Stone Lake, Wisconsin Property Taxes
The median property tax rate in Stone Lake, WI is 0.98%, slightly below the national median of 0.99% and significantly lower than the Wisconsin state median of 1.58%. With the median home value in Stone Lake at $215,350, the typical annual property tax bill is around $2,213, which is below the national median of $2,690. Property taxes in Stone Lake are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Stone 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 Stone Lake or another part of Washburn County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stone Lake, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$2,110
Ownwell’s Stone Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stone Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stone Lake 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 Stone Lake, Wisconsin
Property taxes in Stone Lake, Wisconsin, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Stone Lake is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Stone Lake set these rates annually, and they can vary across different neighborhoods. Each year, Stone 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 Stone Lake's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54876 has both the highest and lowest median property tax rate of 0.98%, which aligns with Stone Lake's rate. Understanding how these areas compare with Stone Lake provides valuable insights into the varying tax landscape across Washburn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stone Lake Tax Rate
0.98%
Average Washburn County Tax Rate
1.18%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stone Lake, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54876 | 0.98% | 0.98% | 0.98% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Stone Lake, Wisconsin
In Stone Lake, 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 Washburn 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 Stone 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 Stone Lake 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 $2,213, found in zip code 54876.
Average Stone Lake Assessed Value
$215,350
Average Washburn County Assessed Value
$126,300
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stone Lake, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54876 | $133,660 | $191,500 | $215,350 | $229,250 | $277,510 |
Source: Ownwell
Property Tax Bills Across Stone Lake, Wisconsin
In Stone Lake, located in Washburn 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 Stone Lake is $215,350, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value. Homeowners in Stone Lake pay a median property tax bill of $2,213, which is higher than the national median property tax rate of 0.99%. Depending on the specific property, tax bills can vary significantly, with the 25th percentile tax bill at $1,878 and the 75th percentile reaching $2,507. For those in the 90th percentile, tax bills can be as high as $3,159. These taxes are crucial for funding public services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Stone Lake Tax Bill
$2,213
Average Washburn County Tax Bill
$1,472
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Stone Lake, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54876 | $1,580 | $1,878 | $2,213 | $2,507 | $3,159 |
Source: Ownwell