Shullsburg, Lafayette County, Wisconsin Property Taxes

Name: Property Tax Bills Across Shullsburg, Lafayette County, Wisconsin
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Shullsburg, WI effective property tax rate: 1.90%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Shullsburg, WI home value: $8,848
Median annual Shullsburg, WI tax bill: $169, $2,231 lower than the national median property tax bill of $2,400.

How are property taxes in Lafayette calculated?

Property taxes in Shullsburg, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Shullsburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Shullsburg, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Shullsburg, Lafayette County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.9%

Estimate Property Tax Bill

$168

$156

Ownwell’s Shullsburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Shullsburg with just two data points. By entering your property's estimated assessed value, our calculator applies Shullsburg’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lafayette County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Shullsburg, Lafayette County, Wisconsin

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Shullsburg’s effective property tax rate to other cities in Wisconsin and the median property tax rates in Wisconsin and the U.S. Shullsburg, located in Lafayette County, reflects the state's median property tax rate of 1.90%, significantly higher than the national median of 1.02%. This means property owners in Shullsburg are likely paying more in property taxes than the average U.S. homeowner. The uniformity of the tax rate across Lafayette County indicates a consistent approach to budgeting and service provision, ensuring residents receive necessary services without unexpected tax fluctuations. By understanding these rates, property owners can make informed decisions about property investments and potential savings through tax appeals or exemptions.

Property Tax Rates Across Shullsburg, Lafayette County, Wisconsin

Source: Ownwell

1.65%

2.01%

2.37%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Shullsburg Tax Rate

1.90%

Median Effective Lafayette County Tax Rate

1.84%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Shullsburg, Lafayette County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
53586	1.53%	1.66%	1.90%	1.93%	1.93%

Source: Ownwell

Property Tax Assessment Values Across Shullsburg, Lafayette County, Wisconsin

When examining property taxes in Shullsburg, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lafayette County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Lafayette County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Shullsburg.

For example, the median home price in Shullsburg is $8,848, with tax bills ranging significantly across the county. Zip code 53586 has the highest median home price at $8,848.

Property Tax Assessment Values Across Shullsburg, Lafayette County, Wisconsin

Source: Ownwell

$8,848

$18,545

$28,242

Median Shullsburg Market Value

$8,848

Median Lafayette County Market Value

$15,150

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Shullsburg, Lafayette County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
53586	$2,114	$5,107	$8,848	$35,429	$92,014

Source: Ownwell

Property Tax Bills Across Shullsburg, Lafayette County, Wisconsin

In Shullsburg, located in Lafayette County, WI, property tax bills are calculated based on the assessed value of a home. The local tax rate is then applied to this value to determine the annual tax bill. With a median home price of $8,848, the property tax bills in this area vary significantly. Homeowners in the 25th percentile pay around $95, while those in the 75th percentile face bills of approximately $568, and the 90th percentile sees bills reaching up to $1,721. Compared to the national median property tax bill of $2,400, Shullsburg residents generally experience lower tax obligations. However, these taxes can still pose a financial burden on homeowners. Factors such as changes in assessed home values or adjustments in local tax rates can affect the tax bill. Ownwell assists homeowners in Shullsburg by identifying potential savings through property tax appeals and exemptions, ensuring they do not overpay. By leveraging expert knowledge and local insights, Ownwell helps reduce the financial strain of property taxes.

Property Tax Bills Across Shullsburg, Lafayette County, Wisconsin

Source: Ownwell

$169

$329

$489

Median Shullsburg Tax Bill

$169

Median Lafayette County Tax Bill

$291

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Shullsburg, Lafayette County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
53586	$36	$95	$169	$568	$1,721

Source: Ownwell