Belgium, Wisconsin Property Taxes
The median property tax rate in Belgium, WI is 1.29%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $262,300 in Belgium, the typical annual property tax bill reaches $3,319, significantly exceeding the national median of $2,690. Property taxes in Belgium are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Belgium'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 Belgium or another part of Ozaukee County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belgium, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$3,384
Ownwell’s Belgium Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belgium with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belgium 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 Belgium, Wisconsin
Property taxes in Belgium, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belgium is 1.29%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Belgium set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belgium 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 Belgium's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53004 zip code has the highest median property tax rate of 1.29%, while the same 53004 zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Belgium provides valuable insights into the varying tax landscape across Ozaukee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belgium Tax Rate
1.29%
Average Ozaukee County Tax Rate
1.24%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belgium, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53004 | 0.96% | 1.14% | 1.29% | 1.31% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Belgium, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Belgium, WI. 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 Ozaukee 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 Belgium, 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. For example, the median home price in Belgium is $262,300, with tax bills ranging from $2,563 at the 25th percentile to $5,458 at the 90th percentile. The zip code 53004 has the highest and lowest median tax bill, both at $3,319. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Belgium Assessed Value
$262,300
Average Ozaukee County Assessed Value
$339,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belgium, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53004 | $169,860 | $205,900 | $262,300 | $328,700 | $441,380 |
Source: Ownwell
Property Tax Bills Across Belgium, Wisconsin
In Belgium, located in Ozaukee County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $262,300. Homeowners can expect their tax bills to vary, with the 25th percentile at $2,563 and the 75th percentile at $4,191. For those at the 90th percentile, tax bills can reach up to $5,458. The highest and lowest median tax bills in the area are both recorded at $3,319, specifically in the 53004 zip code. These figures are influenced by the assessed value of the property, which is determined by local assessors who consider factors such as market conditions, property size, and home improvements. Compared to the national median property tax rate of 0.99%, homeowners in Belgium might find their tax rates to be relatively moderate or high, depending on their property's assessed value. Understanding these factors can help homeowners better anticipate their annual tax obligations.
Average Belgium Tax Bill
$3,319
Average Ozaukee County Tax Bill
$4,109
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Belgium, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53004 | $1,918 | $2,563 | $3,319 | $4,191 | $5,458 |
Source: Ownwell