Sarona, Wisconsin Property Taxes
The median property tax rate in Sarona, WI is 1.26%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $133,100 in Sarona, the typical annual property tax bill amounts to $1,574, falling below the national median of $2,690. Property taxes in Sarona are calculated based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sarona'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 Sarona 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
Sarona, 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 Sarona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sarona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sarona 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 Washburn County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sarona, Wisconsin
Property taxes in Sarona, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Sarona is 1.26%, which is higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Sarona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sarona 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 Sarona's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54870 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these areas compare with Sarona provides valuable insights into the varying tax landscape across Washburn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sarona Tax Rate
1.26%
Average Washburn County Tax Rate
1.18%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sarona, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54870 | 1.08% | 1.09% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Sarona, Wisconsin
In Sarona, 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 Washburn 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 Sarona, 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 Sarona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 54870, both at $1,574.
Average Sarona Assessed Value
$133,100
Average Washburn County Assessed Value
$126,300
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sarona, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54870 | $79,700 | $96,900 | $133,100 | $260,850 | $331,800 |
Source: Ownwell
Property Tax Bills Across Sarona, Wisconsin
Property tax bills in Sarona, located in Washburn County, WI, are determined based on the assessed value of a property and the local tax rate. The assessed value is an estimate of the property's market value as determined by a local assessor. This value is then multiplied by the local tax rate to calculate the tax bill. Several factors influence the assessed value, including the property's location, size, and condition. In Sarona, the median home price is $133,100, and tax bills can vary significantly. For instance, homeowners in the 25th percentile pay around $1,192, while those in the 75th percentile face tax bills of about $2,913. Those in the 90th percentile see even higher bills, reaching up to $3,678. Compared to the national median property tax rate of 0.99%, Sarona’s property tax rate can have a substantial impact on homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Sarona Tax Bill
$1,574
Average Washburn County Tax Bill
$1,472
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Sarona, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54870 | $1,005 | $1,192 | $1,574 | $2,913 | $3,678 |
Source: Ownwell