Brussels, Wisconsin Property Taxes
The median property tax rate in Brussels, WI is 1.40%, which is significantly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Brussels at $237,200, the typical annual property tax bill reaches $3,116, surpassing the national median of $2,690. Property taxes in Brussels 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 Brussels' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Brussels or another part of Door County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brussels, 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 Brussels Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brussels with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brussels 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 Brussels, Wisconsin
Property taxes in Brussels, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brussels is 1.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brussels set these rates annually, and they can vary across different neighborhoods. Each year, Brussels 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 Brussels' effective property tax rate to other areas and the national median. For comparison, the zip code 54204 in Door County has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these areas compare with Brussels provides valuable insights into the varying tax landscape across Door County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Brussels Tax Rate
1.40%
Average Door County Tax Rate
1.06%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brussels, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54204 | 1.17% | 1.38% | 1.40% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Brussels, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Brussels, 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 local assessment authorities 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 Brussels, 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 Brussels helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both recorded at $3,116 in zip code 54204, illustrating the uniformity in tax assessments within this region.
Average Brussels Assessed Value
$237,200
Average Door County Assessed Value
$231,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brussels, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54204 | $117,500 | $169,200 | $237,200 | $350,550 | $477,700 |
Source: Ownwell
Property Tax Bills Across Brussels, Wisconsin
In Brussels, WI, located in Door County, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Brussels, the median home price is $237,200. The property tax rate in this area can lead to a significant range in tax bills. For instance, the 25th percentile of tax bills is $2,072, while the 75th percentile reaches $4,691. At the 90th percentile, homeowners might see tax bills as high as $6,469. These tax bills are influenced by various factors including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, homeowners in Brussels might find their tax bills vary significantly, affecting their overall cost of homeownership. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Brussels Tax Bill
$3,116
Average Door County Tax Bill
$2,726
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Brussels, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54204 | $924 | $2,072 | $3,116 | $4,691 | $6,469 |
Source: Ownwell