Clear Lake, Wisconsin Property Taxes
The median property tax rate in Clear Lake, WI is 1.72%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Clear Lake at $200,700, the typical annual property tax bill reaches $3,488, exceeding the national median of $2,690. Property taxes in Clear Lake are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clear Lake'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 Clear Lake or another part of Dunn County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clear Lake, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$3,452
Ownwell’s Clear Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clear Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clear Lake 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 Clear Lake, Wisconsin
Property taxes in Clear Lake, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clear Lake is 1.72%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Clear Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clear Lake 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 Clear Lake's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the highest median property tax rate in Dunn County is 1.72%, while the lowest median tax rate is also 1.72%. Understanding how these cities compare with Clear Lake provides valuable insights into the varying tax landscape across Dunn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clear Lake Tax Rate
1.72%
Average Dunn County Tax Rate
1.31%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clear Lake, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54005 | 1.46% | 1.58% | 1.72% | 1.74% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Clear Lake, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Clear Lake, Wisconsin. 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 Dunn 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 Clear Lake, 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. For example, the median home price is $200,700, with tax bills ranging from $2,184 at the 25th percentile to $5,168 at the 90th percentile. The highest median tax bill of $3,488 is found in zip code 54005, which also has the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clear Lake Assessed Value
$200,700
Average Dunn County Assessed Value
$211,100
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clear Lake, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54005 | $105,140 | $147,400 | $200,700 | $254,200 | $321,620 |
Source: Ownwell
Property Tax Bills Across Clear Lake, Wisconsin
In Clear Lake, WI, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or additions made to the property. For homeowners in Clear Lake, the median home price is $200,700. Property tax bills can vary significantly, with the 25th percentile tax bill at $2,184 and the 75th percentile tax bill at $4,469. The 90th percentile tax bill can reach up to $5,168. Comparatively, the national median property tax rate is 0.99%, making the tax burden in Clear Lake relatively comparable to other regions in the country. Understanding how these factors contribute to property tax calculations can help homeowners anticipate their annual expenses and plan their finances accordingly.
Average Clear Lake Tax Bill
$3,488
Average Dunn County Tax Bill
$2,914
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Clear Lake, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54005 | $1,665 | $2,184 | $3,488 | $4,469 | $5,168 |
Source: Ownwell