Neshkoro, Wisconsin Property Taxes
The median property tax rate in Neshkoro, WI is 1.14%, 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 $169,300 in Neshkoro, the typical annual property tax bill is $1,926, falling below the national median of $2,690. Property taxes in Neshkoro are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Neshkoro'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 Neshkoro or another part of Waushara County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Neshkoro, 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 Neshkoro Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Neshkoro with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Neshkoro to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Neshkoro, Wisconsin
Property taxes in Neshkoro, Wisconsin, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Neshkoro is 1.14%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Neshkoro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Neshkoro 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 Neshkoro's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54960 zip code has the highest median property tax rate of 1.14%, while the 54960 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Neshkoro provides valuable insights into the varying tax landscape across Waushara County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Neshkoro Tax Rate
1.14%
Average Waushara County Tax Rate
1.26%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Neshkoro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54960 | 1.08% | 1.09% | 1.14% | 1.16% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Neshkoro, Wisconsin
In Neshkoro, 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 Waushara 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 Neshkoro, 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 Neshkoro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54960 in Waushara County has the highest and lowest median tax bill, both at $1926.
Average Neshkoro Assessed Value
$169,300
Average Waushara County Assessed Value
$163,950
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Neshkoro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54960 | $68,120 | $100,300 | $169,300 | $193,500 | $203,040 |
Source: Ownwell
Property Tax Bills Across Neshkoro, Wisconsin
Property tax bills in Neshkoro, located in Waushara County, WI, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors who evaluate the market value of the property. Homeowners in Neshkoro typically see a range of tax bills, with the 25th percentile at $1,211 and the 75th percentile at $2,193. The median home price in Neshkoro stands at $169,300, which influences the overall tax bill. Factors such as property improvements, neighborhood developments, and market trends can affect the assessed value, thereby impacting the tax bill. Homeowners with properties in the highest median tax bill zip code, 54960, pay around $1,926, which is notably higher than the national median property tax rate of 0.99%. This means that property taxes in Neshkoro can significantly affect homeowners' annual expenses, making it essential for them to stay informed about their property's assessed value and any changes in local tax rates.
Average Neshkoro Tax Bill
$1,926
Average Waushara County Tax Bill
$2,143
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Neshkoro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54960 | $764 | $1,211 | $1,926 | $2,193 | $2,359 |
Source: Ownwell