Lake Delton, Wisconsin Property Taxes
The median property tax rate in Lake Delton, WI, is 1.18%, 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 $158,264 in Lake Delton, the typical annual property tax bill amounts to $1,786, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Lake Delton'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 Lake Delton 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
Lake Delton, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,868
Ownwell’s Lake Delton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Delton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Lake Delton to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more detailed insights, you can explore trends at the neighborhood level for a comprehensive understanding. Your property’s assessed value is determined by the county for tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Lake Delton, Wisconsin
Property taxes in Lake Delton, Wisconsin, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Lake Delton is 1.18%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Lake Delton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Delton 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 Lake Delton's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 53940 has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these areas compare with Lake Delton 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 Lake Delton Tax Rate
1.18%
Average Sauk County Tax Rate
1.40%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake Delton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53940 | 1.13% | 1.13% | 1.18% | 1.23% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Lake Delton, Wisconsin
In Lake Delton, 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 Lake Delton, 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 Lake Delton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1786.00, found in the 53940 zip code.
Average Lake Delton Assessed Value
$158,264
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 Lake Delton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53940 | $119,388 | $142,894 | $158,264 | $167,293 | $179,384 |
Source: Ownwell
Property Tax Bills Across Lake Delton, Wisconsin
In Lake Delton, located in Sauk 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 $158,264. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies within the county. Homeowners in Lake Delton can expect their tax bills to fall within a range, with the 25th percentile tax bill at $1,636 and the 75th percentile at $1,949. For those at the higher end, the 90th percentile tax bill reaches $2,189. These tax bills are influenced not only by the assessed value of the property but also by local government budgets and public service funding needs. The highest and lowest median tax bills in the area are both reported at $1,786, highlighting some consistency in tax assessments within the zip code 53940. Compared to the national median property tax rate of 0.99%, Lake Delton's tax rates and resulting bills can significantly impact homeowners, influencing decisions on property investment and homeownership affordability.
Average Lake Delton Tax Bill
$1,786
Average Sauk County Tax Bill
$3,357
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake Delton, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53940 | $1,419 | $1,636 | $1,786 | $1,949 | $2,189 |
Source: Ownwell