Neosho, Wisconsin Property Taxes
The median property tax rate in Neosho, WI is 0.13%, significantly lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $272,500 in Neosho, the typical annual property tax bill amounts to $332, which is well below the national median of $2,690. Property taxes in Neosho are calculated based on the tax assessed value, which is typically lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Neosho'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 Neosho or another part of Dodge County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Neosho, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.13%
Estimate Property Tax Bill
$354
Ownwell’s Neosho Property Tax Bill Calculator provides homeowners, real estate investors, and potential buyers with a quick estimate of their annual property taxes in Neosho using just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Neosho to give you an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities with ease. For those interested in more granular insights, you can explore neighborhood-level trends below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Neosho, Wisconsin
Property taxes in Neosho, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Neosho is 1.76%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Neosho set these rates annually, and they can vary significantly across different neighborhoods. Each year, Neosho 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 Neosho's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53916 zip code has the highest median property tax rate of 2.36%, while the 53922 zip code has the lowest median tax rate of 1.01%. Understanding how these cities compare with Neosho provides valuable insights into the varying tax landscape across Dodge County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Neosho Tax Rate
0.13%
Average Dodge County Tax Rate
0.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Neosho, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53059 | 0.11% | 0.11% | 0.13% | 0.13% | 0.13% |
Source: Ownwell
Property Tax Assessment Values Across Neosho, Wisconsin
In Neosho, 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 Dodge 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 Neosho, 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 Neosho helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Neosho is $272,500, with the highest median tax bill being $332 in zip code 53059, and the lowest median tax bill also at $332 in the same zip code.
Average Neosho Assessed Value
$272,500
Average Dodge County Assessed Value
$188,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Neosho, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53059 | $118,680 | $204,750 | $272,500 | $372,500 | $486,100 |
Source: Ownwell
Property Tax Bills Across Neosho, Wisconsin
In Neosho, Dodge County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is then applied to this assessed value to calculate the annual property tax bill. For instance, with a median home price of $272,500, homeowners can expect their property tax bill to vary. The 25th percentile tax bill is around $249, while the 75th percentile reaches $450, and the 90th percentile can go up to $579. These variations depend on factors such as property location within Neosho, any applicable exemptions, and the specific assessment practices of the local tax authority. Compared to the national median property tax rate of 0.99%, Neosho's tax bills reflect a range that can significantly impact homeowners' annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Neosho Tax Bill
$332
Average Dodge County Tax Bill
$288
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Neosho, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53059 | $139 | $249 | $332 | $450 | $579 |
Source: Ownwell