Lyndon Station, Wisconsin Property Taxes
The median property tax rate in Lyndon Station, WI is 1.21%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $229,156 in Lyndon Station, the typical annual property tax bill reaches $2,696, just above the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Lyndon Station'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 Lyndon Station 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
Lyndon Station, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,773
Ownwell’s Lyndon Station Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lyndon Station with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lyndon Station 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 Sauk County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Lyndon Station, Wisconsin
Property taxes in Lyndon Station, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyndon Station is 1.21%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Lyndon Station set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyndon Station 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 Lyndon Station's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53944 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Lyndon Station provides valuable insights into the varying tax landscape across Sauk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lyndon Station Tax Rate
1.21%
Average Sauk County Tax Rate
1.40%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lyndon Station, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53944 | 0.91% | 1.16% | 1.21% | 1.24% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Lyndon Station, Wisconsin
In Lyndon Station, 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 Sauk County Assessor 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 Lyndon Station, 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 here is $229,156, with tax bills ranging from $1,493 at the 25th percentile to $5,198 at the 90th percentile. The zip code 53944 has both the highest and lowest median tax bill at $2,696. Being aware of these valuation processes in Lyndon Station helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lyndon Station, Wisconsin
Source: Ownwell
$79,873
$224,914
$369,954
Average Lyndon Station Assessed Value
$229,156
Average Sauk County Assessed Value
$227,964
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lyndon Station, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53944 | $70,477 | $147,796 | $229,156 | $316,791 | $427,156 |
Source: Ownwell
Property Tax Bills Across Lyndon Station, Wisconsin
In Lyndon Station, located in Sauk County, WI, property tax bills are calculated based on the assessed value of a home. This assessment is determined by the local assessor's office, which evaluates the property to estimate its market value. The tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property’s location, size, and improvements. For example, the median home price in Lyndon Station is $229,156. Homeowners in the 25th percentile pay around $1,493 in property taxes, while those in the 75th percentile see bills closer to $3,787. At the 90th percentile, tax bills can reach up to $5,198. Compared to the national median property tax rate of 0.99%, the rates in Lyndon Station can vary significantly, impacting the financial burden on homeowners. Understanding these factors helps residents anticipate their property tax obligations and manage their finances effectively.
Average Lyndon Station Tax Bill
$2,696
Average Sauk County Tax Bill
$3,357
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Lyndon Station, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53944 | $885 | $1,493 | $2,696 | $3,787 | $5,198 |
Source: Ownwell