Stone Lake, Wisconsin Property Taxes
The median property tax rate in Stone Lake, WI is 0.89%, which is lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $308,400, the typical annual property tax bill in Stone Lake amounts to $2,741, just under the national median of $2,690. Property taxes in Stone Lake are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Stone Lake'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 Stone Lake or another part of Sawyer County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stone Lake, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$2,745
$2,547
Ownwell’s Stone Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stone Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stone Lake 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 Stone Lake, Wisconsin
Property taxes in Stone Lake, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stone Lake is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Stone Lake set these rates annually, and they can vary across different neighborhoods. Each year, Stone Lake 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 Stone Lake's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54876 has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Stone Lake 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 Stone Lake Tax Rate
0.89%
Average Sawyer County Tax Rate
0.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stone Lake, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54876 | 0.79% | 0.87% | 0.89% | 0.90% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Stone Lake, Wisconsin
In Stone Lake, 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 Stone Lake, 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 Stone Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,741, found in the 54876 zip code.
Average Stone Lake Assessed Value
$308,400
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 Stone Lake, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54876 | $86,770 | $160,775 | $308,400 | $473,275 | $645,210 |
Source: Ownwell
Property Tax Bills Across Stone Lake, Wisconsin
In Stone Lake, WI, property tax bills are determined based on the assessed value of a property, which is then multiplied by the local tax rate set by various taxing authorities. The assessed value is an estimate of your property's market value, determined by the county assessor. Factors such as location, property size, improvements, and market conditions influence this assessment. Homeowners in Stone Lake experience a range of property tax bills. The 25th percentile tax bill is $1,388, while the 75th percentile reaches $4,229, and the 90th percentile climbs to $5,842. Comparatively, the national median property tax rate stands at 0.99%, which can offer a benchmark for evaluating local tax burdens. For homeowners, these tax bills significantly impact annual expenses and can influence decisions related to property investments, renovations, and even relocations. Understanding how these taxes are calculated and their implications can help homeowners better manage their financial planning and property-related decisions.
Average Stone Lake Tax Bill
$2,741
Average Sawyer County Tax Bill
$1,766
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Stone Lake, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54876 | $683 | $1,388 | $2,741 | $4,229 | $5,842 |
Source: Ownwell