Lake Hallie, Wisconsin Property Taxes
The median property tax rate in Lake Hallie, WI is 1.21%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Lake Hallie at $31,200, the typical annual property tax bill amounts to $376, significantly below the national median of $2,690. Property taxes in Lake Hallie are based on the tax assessed value, which usually falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Lake Hallie’s property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Lake Hallie or another part of Chippewa County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lake Hallie, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$378
$350
Ownwell’s Lake Hallie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lake Hallie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lake Hallie 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 Lake Hallie, Wisconsin
Property taxes in Lake Hallie, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake Hallie is 1.21%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Lake Hallie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Hallie 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 Lake Hallie's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54729 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Lake Hallie provides valuable insights into the varying tax landscape across Chippewa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lake Hallie Tax Rate
1.21%
Average Chippewa County Tax Rate
1.09%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake Hallie, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54729 | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Lake Hallie, Wisconsin
In Lake Hallie, 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 Chippewa 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 Lake Hallie, 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 Lake Hallie 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 $376, found in zip code 54729.
Average Lake Hallie Assessed Value
$31,200
Average Chippewa County Assessed Value
$187,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lake Hallie, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54729 | $31,200 | $31,200 | $31,200 | $31,200 | $31,200 |
Source: Ownwell
Property Tax Bills Across Lake Hallie, Wisconsin
In Lake Hallie, Chippewa County, WI, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $31,200, homeowners in Lake Hallie can expect a median tax bill of approximately $376. Several factors influence the assessed value, including the property's size, location, and condition. Additionally, any improvements or renovations can increase the assessed value, thereby raising the tax bill. While the tax rate in Lake Hallie is relatively low compared to the national median property tax rate of 0.99%, it still represents a significant expense for homeowners. Understanding how these factors interplay helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Lake Hallie Tax Bill
$376
Average Chippewa County Tax Bill
$2,187
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake Hallie, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54729 | $376 | $376 | $376 | $376 | $376 |
Source: Ownwell