Neshkoro, Wisconsin Property Taxes
The median property tax rate in Neshkoro, WI is 1.33%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Neshkoro at $208,900, the typical annual property tax bill reaches $2,892, surpassing the national median of $2,690. Property taxes in Neshkoro are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Neshkoro'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 Neshkoro or another part of Marquette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Neshkoro, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$2,778
Ownwell’s Neshkoro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Neshkoro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Neshkoro 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 Neshkoro, Wisconsin
Property taxes in Neshkoro, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Neshkoro is 1.33%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Neshkoro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Neshkoro 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 Neshkoro's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54960 zip code has the highest median property tax rate of 1.33%, while the same 54960 zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Neshkoro provides valuable insights into the varying tax landscape across Marquette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Neshkoro Tax Rate
1.33%
Average Marquette County Tax Rate
1.32%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Neshkoro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54960 | 1.13% | 1.26% | 1.33% | 1.37% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Neshkoro, Wisconsin
In Neshkoro, 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 Marquette 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 Neshkoro, 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 Neshkoro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 54960, with a value of $2,892.00, which is significantly above the national median property tax rate of 0.99%.
Average Neshkoro Assessed Value
$208,900
Average Marquette County Assessed Value
$127,100
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Neshkoro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54960 | $55,520 | $92,700 | $208,900 | $269,300 | $350,460 |
Source: Ownwell
Property Tax Bills Across Neshkoro, Wisconsin
In Neshkoro, located in Marquette County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. This value is then multiplied by the tax rate set by local taxing authorities to calculate the annual tax bill. For homeowners in Neshkoro, the median home price stands at $208,900. The property tax rate in this area results in a wide range of tax bills. For instance, at the 25th percentile, the tax bill is around $1,201, while at the 75th percentile, it can reach up to $3,583. Those in the 90th percentile might see tax bills as high as $4,497. When compared to the national median property tax rate of 0.99%, the property tax rates in Neshkoro can significantly impact homeowners, influencing their overall housing costs and financial planning.
Average Neshkoro Tax Bill
$2,892
Average Marquette County Tax Bill
$1,806
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Neshkoro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54960 | $703 | $1,201 | $2,892 | $3,583 | $4,497 |
Source: Ownwell