Laona, Wisconsin Property Taxes
The median property tax rate in Laona, WI is 1.27%, which is higher than the national median of 0.99% but lower than Wisconsin's state median of 1.58%. With a median home value of $104,400 in Laona, the typical annual property tax bill amounts to $1,291, falling below the national median of $2,690. Property taxes in Laona are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Laona'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 Laona or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laona, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,326
$1,230
Ownwell’s Laona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laona 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 Laona, Wisconsin
Property taxes in Laona, Wisconsin, are essential in funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Laona is 1.27%, which is significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Laona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laona 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 Laona's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54541 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Laona provides valuable insights into the varying tax landscape across Forest County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laona Tax Rate
1.27%
Average Forest County Tax Rate
1.07%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laona, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54541 | 0.95% | 1.10% | 1.27% | 1.41% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Laona, Wisconsin
In Laona, 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 Forest County Assessor 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 Laona, 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. For instance, the highest and lowest median tax bills in Laona are both $1,291, found in the 54541 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Laona Assessed Value
$104,400
Average Forest County Assessed Value
$124,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laona, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54541 | $26,850 | $53,875 | $104,400 | $185,475 | $281,800 |
Source: Ownwell
Property Tax Bills Across Laona, Wisconsin
In Laona, Forest County, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in the area is $104,400. Property assessments are conducted periodically to determine the market value, which is then multiplied by the local tax rate to calculate the annual tax bill. Various factors can influence the assessed value, including the home's size, age, location, and condition. For homeowners in Laona, property taxes can vary significantly. The tax bill at the 25th percentile is $604, while it rises to $2,438 at the 75th percentile, and reaches $3,949 at the 90th percentile. This range demonstrates how different property values and assessment outcomes can impact the amount owed. Compared to the national median property tax rate of 0.99%, Laona's rates reflect local economic conditions and municipal budget needs. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Laona Tax Bill
$1,291
Average Forest County Tax Bill
$1,403
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Laona, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54541 | $247 | $604 | $1,291 | $2,438 | $3,949 |
Source: Ownwell