Price County Property Taxes
The median property tax rate in Price County is 1.67%, which is significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Price County at $88,900, the typical annual property tax bill reaches $1,546, which, while below the national median of $2,690, still represents a substantial expense for homeowners. Property taxes in Price County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Price County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Phillips or another part of Price County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Price County 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 Price County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Price County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Price County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Price County, Wisconsin
Property taxes in Price County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Price County is 1.67%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Price County set these rates annually, and they can vary significantly between different areas within the county. Each year, Price County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Fifield has one of the higher property tax rates in the region at 1.75%, while the city of Hawkins boasts one of the lowest at 1.32%. Analyzing how Price County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Price County Tax Rate
1.67%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Price County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brantwood | 0.78% | 1.21% | 1.50% | 1.64% | 1.72% |
| Butternut | 1.54% | 1.64% | 1.71% | 1.76% | 1.77% |
| Catawba | 0.70% | 0.85% | 1.45% | 1.61% | 1.75% |
| Fifield | 1.18% | 1.56% | 1.75% | 1.97% | 2.32% |
| Hawkins | 0.69% | 0.88% | 1.32% | 1.46% | 1.50% |
| Kennan | 0.75% | 0.88% | 1.43% | 1.59% | 1.68% |
| Lac Du Flambeau | 1.27% | 1.36% | 1.48% | 1.65% | 1.89% |
| Ogema | 0.84% | 1.18% | 1.60% | 1.79% | 1.94% |
| Park Falls | 1.37% | 1.56% | 1.72% | 2.57% | 2.81% |
| Phillips | 1.11% | 1.56% | 1.68% | 1.76% | 2.25% |
| Prentice | 0.90% | 1.44% | 1.68% | 1.82% | 1.93% |
| Rib Lake | 1.39% | 1.58% | 1.62% | 1.68% | 1.78% |
| Tripoli | 1.28% | 1.30% | 1.34% | 1.45% | 1.51% |
| Westboro | 0.91% | 1.24% | 1.44% | 1.78% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Price County, Wisconsin
In Price County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Price County Appraisal District. The assessed value, however, 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. Assessment notices in Price County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Price County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, the city with the highest median tax bill is Lac du Flambeau at $3,334, while Hawkins has the lowest median tax bill at $910.
Average Price County Assessed Value
$88,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Price County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brantwood | $22,140 | $40,525 | $65,750 | $115,225 | $167,240 |
| Butternut | $54,680 | $106,200 | $158,500 | $223,200 | $293,600 |
| Catawba | $20,100 | $41,675 | $71,350 | $122,375 | $196,300 |
| Fifield | $24,060 | $48,700 | $91,100 | $144,100 | $209,640 |
| Hawkins | $30,580 | $48,000 | $73,500 | $134,350 | $200,540 |
| Kennan | $20,540 | $47,200 | $84,200 | $136,925 | $217,900 |
| Lac Du Flambeau | $103,530 | $157,275 | $243,350 | $312,600 | $401,630 |
| Ogema | $25,400 | $52,525 | $82,850 | $140,475 | $215,630 |
| Park Falls | $29,200 | $47,200 | $77,900 | $140,400 | $215,440 |
| Phillips | $34,100 | $60,300 | $105,900 | $166,725 | $239,010 |
| Prentice | $25,320 | $46,850 | $71,850 | $111,250 | $171,630 |
| Rib Lake | $17,330 | $62,250 | $133,850 | $219,100 | $265,090 |
| Tripoli | $24,520 | $41,050 | $68,600 | $92,250 | $106,440 |
| Westboro | $74,170 | $91,675 | $108,300 | $152,975 | $275,050 |
Source: Ownwell
Property Tax Bills Across Price County, Wisconsin
In Price County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. For homeowners in Price County, the property tax rate can result in varying tax bills. For instance, the median home price in the county is $88,900. Tax bills can range significantly, with the 25th percentile at $878 and the 75th percentile reaching $2,500. At the higher end, the 90th percentile sees tax bills up to $3,704. Comparatively, the national median property tax rate is 0.99%, making Price County's tax rates a crucial consideration for homeowners. Cities within the county, like Lac Du Flambeau and Hawkins, also show a wide range in median tax bills, highlighting the variability within the region.
Average Price County Tax Bill
$1,546
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Price County, Wisconsin
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brantwood | $255 | $512 | $1,004 | $1,611 | $2,408 |
| Butternut | $926 | $1,804 | $2,605 | $3,760 | $4,996 |
| Catawba | $261 | $520 | $962 | $1,562 | $2,189 |
| Fifield | $372 | $854 | $1,609 | $2,582 | $3,481 |
| Hawkins | $257 | $452 | $910 | $1,794 | $2,203 |
| Kennan | $266 | $570 | $1,179 | $1,756 | $2,437 |
| Lac Du Flambeau | $1,565 | $2,190 | $3,334 | $4,503 | $6,108 |
| Ogema | $353 | $750 | $1,303 | $2,096 | $3,224 |
| Park Falls | $535 | $934 | $1,605 | $2,556 | $3,832 |
| Phillips | $518 | $1,020 | $1,784 | $2,767 | $3,880 |
| Prentice | $371 | $699 | $1,175 | $1,798 | $2,697 |
| Rib Lake | $250 | $1,031 | $2,517 | $3,626 | $4,333 |
| Tripoli | $321 | $546 | $922 | $1,361 | $1,624 |
| Westboro | $1,092 | $1,113 | $1,867 | $2,111 | $3,717 |
Source: Ownwell