Lublin, Wisconsin Property Taxes
The median property tax rate in Lublin, WI is 1.31%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $85,600 in Lublin, the typical annual property tax bill amounts to $1,090, falling below the national median of $2,690. Property taxes in Lublin are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, including primary residence and agricultural exemptions. Navigating Lublin's property tax system, leveraging available exemptions, and identifying potential reductions can lead to substantial yearly savings. Whether you reside in the heart of Lublin or another part of Taylor County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Lublin, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$1,121
Ownwell's Lublin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lublin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lublin 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 Lublin, Wisconsin
Property taxes in Lublin, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lublin is 1.31%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Lublin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lublin 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 Lublin's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54447 zip code has both the highest and lowest median property tax rate of 1.31%. Understanding how these areas compare with Lublin provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lublin Tax Rate
1.31%
Average Taylor County Tax Rate
1.43%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lublin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54447 | 0.92% | 1.15% | 1.31% | 1.43% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Lublin, Wisconsin
In Lublin, 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 Taylor 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 Lublin, 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. For instance, the median home price in Lublin is $85,600, with annual tax bills ranging from $607 at the 25th percentile to $2,738 at the 90th percentile. The highest median tax bill in the area is $1,090 in zip code 54447, which is also the lowest median tax bill. By understanding 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 Lublin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lublin Assessed Value
$85,600
Average Taylor County Assessed Value
$122,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lublin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54447 | $22,600 | $53,400 | $85,600 | $142,200 | $201,240 |
Source: Ownwell
Property Tax Bills Across Lublin, Wisconsin
In Lublin, Taylor County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Lublin is $85,600, which helps set a baseline for these calculations. Various factors influence the assessed value, including the property's location, size, and condition. For homeowners in Lublin, property tax bills can vary significantly. The tax bill at the 25th percentile is $607, while the 75th percentile sees bills around $1,892, and the 90th percentile can reach up to $2,738. These figures show the range of what homeowners might expect to pay, depending on their property's assessed value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Lublin's tax rates and bills can have a significant impact on household budgets, making it essential for homeowners to understand how their tax bills are calculated.
Average Lublin Tax Bill
$1,090
Average Taylor County Tax Bill
$1,816
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Lublin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54447 | $261 | $607 | $1,090 | $1,892 | $2,738 |
Source: Ownwell