Nekoosa, Wisconsin Property Taxes
The median property tax rate in Nekoosa, WI is 1.53%, which is considerably higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With the median home value in Nekoosa at $127,150, the typical annual property tax bill reaches $1,912, falling below the national median of $2,690. Property taxes in Nekoosa are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Nekoosa'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 Nekoosa 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
Nekoosa, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$1,945
Ownwell’s Nekoosa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nekoosa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nekoosa 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 Nekoosa, Wisconsin
Property taxes in Nekoosa, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nekoosa is 1.53%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Nekoosa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nekoosa 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 Nekoosa's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54457 zip code has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with Nekoosa provides valuable insights into the varying tax landscape across Juneau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nekoosa Tax Rate
1.53%
Average Juneau County Tax Rate
1.39%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nekoosa, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54457 | 1.19% | 1.39% | 1.53% | 1.62% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Nekoosa, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Nekoosa, Wisconsin. The market value represents 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 Juneau 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 Nekoosa, 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. For instance, the zip code 54457 has the highest and lowest median tax bill at $1912. Being aware of these valuation processes in Nekoosa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Nekoosa Assessed Value
$127,150
Average Juneau County Assessed Value
$133,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nekoosa, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54457 | $39,740 | $62,375 | $127,150 | $234,125 | $430,690 |
Source: Ownwell
Property Tax Bills Across Nekoosa, Wisconsin
In Nekoosa, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Juneau County. The assessed value is determined by the county assessor, who evaluates the property’s market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $127,150, homeowners can expect varying tax bills depending on their property's specific assessment and applicable exemptions. Factors influencing the tax bill include the property's location within Nekoosa, any improvements made to the home, and applicable tax exemptions. Homeowners in the 25th percentile might see tax bills around $874, while those in the 75th percentile could face bills up to $3,684. At the higher end, the 90th percentile tax bill reaches approximately $7,138. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life and property values in the community.
Average Nekoosa Tax Bill
$1,912
Average Juneau County Tax Bill
$2,011
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Nekoosa, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54457 | $447 | $874 | $1,912 | $3,684 | $7,138 |
Source: Ownwell