Port Wing, Bayfield County, Wisconsin Property Taxes

Name: Property Tax Bills Across Port Wing, Bayfield County, Wisconsin
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Port Wing, WI effective property tax rate: 1.40%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%. Median Port Wing, WI home value: $112,450. Median annual Port Wing, WI tax bill: $1,505, $895 lower than the national median property tax bill of $2,400.

How are property taxes in Bayfield calculated?

Property taxes in Port Wing, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Port Wing’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Port Wing, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Port Wing, Bayfield County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.4%

Estimate Property Tax Bill

$1,574

$1,461

Ownwell’s Port Wing Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Port Wing with just two data points. By entering your property's estimated assessed value, our calculator applies Port Wing’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bayfield County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Port Wing, Bayfield County, Wisconsin

Local government entities set tax rates, which can vary widely within a state. This variability is due to each county estimating its required budget to provide essential services and then dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.

In PORT WING, located in Bayfield County, WI, the effective property tax rate is 1.40%, which is higher than the national median of 1.02%. This rate is consistent across Bayfield County, highlighting a uniform approach to property taxation within this area. When comparing PORT WING's effective property tax rate to other cities in Wisconsin, it aligns with the state median, reflecting a common trend across the state. However, it is significantly higher than the U.S. median property tax rate, indicating the relative emphasis on property tax revenue in Wisconsin. Understanding these rates can help property owners in PORT WING make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Port Wing, Bayfield County, Wisconsin

Source: Ownwell

0.76%

1.28%

1.80%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Port Wing Tax Rate

1.40%

Median Effective Bayfield County Tax Rate

1.14%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Port Wing, Bayfield County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
54865	1.31%	1.35%	1.40%	1.40%	1.40%

Source: Ownwell

Property Tax Assessment Values Across Port Wing, Bayfield County, Wisconsin

When examining property taxes in Port Wing, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bayfield County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Bayfield County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Port Wing.

For example, the median home price in Port Wing is $112,450, with tax bills ranging significantly across the county. 54865 has the highest median home price at $112,450.

Property Tax Assessment Values Across Port Wing, Bayfield County, Wisconsin

Source: Ownwell

$101,750

$194,425

$287,100

Median Port Wing Market Value

$112,450

Median Bayfield County Market Value

$167,000

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Port Wing, Bayfield County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
54865	$34,340	$62,225	$112,450	$179,075	$315,160

Source: Ownwell

Property Tax Bills Across Port Wing, Bayfield County, Wisconsin

In Port Wing, located in Bayfield County, WI, property tax bills are determined by assessing the value of a home and applying the local tax rate. With a median home price of $112,450, homeowners in this area experience property tax bills that vary significantly. The 25th percentile tax bill stands at $841, while the 75th percentile reaches $2,238. For those in the 90th percentile, tax bills can soar to $4,086, reflecting the diversity in property values and tax burdens. The highest and lowest median tax bill in the area both sit at $1,505, indicating some uniformity in tax assessments within certain regions. Compared to the national median property tax bill of $2,400, Port Wing's figures illustrate the variability of property tax burdens. Ownwell can help homeowners in Port Wing by analyzing their property assessments and identifying opportunities for appeals or exemptions. By leveraging expert knowledge and local data, Ownwell aims to reduce property tax bills, ensuring homeowners only pay their fair share.

Property Tax Bills Across Port Wing, Bayfield County, Wisconsin

Source: Ownwell

$752

$2,016

$3,279

Median Port Wing Tax Bill

$1,505

Median Bayfield County Tax Bill

$1,916

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Port Wing, Bayfield County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
54865	$463	$841	$1,505	$2,238	$4,086

Source: Ownwell