Belleville, Wisconsin Property Taxes
The median property tax rate in Belleville, WI is 1.74%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Belleville at $313,437, the typical annual property tax bill reaches $6,060, exceeding the national median of $2,690. Property taxes in Belleville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Belleville'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 Belleville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belleville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$5,454
Ownwell’s Belleville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Belleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belleville 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 Green County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Belleville, Wisconsin
Property taxes in Belleville, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belleville is 1.74%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Belleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belleville 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 Belleville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 53508 has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these cities compare with Belleville provides valuable insights into the varying tax landscape across Green County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belleville Tax Rate
1.74%
Average Green County Tax Rate
1.78%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belleville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53508 | 1.63% | 1.71% | 1.74% | 1.89% | 2.41% |
Source: Ownwell
Property Tax Assessment Values Across Belleville, Wisconsin
In Belleville, 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 Green 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 Belleville, 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 Belleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 53508, with a tax bill of $6060, which is also the lowest median tax bill in the area.
Average Belleville Assessed Value
$313,437
Average Green County Assessed Value
$193,272
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belleville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53508 | $173,737 | $239,482 | $313,437 | $392,551 | $463,937 |
Source: Ownwell
Property Tax Bills Across Belleville, Wisconsin
In Belleville, located in Green 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 determine the annual property tax bill. Several factors influence the assessed value, including the home's location, size, condition, and market trends. Homeowners in Belleville can expect varying tax bills depending on these assessed values. For instance, the 25th percentile tax bill stands at $4,440, while the 75th percentile reaches $6,980, and the 90th percentile goes up to $8,171. These figures illustrate the range of property tax burdens residents might face. Comparatively, the national median property tax rate is 0.99%, but specific rates in Belleville can differ based on local budgetary needs and property values. High property tax bills can impact homeowners by increasing the overall cost of owning a home, influencing decisions on home improvements, and potentially affecting property resale values.
Average Belleville Tax Bill
$6,060
Average Green County Tax Bill
$3,636
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Belleville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53508 | $3,256 | $4,440 | $6,060 | $6,980 | $8,171 |
Source: Ownwell