Belgium, Wisconsin Property Taxes
The median property tax rate in Belgium, WI is 1.62%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Belgium at $372,200, the typical annual property tax bill reaches $6,041, exceeding the national median of $2,690. Property taxes in Belgium 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 Belgium'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 Belgium or another part of Sheboygan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belgium, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$6,030
$5,595
Ownwell’s Belgium Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Belgium with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belgium to provide an estimate of your property tax bill. This insightful tool aids in understanding potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Belgium, Wisconsin
Property taxes in Belgium, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belgium is 1.62%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Belgium set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belgium 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 Belgium's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53004 zip code has the highest median property tax rate of 1.62%, while the same zip code also has the lowest median tax rate of 1.62%. Understanding how these cities compare with Belgium provides valuable insights into the varying tax landscape across Sheboygan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belgium Tax Rate
1.62%
Average Sheboygan County Tax Rate
1.82%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belgium, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53004 | 1.62% | 1.62% | 1.62% | 1.62% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Belgium, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Belgium, 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 Sheboygan 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 Belgium, 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 Belgium helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Belgium are both $6,041 in the 53004 zip code, reflecting the uniformity in tax assessments within the area.
Average Belgium Assessed Value
$372,200
Average Sheboygan County Assessed Value
$188,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belgium, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53004 | $360,120 | $364,650 | $372,200 | $379,750 | $384,280 |
Source: Ownwell
Property Tax Bills Across Belgium, Wisconsin
In Belgium, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Belgium is $372,200, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property location, improvements, and market conditions are considered during the assessment process. Homeowners in Belgium can expect their property tax bills to vary. For instance, the 25th percentile tax bill is around $5,924, while the 75th percentile reaches $6,159. The 90th percentile tax bill is approximately $6,229, indicating that most homeowners pay within this range. The highest and lowest median tax bills are both $6,041, highlighting a consistent tax rate in the 53004 ZIP code. Compared to the national median property tax rate of 0.99%, Belgium's property tax bills are relatively high, impacting homeowners by increasing their annual financial obligations. Understanding these factors can help homeowners better plan for their property tax expenses.
Average Belgium Tax Bill
$6,041
Average Sheboygan County Tax Bill
$3,209
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Belgium, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53004 | $5,853 | $5,924 | $6,041 | $6,159 | $6,229 |
Source: Ownwell