Neillsville, Wisconsin Property Taxes
The median property tax rate in Neillsville, WI is 1.30%, which is considerably higher than the national median of 0.99% but lower than Wisconsin's state median of 1.58%. With the median home value in Neillsville at $119,900, the typical annual property tax bill reaches $1,780, falling short of the national median of $2,690. Property taxes in Neillsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Neillsville'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 Neillsville or another part of Clark County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Neillsville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,559
Ownwell’s Neillsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Neillsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Neillsville 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 Neillsville, Wisconsin
Property taxes in Neillsville, Wisconsin, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Neillsville is 1.30%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Neillsville set these rates annually, and they can vary across different neighborhoods. Each year, Neillsville 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 Neillsville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54456 zip code has both the highest and lowest median property tax rate of 1.30%. Understanding how these areas compare with Neillsville provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Neillsville Tax Rate
1.30%
Average Clark County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Neillsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54456 | 1.11% | 1.22% | 1.30% | 1.85% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Neillsville, Wisconsin
In Neillsville, 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 Clark 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 Neillsville, 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 Neillsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $119,900, with tax bills ranging from $1,081 at the 25th percentile to $2,606 at the 75th percentile, and $3,712 at the 90th percentile. The highest and lowest median tax bill is $1,780 in the 54456 zip code.
Average Neillsville Assessed Value
$119,900
Average Clark County Assessed Value
$124,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Neillsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54456 | $41,530 | $73,600 | $119,900 | $183,400 | $267,240 |
Source: Ownwell
Property Tax Bills Across Neillsville, Wisconsin
In Neillsville, Clark County, WI, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value, considering factors such as location, size, and condition. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For a median home price of $119,900, property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $1,081, while those at the 75th percentile could see bills up to $2,606. For the top 10% of properties, tax bills can reach as high as $3,712. These figures highlight the range of property tax burdens homeowners in Neillsville might face. Compared to the national median property tax rate of 0.99%, the tax implications in Neillsville can be substantial, impacting homeowners' financial planning and overall cost of living.
Average Neillsville Tax Bill
$1,780
Average Clark County Tax Bill
$2,005
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Neillsville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54456 | $512 | $1,081 | $1,780 | $2,606 | $3,712 |
Source: Ownwell