Lone Rock, Wisconsin Property Taxes
The median property tax rate in Lone Rock, WI is 1.30%, which is higher than both the national median of 0.99% and Wisconsin's state median of 1.58%. With a median home value in Lone Rock of $173,624, the typical annual property tax bill reaches $2,233, still below the national median of $2,690. Property taxes in Lone Rock are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lone Rock'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 Lone Rock or another part of Sauk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lone Rock, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,257
$2,095
Ownwell’s Lone Rock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lone Rock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lone Rock 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 Lone Rock, Wisconsin
Property taxes in Lone Rock, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lone Rock is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lone Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lone Rock 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 Lone Rock's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53556 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Lone Rock provides valuable insights into the varying tax landscape across Sauk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lone Rock Tax Rate
1.30%
Average Sauk County Tax Rate
1.40%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lone Rock, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53556 | 1.14% | 1.26% | 1.30% | 1.41% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Lone Rock, Wisconsin
In Lone Rock, 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 Sauk 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 Lone Rock, 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 Lone Rock 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 is 53556, with a median tax bill of $2,233.
Average Lone Rock Assessed Value
$173,624
Average Sauk County Assessed Value
$227,964
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lone Rock, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53556 | $71,444 | $114,999 | $173,624 | $264,591 | $360,522 |
Source: Ownwell
Property Tax Bills Across Lone Rock, Wisconsin
In Lone Rock, Sauk County, WI, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors who evaluate the property's market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $173,624, homeowners can expect varying tax bills depending on the specific assessment and exemptions applicable. The 25th percentile tax bill is around $1,444, while the 75th percentile tax bill is approximately $3,384. For those at the higher end, the 90th percentile tax bill reaches up to $4,880. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in Lone Rock. Homeowners need to be aware of these factors as they can significantly affect annual expenses and the overall cost of owning property in the area.
Average Lone Rock Tax Bill
$2,233
Average Sauk County Tax Bill
$3,357
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Lone Rock, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53556 | $791 | $1,444 | $2,233 | $3,384 | $4,880 |
Source: Ownwell