Exeland, Wisconsin Property Taxes
The median property tax rate in Exeland, WI is 0.95%, slightly below the national median of 0.99% and significantly lower than the Wisconsin state median of 1.58%. With the median home value in Exeland at $105,600, the typical annual property tax bill amounts to $963, which is well below the national median of $2,690. Property taxes in Exeland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Exeland'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 Exeland or another part of Sawyer County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Exeland, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$1,003
$931
Ownwell’s Exeland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Exeland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Exeland 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 Exeland, Wisconsin
Property taxes in Exeland, Wisconsin, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Exeland is 0.95%, which is slightly below the U.S. national median of 0.99%. Local government entities within Exeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Exeland 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 Exeland's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54835 has both the highest and lowest median property tax rate of 0.95%. Understanding how these areas compare with Exeland provides valuable insights into the varying tax landscape across Sawyer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Exeland Tax Rate
0.95%
Average Sawyer County Tax Rate
0.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Exeland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54835 | 0.47% | 0.77% | 0.95% | 1.05% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Exeland, Wisconsin
In Exeland, 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 Sawyer 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 Exeland, 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 Exeland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Exeland, the median home price stands at $105,600, with the highest and lowest median tax bills both recorded at $963 in the 54835 zip code.
Average Exeland Assessed Value
$105,600
Average Sawyer County Assessed Value
$195,000
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Exeland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54835 | $36,010 | $60,475 | $105,600 | $163,325 | $251,430 |
Source: Ownwell
Property Tax Bills Across Exeland, Wisconsin
In Exeland, located in Sawyer County, WI, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The median home price in Exeland is $105,600. Homeowners in this area can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $534, while at the 75th percentile, it rises to $1,483. At the 90th percentile, it reaches as high as $2,150. Several factors influence these tax bills, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. The median property tax rate in Sawyer County is relatively moderate compared to the national median of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure maintenance, directly impacting the quality of life for homeowners. Understanding how these taxes are calculated can help residents better anticipate their annual financial obligations and plan accordingly.
Average Exeland Tax Bill
$963
Average Sawyer County Tax Bill
$1,766
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Exeland, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54835 | $276 | $534 | $963 | $1,483 | $2,150 |
Source: Ownwell