Spooner, Wisconsin Property Taxes
The median property tax rate in Spooner, WI is 1.14%, 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 $212,050 in Spooner, the typical annual property tax bill amounts to $2,451, which is below the national median of $2,690. Property taxes in Spooner are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Spooner'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 Spooner or another part of Burnett County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Spooner, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$2,417
Ownwell’s Spooner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Spooner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spooner 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 Spooner, Wisconsin
Property taxes in Spooner, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spooner is 1.14%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Spooner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spooner 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 Spooner's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54801 zip code has both the highest and lowest median property tax rate of 1.14%. Understanding how these cities compare with Spooner provides valuable insights into the varying tax landscape across Burnett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Spooner Tax Rate
1.14%
Average Burnett County Tax Rate
1.10%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spooner, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54801 | 0.96% | 1.07% | 1.14% | 1.19% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Spooner, Wisconsin
In Spooner, 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 Burnett 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 Spooner, 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. Spooner’s median home price is $212,050, with tax bills ranging significantly. The 25th percentile tax bill is $1,448, while the 75th percentile tax bill reaches $3,704. The 90th percentile tax bill is as high as $5,282. 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 Spooner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Spooner Assessed Value
$212,050
Average Burnett County Assessed Value
$141,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Spooner, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54801 | $56,750 | $125,000 | $212,050 | $314,875 | $436,550 |
Source: Ownwell
Property Tax Bills Across Spooner, Wisconsin
In Spooner, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Burnett County, the median home price is $212,050. The property tax rate in Spooner is influenced by various factors, including local government budgets, school funding, and public services. Homeowners can expect a tax bill ranging from $1,448 at the 25th percentile to $5,282 at the 90th percentile. The highest and lowest median tax bills in the area both stand at $2,451, indicating a consistent tax rate across the region. Compared to the national median property tax rate of 0.99%, Spooner's rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors can help homeowners better anticipate their annual expenses and plan accordingly.
Average Spooner Tax Bill
$2,451
Average Burnett County Tax Bill
$1,677
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Spooner, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54801 | $726 | $1,448 | $2,451 | $3,704 | $5,282 |
Source: Ownwell