Iron County, Wisconsin Property Taxes
Median Iron County effective property tax rate: 1.39%, significantly higher than the national median of 1.02%.
Median Iron County home value: $97,500
Median annual Iron County tax bill: $1,604, $796 lower than the national median property tax bill of $2,400.
How are property taxes in Iron County calculated?
Property taxes in Iron County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Hurley or another part of Iron County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Iron County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.39%
Estimate Property Tax Bill
$1,355
$1,258
Property Tax Rates Across Iron County, Wisconsin
Local government entities in Wisconsin set tax rates, which can vary widely across the state. This is because each county, including Iron County, annually estimates its required budget to provide essential services, dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially how the process unfolds each year.
Iron County's effective property tax rate stands at 1.39%, which is notably higher than the national median property tax rate of 1.02%. Within the county, the city of Hurley has the highest median tax rate at 1.77%, whereas Pence boasts the lowest at 1.13%. These figures highlight the diversity in tax rates even within a single county. Comparing Iron County's rate to the national median provides a clear perspective on how property taxes can vary significantly, not just across states, but even within individual counties in Wisconsin.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Iron County Tax Rate
1.39%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Iron County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Butternut | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% |
| Gile | 1.74% | 1.74% | 1.74% | 1.74% | 1.75% |
| Hurley | 1.21% | 1.39% | 1.77% | 3.03% | 3.04% |
| Iron Belt | 1.17% | 1.18% | 1.18% | 1.18% | 1.18% |
| Mercer | 1.39% | 1.39% | 1.39% | 1.39% | 1.47% |
| Montreal | 1.23% | 1.37% | 1.74% | 1.74% | 1.74% |
| Park Falls | 1.42% | 1.42% | 1.42% | 1.42% | 1.43% |
| Pence | 1.01% | 1.03% | 1.13% | 1.23% | 1.51% |
| Presque Isle | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% |
| Saxon | 1.49% | 1.54% | 1.70% | 1.70% | 1.74% |
| Upson | 1.28% | 1.28% | 1.28% | 1.28% | 1.29% |
| Gurney | N/A | N/A | N/A | N/A | N/A |
| Manitowish Waters | N/A | N/A | N/A | N/A | N/A |
| Winchester | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Iron County, Wisconsin
When examining property taxes in Iron County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Iron County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Iron County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Iron County. For example, the median tax bill in Iron County is $2,400, with tax bills ranging significantly across the county. Presque Isle has the highest median home price at $229,600.
Median Iron County Market Value
$97,500
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Iron County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Butternut | $58,300 | $119,450 | $203,800 | $316,450 | $408,800 |
| Gile | $11,900 | $36,050 | $51,000 | $65,450 | $89,660 |
| Hurley | $24,300 | $38,200 | $59,700 | $104,800 | $173,600 |
| Iron Belt | $8,900 | $20,700 | $36,800 | $58,000 | $92,320 |
| Mercer | $63,800 | $103,900 | $173,200 | $256,825 | $354,940 |
| Montreal | $28,800 | $41,700 | $57,250 | $86,125 | $137,510 |
| Park Falls | $56,150 | $107,325 | $186,900 | $270,475 | $354,040 |
| Pence | $3,300 | $18,800 | $49,500 | $72,000 | $86,500 |
| Presque Isle | $103,800 | $150,500 | $229,600 | $358,650 | $454,300 |
| Saxon | $23,860 | $39,800 | $63,200 | $104,100 | $146,580 |
| Upson | $6,940 | $28,050 | $54,100 | $118,450 | $155,600 |
| Gurney | N/A | N/A | N/A | N/A | N/A |
| Manitowish Waters | N/A | N/A | N/A | N/A | N/A |
| Winchester | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Iron County, Wisconsin
Median Iron County Tax Bill
$1,604
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Iron County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Butternut | $816 | $1,656 | $2,880 | $4,385 | $5,876 |
| Gile | $473 | $688 | $913 | $1,190 | $1,590 |
| Hurley | $521 | $900 | $1,345 | $1,974 | $2,848 |
| Iron Belt | $104 | $244 | $437 | $691 | $1,086 |
| Mercer | $919 | $1,508 | $2,459 | $3,683 | $5,080 |
| Montreal | $422 | $677 | $933 | $1,347 | $2,173 |
| Park Falls | $821 | $1,616 | $2,661 | $3,948 | $5,048 |
| Pence | $51 | $335 | $643 | $805 | $889 |
| Presque Isle | $1,551 | $2,147 | $3,185 | $4,976 | $6,301 |
| Saxon | $403 | $649 | $1,043 | $1,745 | $2,494 |
| Upson | $89 | $359 | $692 | $1,528 | $2,020 |
| Gurney | N/A | N/A | N/A | N/A | N/A |
| Manitowish Waters | N/A | N/A | N/A | N/A | N/A |
| Winchester | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell