Belmont, Lafayette County, Wisconsin Property Taxes
Median Belmont, WI effective property tax rate: 1.68%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Belmont, WI home value: $16,085
Median annual Belmont, WI tax bill: $281, $2,119 lower than the national median property tax bill of $2,400.
How are property taxes in Lafayette calculated?
Property taxes in Belmont, 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 Belmont’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Belmont, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Belmont, Lafayette County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.68%
Estimate Property Tax Bill
$270
$251
Property Tax Rates Across Belmont, Lafayette County, Wisconsin
Local government entities determine tax rates, which can differ significantly across a state. This variation arises because each county annually calculates its budgetary needs to provide essential services and divides this by the total assessed value of all taxable properties in its area. This process establishes the property tax rate. Although voting and legislation play a role in setting tax rates and budgets, this calculation is the core of the annual procedure.
In Belmont, located in Lafayette County, Wisconsin, the effective property tax rate stands at 1.68%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Belmont's rate to the state median, it aligns with Wisconsin's median property tax rate, which is also 1.68%. This indicates that Belmont's property tax rate is consistent with the state average but surpasses the national median. Understanding these differences can help property owners in Belmont better plan for their tax liabilities and explore potential savings through property tax appeals or exemptions.
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 Belmont Tax Rate
1.68%
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 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 Belmont, Lafayette County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53510 | 1.58% | 1.65% | 1.68% | 1.68% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Belmont, Lafayette County, Wisconsin
When examining property taxes in Belmont, Wisconsin, 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.
Assessment notices: In Lafayette County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Belmont.
For example, the median home price in Belmont is $16,085, with tax bills ranging significantly across the county. Zip code 53510 has the highest median home price at $16,085.
Property Tax Assessment Values Across Belmont, Lafayette County, Wisconsin
Source: Ownwell
$8,848
$18,545
$28,242
Median Belmont Market Value
$16,085
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 Belmont, Lafayette County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53510 | $2,286 | $7,984 | $16,085 | $122,706 | $247,170 |
Source: Ownwell
Property Tax Bills Across Belmont, Lafayette County, Wisconsin
Median Belmont Tax Bill
$281
Median Lafayette County Tax Bill
$291
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Belmont, Lafayette County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53510 | $40 | $162 | $281 | $2,044 | $4,063 |
Source: Ownwell