Baileys Harbor, Wisconsin Property Taxes
The median property tax rate in Baileys Harbor, WI is 0.91%, slightly below the national median of 0.99% and significantly lower than the Wisconsin state median of 1.58%. With a median home value of $264,250 in Baileys Harbor, the typical annual property tax bill is around $2,403, which is less than the national median of $2,690. Property taxes in Baileys Harbor are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Baileys Harbor'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 Baileys Harbor or another part of Door County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Baileys Harbor, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$2,405
$2,231
Ownwell’s BAILEYS HARBOR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BAILEYS HARBOR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BAILEYS HARBOR 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 Baileys Harbor, Wisconsin
Property taxes in Baileys Harbor, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Baileys Harbor is 0.91%, which is slightly below the U.S. national median of 0.99%. Local government entities within Baileys Harbor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baileys Harbor 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 Baileys Harbor's effective property tax rate to other areas in Door County and the national median. For comparison, the zip code 54202, which encompasses Baileys Harbor, has a consistent median property tax rate of 0.91%. Understanding how these rates compare with Baileys Harbor provides valuable insights into the varying tax landscape across Door County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baileys Harbor Tax Rate
0.91%
Average Door County Tax Rate
1.06%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baileys Harbor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54202 | 0.74% | 0.91% | 0.91% | 0.91% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Baileys Harbor, Wisconsin
In Baileys Harbor, 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 local 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 Baileys Harbor, 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 Baileys Harbor 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 $2,403, found in the 54202 zip code, offering a clear picture of the local tax landscape.
Property Tax Assessment Values Across Baileys Harbor, Wisconsin
Source: Ownwell
$154,750
$240,175
$325,600
Average Baileys Harbor Assessed Value
$264,250
Average Door County Assessed Value
$231,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baileys Harbor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54202 | $7,900 | $153,975 | $264,250 | $422,900 | $632,460 |
Source: Ownwell
Property Tax Bills Across Baileys Harbor, Wisconsin
In Baileys Harbor, located in Door County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Baileys Harbor is $264,250. Homeowners' tax bills can vary significantly, with the 25th percentile tax bill at $810 and the 75th percentile reaching $3,845. At the 90th percentile, tax bills can go up to $5,939. These variations depend on factors such as property size, location, and improvements made to the home. The local tax rate is applied to the assessed value to determine the final tax bill. This rate can fluctuate based on municipal budget needs and local government decisions. For homeowners, understanding these factors is crucial as they directly impact annual expenses. Comparatively, the national median property tax rate is 0.99%, which can help homeowners gauge how their local rates stack up against the broader market.
Average Baileys Harbor Tax Bill
$2,403
Average Door County Tax Bill
$2,726
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Baileys Harbor, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54202 | $82 | $810 | $2,403 | $3,845 | $5,939 |
Source: Ownwell