Wilson, Wisconsin Property Taxes
The median property tax rate in Wilson, WI is 1.47%, considerably higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With a median home value of $160,950 in Wilson, the typical annual property tax bill reaches $2,299, which is below the national median of $2,690. Property taxes in Wilson are calculated based on the assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Wilson'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 Wilson 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
Wilson, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Wilson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wilson using just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Wilson to provide an accurate property tax bill estimate. This invaluable tool helps you gauge potential tax liabilities effectively. For those interested in more granular data, neighborhood-level trends are available by scrolling down. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Wilson, Wisconsin
Property taxes in Wilson, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilson is 1.47%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Wilson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilson 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 Wilson's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54027 ZIP code has the highest median property tax rate of 1.47%, while the same ZIP code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Wilson provides valuable insights into the varying tax landscape across St. Croix County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wilson Tax Rate
1.47%
Average St. Croix County Tax Rate
1.50%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54027 | 1.01% | 1.18% | 1.47% | 1.67% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Wilson, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wilson, Wisconsin. 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 St. Croix 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 Wilson, 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. The median home price in Wilson is $160,950, with tax bills ranging from $1,418 at the 25th percentile to $4,645 at the 90th percentile. The highest and lowest median tax bill in the area is $2,299, found in zip code 54027. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wilson Assessed Value
$160,950
Average St. Croix County Assessed Value
$270,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wilson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54027 | $42,870 | $96,600 | $160,950 | $230,525 | $309,860 |
Source: Ownwell
Property Tax Bills Across Wilson, Wisconsin
In Wilson, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Wilson is $160,950, which plays a significant role in determining the overall tax bill. Homeowners in Wilson can expect their property tax bills to vary widely, with the 25th percentile tax bill at $1,418 and the 75th percentile reaching $3,472. For those at the 90th percentile, tax bills can be as high as $4,645. The local tax rate is applied to the assessed value of the property to determine the final bill. This rate is influenced by various factors, including local government budgets, school funding, and public services. Compared to the national median property tax rate of 0.99%, Wilson's rates can lead to substantial differences in tax bills depending on the home's assessed value. For homeowners, these taxes fund essential services but can also represent a significant annual expense, affecting overall affordability and financial planning.
Average Wilson Tax Bill
$2,299
Average St. Croix County Tax Bill
$3,981
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54027 | $586 | $1,418 | $2,299 | $3,472 | $4,645 |
Source: Ownwell