Lac Du Flambeau, Wisconsin Property Taxes
The median property tax rate in Lac du Flambeau, WI is 1.48%, which is notably higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With a median home value of $243,350 in Lac du Flambeau, the typical annual property tax bill amounts to $3,334, surpassing the national median of $2,690. Property taxes in Lac du Flambeau are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lac du Flambeau'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 Lac du Flambeau 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
Lac Du Flambeau, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$3,602
Ownwell’s Lac du Flambeau Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lac du Flambeau with just two key data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Lac du Flambeau to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Lac Du Flambeau, Wisconsin
Property taxes in Lac du Flambeau, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lac du Flambeau is 1.48%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Lac du Flambeau set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lac du Flambeau 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 Lac du Flambeau's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54538 has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these rates compare with Lac du Flambeau provides valuable insights into the varying tax landscape across Price County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lac Du Flambeau Tax Rate
1.48%
Average Price County Tax Rate
1.67%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lac Du Flambeau, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54538 | 1.27% | 1.36% | 1.48% | 1.65% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Lac Du Flambeau, Wisconsin
In Lac du Flambeau, 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 local assessment authority 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 Lac du Flambeau, 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 in the area is $243,350. The highest median tax bill is $3,334 in zip code 54538, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lac Du Flambeau, Wisconsin
Source: Ownwell
$65,750
$154,550
$243,350
Average Lac Du Flambeau Assessed Value
$243,350
Average Price County Assessed Value
$88,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lac Du Flambeau, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54538 | $103,530 | $157,275 | $243,350 | $312,600 | $401,630 |
Source: Ownwell
Property Tax Bills Across Lac Du Flambeau, Wisconsin
In Lac du Flambeau, located in Price County, WI, 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 $243,350. Homeowners can expect their tax bills to vary within certain ranges. For instance, at the 25th percentile, the tax bill is approximately $2,190, while at the 75th percentile, it rises to around $4,503. The highest tax bills, at the 90th percentile, can reach up to $6,108. The local tax rate plays a crucial role in determining the final tax bill, which is applied to the assessed value of the property. This rate is influenced by various factors, including the funding needs of local schools, infrastructure, and public services. Compared to the national median property tax rate of 0.99%, homeowners in Lac du Flambeau may find their tax bills to be higher or lower depending on specific local assessments and levies. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Lac Du Flambeau Tax Bill
$3,334
Average Price County Tax Bill
$1,546
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Lac Du Flambeau, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54538 | $1,565 | $2,190 | $3,334 | $4,503 | $6,108 |
Source: Ownwell