Rhinelander, Wisconsin Property Taxes
The median property tax rate in Rhinelander, WI is 1.06%, slightly higher than the national median of 0.99% but lower than Wisconsin's state median of 1.58%. With a median home value of $217,550 in Rhinelander, the typical annual property tax bill reaches $2,309, which is below the national median of $2,690. Property taxes in Rhinelander are calculated based on the assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Rhinelander'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 Rhinelander or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rhinelander, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Rhinelander Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rhinelander with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rhinelander 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 Rhinelander, Wisconsin
Property taxes in Rhinelander, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rhinelander is 1.06%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Rhinelander set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rhinelander 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 Rhinelander's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54501 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these areas compare with Rhinelander provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rhinelander Tax Rate
1.06%
Average Lincoln County Tax Rate
1.15%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rhinelander, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54501 | 0.90% | 1.01% | 1.06% | 1.09% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Rhinelander, Wisconsin
In Rhinelander, 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 Rhinelander, 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 Rhinelander helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $2,309 in the 54501 zip code.
Average Rhinelander Assessed Value
$217,550
Average Lincoln County Assessed Value
$156,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rhinelander, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54501 | $133,970 | $180,800 | $217,550 | $257,750 | $307,840 |
Source: Ownwell
Property Tax Bills Across Rhinelander, Wisconsin
In Rhinelander, located in Lincoln County, WI, property tax bills are calculated based on the property's assessed value and the local tax rate. The assessed value is determined by the local assessor, who evaluates the property's market value. Once the assessed value is established, it is multiplied by the tax rate set by local taxing authorities, which include municipalities, school districts, and special districts. For homeowners in Rhinelander, the tax burden can vary significantly. The median home price in the area is $217,550, with tax bills ranging from the 25th percentile at $1,856 to the 90th percentile at $3,403. The highest and lowest median tax bills in the region are both $2,309, indicating a relatively uniform tax rate across different properties. Compared to the national median property tax rate of 0.99%, Rhinelander's property tax rates can lead to higher annual tax bills, impacting homeowners' overall expenses. Understanding these factors is crucial for homeowners to budget effectively and potentially seek tax relief options.
Average Rhinelander Tax Bill
$2,309
Average Lincoln County Tax Bill
$2,035
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Rhinelander, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54501 | $1,258 | $1,856 | $2,309 | $2,789 | $3,403 |
Source: Ownwell