Sister Bay, Wisconsin Property Taxes
The median property tax rate in Sister Bay, WI is 1.23%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $250,200 in Sister Bay, the typical annual property tax bill amounts to $2,678, slightly below the national median of $2,690. Property taxes in Sister Bay are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Sister Bay's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're located in the heart of Sister Bay or elsewhere in the city, gaining insight into the local property tax system is beneficial.
Last Updated June 14, 2024
Sister Bay, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$3,077
$2,856
Ownwell’s Sister Bay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sister Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sister Bay 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 Sister Bay, Wisconsin
Property taxes in Sister Bay, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sister Bay is 1.23%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sister Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sister Bay 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 Sister Bay's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54234 zip code has the highest median property tax rate of 1.23%, while the 54234 zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Sister Bay 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 Sister Bay Tax Rate
1.23%
Average Door County Tax Rate
1.06%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sister Bay, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54234 | 0.77% | 0.88% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Sister Bay, Wisconsin
In Sister Bay, 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 Door County Assessor's Office 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 Sister Bay, 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 Sister Bay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Sister Bay is $250,200, with tax bills ranging from $1,611 at the 25th percentile to $4,315 at the 75th percentile, and $6,542 at the 90th percentile. The zip code 54234 has the highest and lowest median tax bill at $2,678.
Average Sister Bay Assessed Value
$250,200
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 Sister Bay, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54234 | $56,680 | $164,900 | $250,200 | $414,600 | $642,900 |
Source: Ownwell
Property Tax Bills Across Sister Bay, Wisconsin
In Sister Bay, located in Door County, WI, property tax bills are calculated based on the assessed value of a home. The local tax assessor determines this value by evaluating the market conditions and property characteristics. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Homeowners in Sister Bay experience varying tax bills depending on their property's assessed value. For instance, the tax bill for the 25th percentile is $1,611, while those in the 75th percentile pay around $4,315. The top 10% of homeowners face tax bills as high as $6,542. These property taxes fund essential public services such as education, infrastructure, and emergency services, directly impacting the community's quality of life. Comparing these figures to the national median property tax rate of 0.99%, Sister Bay's property tax rates can be seen as relatively high, influencing homeowners' financial planning and real estate decisions.
Average Sister Bay Tax Bill
$2,678
Average Door County Tax Bill
$2,726
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Sister Bay, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54234 | $401 | $1,611 | $2,678 | $4,315 | $6,542 |
Source: Ownwell