Solon Springs, Bayfield County, Wisconsin Property Taxes

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

Median Solon Springs, WI effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Solon Springs, WI home value: $180,600
Median annual Solon Springs, WI tax bill: $1,487, $913 lower than the national median property tax bill of $2,400.

How are property taxes in Bayfield calculated?

Property taxes in Solon Springs, 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 Solon Springs’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Solon Springs, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Solon Springs, Bayfield County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$1,499

$1,391

Ownwell’s Solon Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Solon Springs with just two data points. By entering your property's estimated assessed value, our calculator applies Solon Springs’ 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 Solon Springs, Bayfield County, Wisconsin

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Solon Springs in Bayfield County, Wisconsin, showcases an effective property tax rate of 0.83%, which aligns with the highest and lowest rates in the county. This is notably below the national median property tax rate of 1.02%. With the national median property tax bill at $2,400, Solon Springs offers a more affordable property tax landscape.

For property owners in Wisconsin, understanding these nuances can be crucial for financial planning. Comparing Solon Springs’ tax rate to other cities in Wisconsin and the U.S. highlights the potential savings available to property owners in this area. Whether you’re a current homeowner or considering a move, this information is vital for making informed decisions about property investments.

Property Tax Rates Across Solon Springs, 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 Solon Springs Tax Rate

0.83%

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 Solon Springs, Bayfield County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
54873	0.83%	0.83%	0.83%	0.83%	0.83%

Source: Ownwell

Property Tax Assessment Values Across Solon Springs, Bayfield County, Wisconsin

When examining property taxes in Solon Springs, 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 Solon Springs.

For example, the median home price in Solon Springs is $180,600, with tax bills ranging significantly across the county. Zip code 54873 has the highest median home price at $180,600.

Property Tax Assessment Values Across Solon Springs, Bayfield County, Wisconsin

Source: Ownwell

$101,750

$194,425

$287,100

Median Solon Springs Market Value

$180,600

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 Solon Springs, Bayfield County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
54873	$36,920	$89,650	$180,600	$321,350	$507,380

Source: Ownwell

Property Tax Bills Across Solon Springs, Bayfield County, Wisconsin

In Solon Springs, WI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Solon Springs is $180,600. The property tax rate is applied to this assessed value to determine the annual tax bill. In Bayfield County, where Solon Springs is located, the median property tax bill is $1,487, which is below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as little as $740 or as much as $4,194, depending on factors like property size and location. These taxes fund essential services such as schools, roads, and emergency services, impacting the community and homeowners directly. Ownwell assists homeowners in Solon Springs by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge and local data, Ownwell can help reduce tax liabilities, ensuring homeowners only pay their fair share.

Property Tax Bills Across Solon Springs, Bayfield County, Wisconsin

Source: Ownwell

$752

$2,016

$3,279

Median Solon Springs Tax Bill

$1,487

Median Bayfield County Tax Bill

$1,916

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Solon Springs, Bayfield County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
54873	$303	$740	$1,487	$2,652	$4,194

Source: Ownwell