Winter, Wisconsin Property Taxes
The median property tax rate in Winter, WI is 0.96%, slightly below the national median of 0.99% and significantly lower than the Wisconsin state median of 1.58%. With a median home value in Winter of $117,100, the typical annual property tax bill is $1,092, which is less than the national median of $2,690. Property taxes in Winter are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Winter's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Winter 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
Winter, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,124
Ownwell’s Winter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winter 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 Winter, Wisconsin
Property taxes in Winter, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winter is 0.96%, which is slightly below the U.S. national median of 0.99%. Local government entities within Winter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winter 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 Winter's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54896 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Winter 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 Winter Tax Rate
0.96%
Average Sawyer County Tax Rate
0.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winter, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54896 | 0.75% | 0.88% | 0.96% | 1.00% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Winter, Wisconsin
In Winter, 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 Winter, 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. The median home price in Winter is $117,100, with tax bills ranging from $627 at the 25th percentile to $2,573 at the 90th percentile. The highest and lowest median tax bills, both at $1,092, are found in the 54896 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Winter Assessed Value
$117,100
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 Winter, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54896 | $37,440 | $68,400 | $117,100 | $192,100 | $270,460 |
Source: Ownwell
Property Tax Bills Across Winter, Wisconsin
In Winter, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For homeowners in Winter, this can significantly impact their annual expenses. For instance, with a median home price of $117,100, the tax bill varies widely. At the 25th percentile, homeowners might pay around $627, while those at the 75th percentile could see bills as high as $1,830. The 90th percentile reaches up to $2,573. Comparatively, the national median property tax rate is 0.99%, making Winter's tax rates notable. These variations highlight the importance of accurate assessments and the potential financial burden on homeowners, as property taxes can constitute a significant portion of annual household expenses. Homeowners should stay informed and consider appealing their assessments if they believe their property has been overvalued.
Average Winter Tax Bill
$1,092
Average Sawyer County Tax Bill
$1,766
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Winter, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54896 | $304 | $627 | $1,092 | $1,830 | $2,573 |
Source: Ownwell