White Lake, Wisconsin Property Taxes
The median property tax rate in White Lake, WI is 1.19%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in White Lake at $86,650, the typical annual property tax bill reaches $1,027, still below the national median of $2,690. Property taxes in White Lake 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 White Lake'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 White Lake or another part of Oconto County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
White Lake, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,031
Ownwell’s White Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in White Lake with just two key inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in White Lake to provide an accurate property tax bill estimate. This valuable tool offers a clear understanding of your potential tax liabilities. For those interested in more granular insights, scroll down to explore trends at the neighborhood level. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across White Lake, Wisconsin
Property taxes in White Lake, Wisconsin, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in White Lake is 1.19%, notably higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within White Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Lake 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 White Lake's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54491 has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these areas compare with White Lake provides valuable insights into the varying tax landscape across Oconto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average White Lake Tax Rate
1.19%
Average Oconto County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Lake, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54491 | 1.02% | 1.11% | 1.19% | 1.23% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across White Lake, Wisconsin
In White Lake, 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 Oconto 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 White Lake, 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 White Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,027 in zip code 54491, which contrasts with the national median property tax rate of 0.99%.
Average White Lake Assessed Value
$86,650
Average Oconto County Assessed Value
$159,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across White Lake, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54491 | $27,650 | $48,650 | $86,650 | $163,325 | $242,660 |
Source: Ownwell
Property Tax Bills Across White Lake, Wisconsin
In White Lake, WI, within Oconto County, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $86,650. Property taxes are determined by the assessed value of the property, which is multiplied by the local tax rate to calculate the annual tax bill. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value. For homeowners in White Lake, property tax bills can vary significantly. The 25th percentile tax bill is about $518, while the 75th percentile reaches $1,946, and the 90th percentile can go up to $3,019. Comparatively, the national median property tax rate is 0.99%, which shows that White Lake's property taxes can be relatively high for some homeowners. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life and property values in the community.
Average White Lake Tax Bill
$1,027
Average Oconto County Tax Bill
$2,049
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across White Lake, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54491 | $300 | $518 | $1,027 | $1,946 | $3,019 |
Source: Ownwell