percentile, the tax bill is $33, while at the 75th percentile, it rises to $156. At the 90th percentile, homeowners might pay as much as $1,387. These variations highlight the impact of property value assessments and local tax rates on individual tax bills. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Nichols Tax Bill
$33
Average Outagamie County Tax Bill
$3,156
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Nichols, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54152 | $33 | $33 | $33 | $156 | $1,387 |
Source: Ownwell