Sarona, Wisconsin Property Taxes
The median property tax rate in Sarona, WI is 1.37%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Sarona at $206,600, the typical annual property tax bill reaches $2,821, surpassing the national median of $2,690. Property taxes in Sarona are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sarona'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 Sarona 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
Sarona, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$2,830
Ownwell’s Sarona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sarona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sarona 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 Sarona, Wisconsin
Property taxes in Sarona, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sarona is 1.37%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Sarona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sarona 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 Sarona's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54870 has the highest median property tax rate of 1.37%, while the same zip code also registers the lowest median tax rate of 1.37%. Understanding how these cities compare with Sarona provides valuable insights into the varying tax landscape across Barron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sarona Tax Rate
1.37%
Average Barron County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sarona, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54870 | 1.27% | 1.32% | 1.37% | 1.42% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Sarona, Wisconsin
In Sarona, 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 Barron 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 Sarona, 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 Sarona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,821, found in the 54870 zip code.
Average Sarona Assessed Value
$206,600
Average Barron County Assessed Value
$176,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sarona, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54870 | $123,060 | $138,700 | $206,600 | $308,400 | $402,480 |
Source: Ownwell
Property Tax Bills Across Sarona, Wisconsin
In Sarona, 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 the local assessor, who evaluates the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For example, the median home price in Sarona is $206,600. With the national median property tax rate at 0.99%, homeowners in Sarona can expect a tax bill close to this rate, though actual rates may vary. Factors such as property location, improvements, and market conditions influence the assessed value. Homeowners in Sarona see a range of tax bills: from the 25th percentile at $1,810 to the 90th percentile at $5,913. The highest and lowest median tax bill in the area both stand at $2,821. These property taxes fund essential services like schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Sarona Tax Bill
$2,821
Average Barron County Tax Bill
$2,341
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Sarona, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54870 | $1,558 | $1,810 | $2,821 | $4,451 | $5,913 |
Source: Ownwell