Radisson, Wisconsin Property Taxes
The median property tax rate in Radisson, WI is 1.04%, 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 $76,050, the typical annual property tax bill in Radisson is approximately $781, which is significantly below the national median of $2,690. Property taxes here are determined based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Navigating Radisson's property tax system, exploring available exemptions, and identifying reduction opportunities can result in considerable annual savings. Whether you reside in Radisson or another part of Sawyer County, a thorough understanding of the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Radisson, 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 Radisson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Radisson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Radisson 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 Radisson, Wisconsin
Property taxes in Radisson, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Radisson is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Radisson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Radisson 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 Radisson's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54867 zip code has the highest median property tax rate of 1.04%, while the same 54867 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Radisson provides valuable insights into the varying tax landscape across Sawyer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Radisson Tax Rate
1.04%
Average Sawyer County Tax Rate
0.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Radisson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54867 | 0.56% | 0.88% | 1.04% | 1.11% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Radisson, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Radisson, Wisconsin. 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 Sawyer 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 Radisson, 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 Radisson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the zip code 54867 has the highest median tax bill of $781.00, which is also the lowest, offering insights into the local tax landscape.
Average Radisson Assessed Value
$76,050
Average Sawyer County Assessed Value
$195,000
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Radisson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54867 | $23,100 | $48,100 | $76,050 | $128,250 | $185,560 |
Source: Ownwell
Property Tax Bills Across Radisson, Wisconsin
Property tax bills in Radisson, located in Sawyer County, WI, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. For instance, with a median home price of $76,050, homeowners can expect their tax bill to be influenced by this valuation. The tax rate, which in this region aligns closely with the national median property tax rate of 0.99%, is applied to the assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. The tax bills in Radisson vary significantly, with the 25th percentile at $471 and the 90th percentile reaching up to $1,807. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Radisson Tax Bill
$781
Average Sawyer County Tax Bill
$1,766
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Radisson, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54867 | $214 | $471 | $781 | $1,291 | $1,807 |
Source: Ownwell