Rock Springs, Wisconsin Property Taxes
The median property tax rate in Rock Springs, WI is 1.48%, which is considerably higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With a median home value of $170,726, the typical annual property tax bill in Rock Springs is $2,527, just below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Rock Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Rock Springs or another part of Sauk County, being well-informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rock Springs, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$2,527
Ownwell’s Rock Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rock Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rock Springs 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 Rock Springs, Wisconsin
Property taxes in Rock Springs, Wisconsin, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rock Springs is 1.48%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Rock Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rock Springs 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 Rock Springs' effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53961 zip code has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Rock Springs 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 Rock Springs Tax Rate
1.48%
Average Sauk County Tax Rate
1.40%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rock Springs, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53961 | 1.10% | 1.21% | 1.48% | 1.70% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Rock Springs, Wisconsin
In Rock Springs, 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 Rock Springs, 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 Rock Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both found in the 53961 zip code, with a median tax bill of $2,527.
Average Rock Springs Assessed Value
$170,726
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 Rock Springs, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53961 | $85,658 | $120,586 | $170,726 | $271,475 | $409,651 |
Source: Ownwell
Property Tax Bills Across Rock Springs, Wisconsin
In Rock Springs, 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 local assessors who evaluate the property’s market value. Homeowners in Rock Springs, located in Sauk County, typically see tax bills that reflect a combination of the property’s assessed value and the applicable tax rate. For instance, the median home price in Rock Springs stands at $170,726. Tax bills can vary significantly, with the 25th percentile at $1,926 and the 75th percentile at $3,504. At the higher end, the 90th percentile tax bill reaches $5,063. These variations are influenced by factors such as property size, location, and improvements. Comparing these figures to the national median property tax rate of 0.99%, Rock Springs homeowners might pay more or less depending on their specific property assessments. This variability in tax bills can impact homeowners' financial planning, influencing decisions on home improvements and long-term investments.
Average Rock Springs Tax Bill
$2,527
Average Sauk County Tax Bill
$3,357
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Rock Springs, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53961 | $1,264 | $1,926 | $2,527 | $3,504 | $5,063 |
Source: Ownwell