Sauk City, Wisconsin Property Taxes
The median property tax rate in Sauk City, WI is 1.55%, which is considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Sauk City, the typical annual property tax bill reaches $4,040, exceeding the national median of $2,690. Property taxes in Sauk City 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 Sauk City'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 Sauk City 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
Sauk City, 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 Sauk City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sauk City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sauk City 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 Sauk City, Wisconsin
Property taxes in Sauk City, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sauk City is 1.55%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Sauk City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sauk City 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 Sauk City's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53583 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Sauk City 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 Sauk City Tax Rate
1.55%
Average Sauk County Tax Rate
1.40%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sauk City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53583 | 1.19% | 1.48% | 1.55% | 1.59% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Sauk City, Wisconsin
In Sauk City, 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 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 Sauk City, 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 Sauk City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sauk City, both recorded in the 53583 zip code, are $4040.
Average Sauk City Assessed Value
$269,420
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 Sauk City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53583 | $184,008 | $225,770 | $269,420 | $340,563 | $443,980 |
Source: Ownwell
Property Tax Bills Across Sauk City, Wisconsin
In Sauk City, located in Sauk County, WI, property tax bills are calculated based on the assessed value of your home. The local tax assessor determines the assessed value, which is then multiplied by the local property tax rate. Factors such as property size, location, and market conditions influence the assessed value. In Sauk City, the median home price is $269,420. Homeowners in this region can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is approximately $3,217, while the 75th percentile tax bill reaches around $4,970. At the higher end, the 90th percentile tax bill can be as much as $6,803. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how their local rates and assessed values impact their annual tax obligations. Higher property taxes can influence housing affordability and long-term financial planning for residents.
Average Sauk City Tax Bill
$4,040
Average Sauk County Tax Bill
$3,357
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Sauk City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53583 | $2,348 | $3,217 | $4,040 | $4,970 | $6,803 |
Source: Ownwell