Lena, Wisconsin Property Taxes
The median property tax rate in Lena, WI is 1.20%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Lena at $142,150, the typical annual property tax bill amounts to $1,732, which is below the national median of $2,690. Property taxes in Lena are determined based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lena'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 Lena 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
Lena, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,706
$1,583
Ownwell’s Lena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lena 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 Lena, Wisconsin
Property taxes in Lena, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lena is 1.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lena 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 Lena's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54139 has both the highest and lowest median property tax rate in the county, standing at 1.20%. Understanding how these areas compare with Lena provides valuable insights into the varying tax landscape across Oconto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lena Tax Rate
1.20%
Average Oconto County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lena, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54139 | 0.94% | 1.04% | 1.20% | 1.37% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Lena, Wisconsin
In LENA, 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 Oconto 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 LENA, 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 LENA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Oconto County is 54139, with a median tax bill of $1,732.
Average Lena Assessed Value
$142,150
Average Oconto County Assessed Value
$159,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lena, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54139 | $52,140 | $93,550 | $142,150 | $212,200 | $309,020 |
Source: Ownwell
Property Tax Bills Across Lena, Wisconsin
In Lena, located in Oconto County, WI, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and is intended to reflect the market value of your property. This value is then multiplied by the local tax rate to calculate your annual property tax bill. Several factors influence this calculation, including changes in the real estate market and any improvements made to the property. For homeowners in Lena, the median home price stands at $142,150. The property tax bills vary significantly, with the 25th percentile at $1,102 and the 75th percentile at $2,589. The 90th percentile sees even higher tax bills, reaching up to $3,798. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, homeowners in Lena experience a range of tax bills, reflecting the diverse property values and local tax policies in the area.
Average Lena Tax Bill
$1,732
Average Oconto County Tax Bill
$2,049
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Lena, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54139 | $562 | $1,102 | $1,732 | $2,589 | $3,798 |
Source: Ownwell