Hayward, Wisconsin Property Taxes
The median property tax rate in Hayward, WI is 0.88%, which is lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Hayward at $231,300, the typical annual property tax bill amounts to $2,075, falling below the national median of $2,690. Property taxes in Hayward are calculated based on the tax assessed value, which often falls below market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Hayward'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 Hayward 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
Hayward, Wisconsin 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 Hayward Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hayward with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hayward 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 Hayward, Wisconsin
Property taxes in Hayward, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hayward is 0.88%, which is lower than both the Wisconsin state median of 1.68% and the U.S. national median of 0.99%. Local government entities within Hayward set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hayward 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 Hayward's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54843 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Hayward 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 Hayward Tax Rate
0.88%
Average Sawyer County Tax Rate
0.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hayward, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54843 | 0.78% | 0.84% | 0.88% | 0.91% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Hayward, Wisconsin
In Hayward, 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 Hayward, 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. For example, the median home price in Hayward is $231,300, with tax bills ranging from $1,245 at the 25th percentile to $5,180 at the 90th percentile. 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 Hayward helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hayward Assessed Value
$231,300
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 Hayward, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54843 | $84,400 | $139,500 | $231,300 | $385,700 | $578,000 |
Source: Ownwell
Property Tax Bills Across Hayward, Wisconsin
In Hayward, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Factors such as property size, location, and improvements can influence this assessed value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Homeowners in Hayward experience a range of property tax bills. For instance, the tax bill at the 25th percentile is $1,245, while at the 75th percentile, it's $3,418. At the 90th percentile, homeowners can expect to pay around $5,180. The highest median tax bill in the county is $2,075, which is significantly above the national median property tax rate of 0.99%. These property tax bills can have a substantial impact on homeowners, influencing their overall cost of living and potentially affecting their financial planning and stability.
Average Hayward Tax Bill
$2,075
Average Sawyer County Tax Bill
$1,766
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Hayward, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54843 | $720 | $1,245 | $2,075 | $3,418 | $5,180 |
Source: Ownwell