Lublin, Wisconsin Property Taxes
The median property tax rate in Lublin, WI is 1.27%, noticeably higher than the national median of 0.99% but lower than Wisconsin's state median of 1.58%. With a median home value of $207,300 in Lublin, the typical annual property tax bill amounts to $2,889, surpassing the national median of $2,690. Property taxes in Lublin are based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a clear understanding of Lublin'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 Lublin or another part of Clark County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lublin, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Lublin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lublin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lublin 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 Lublin, Wisconsin
Property taxes in Lublin, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lublin is 1.27%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Lublin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lublin 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 Lublin's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54447 zip code has both the highest and lowest median property tax rate of 1.27%. Understanding how these cities compare with Lublin provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lublin Tax Rate
1.27%
Average Clark County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lublin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54447 | 1.14% | 1.19% | 1.27% | 1.36% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Lublin, Wisconsin
In Lublin, 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 Clark 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 Lublin, 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 Lublin 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 $2,889, found in zip code 54447.
Average Lublin Assessed Value
$207,300
Average Clark County Assessed Value
$124,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lublin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54447 | $87,940 | $132,700 | $207,300 | $281,900 | $326,660 |
Source: Ownwell
Property Tax Bills Across Lublin, Wisconsin
In Lublin, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $207,300, homeowners can expect varying tax bills. Factors like property improvements, neighborhood developments, and market conditions influence these assessed values. In Lublin, the property tax bill ranges significantly. At the 25th percentile, homeowners might pay around $1,764, while those at the 75th percentile could see bills as high as $4,013. The 90th percentile tax bill even reaches $4,688. These figures show a broad spectrum of tax obligations, reflecting diverse property values and local economic conditions. Compared to the national median property tax rate of 0.99%, Lublin's property tax rates can be seen as a crucial factor affecting homeowners' finances. Higher property taxes can impact monthly budgets and long-term financial planning, making it essential for homeowners to stay informed and proactive about their property assessments and tax obligations.
Average Lublin Tax Bill
$2,889
Average Clark County Tax Bill
$2,005
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Lublin, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54447 | $1,090 | $1,764 | $2,889 | $4,013 | $4,688 |
Source: Ownwell