La Pointe, Wisconsin Property Taxes
The median property tax rate in LA POINTE, WI is 2.25%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $256,050 in LA POINTE, the typical annual property tax bill reaches $5,809, far exceeding the national median of $2,690. Property taxes in LA POINTE are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding LA POINTE'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 LA POINTE 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
La Pointe, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.25%
Estimate Property Tax Bill
$5,761
$5,346
Ownwell’s LA POINTE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA POINTE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA POINTE 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 La Pointe, Wisconsin
Property taxes in LA POINTE, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA POINTE is 2.25%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within LA POINTE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA POINTE 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 LA POINTE's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54850 has the highest median property tax rate of 2.25%, while the same zip code also has the lowest median tax rate of 2.25%. Understanding how these cities compare with LA POINTE provides valuable insights into the varying tax landscape across Ashland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Pointe Tax Rate
2.25%
Average Ashland County Tax Rate
1.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Pointe, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54850 | 2.24% | 2.25% | 2.25% | 2.25% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across La Pointe, Wisconsin
In LA POINTE, 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 Ashland 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 LA POINTE, 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 zip code with the highest and lowest median tax bills is 54850, both at $5809. Being aware of these valuation processes in LA POINTE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average La Pointe Assessed Value
$256,050
Average Ashland County Assessed Value
$101,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Pointe, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54850 | $47,670 | $121,450 | $256,050 | $438,975 | $641,010 |
Source: Ownwell
Property Tax Bills Across La Pointe, Wisconsin
In LA POINTE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. The median home price in LA POINTE is $256,050, and the property tax rate for Ashland County is higher than the national median of 0.99%. This results in a median tax bill of $5,809 in the area, which is significantly above the national average. Several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. Homeowners in LA POINTE can expect tax bills ranging from $2,849 at the 25th percentile to $14,439 at the 90th percentile, reflecting variations in property values and specific assessments. High property taxes can impact homeowners' budgets, making it crucial to understand how these taxes are calculated and what factors may affect them.
Average La Pointe Tax Bill
$5,809
Average Ashland County Tax Bill
$1,986
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across La Pointe, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54850 | $1,180 | $2,849 | $5,809 | $9,894 | $14,439 |
Source: Ownwell