Rice Lake, Barron County, Wisconsin Property Taxes
Median Rice Lake, WI effective property tax rate: 1.49%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Rice Lake, WI home value: $174,400
Median annual Rice Lake, WI tax bill: $2,657, $257 higher than the national median property tax bill of $2,400.
How are property taxes in Barron County calculated?
Property taxes in Rice Lake, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Rice Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rice Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rice Lake, Barron County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.49%
Estimate Property Tax Bill
$2,599
$2,411
Property Tax Rates Across Rice Lake, Barron County, Wisconsin
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Rice Lake in Barron County, Wisconsin, has an effective property tax rate of 1.49%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across the county, reflecting uniformity in tax assessments. When compared to the national median property tax bill of $2,400, Rice Lake's tax rate indicates a higher financial commitment from property owners. Understanding these differences can be crucial for homeowners and potential buyers in Rice Lake, as property taxes significantly impact overall housing costs. Keeping informed about these rates helps in making educated decisions regarding property investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Rice Lake Tax Rate
1.49%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Barron County Tax Rate
1.25%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Rice Lake, Barron County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54868 | 1.19% | 1.27% | 1.49% | 1.82% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Rice Lake, Barron County, Wisconsin
When examining property taxes in Rice Lake, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Barron County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Barron County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Rice Lake.
For example, the median home price in Rice Lake is $174,400, with tax bills ranging significantly across the county. Zip code 54868 has the highest median home price at $174,400.
Property Tax Assessment Values Across Rice Lake, Barron County, Wisconsin
Source: Ownwell
$116,900
$164,725
$212,550
Median Rice Lake Market Value
$174,400
Median Barron County Market Value
$176,200
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Rice Lake, Barron County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54868 | $81,400 | $117,350 | $174,400 | $256,650 | $357,020 |
Source: Ownwell
Property Tax Bills Across Rice Lake, Barron County, Wisconsin
In Rice Lake, located in Barron County, WI, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Rice Lake is $174,400, and the property tax rate is aligned with the county's standards. Homeowners here experience a median property tax bill of $2,657, which is slightly above the national median of $2,400. Factors influencing the tax bill include the property's assessed value and any applicable exemptions. The property tax bills can vary significantly, with the 25th percentile at $1,849 and the 90th percentile reaching up to $5,261. This variation highlights the importance of understanding how assessments are conducted.
Ownwell assists homeowners in Rice Lake by offering property tax appeal services, potentially lowering their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell empowers homeowners to challenge unfair valuations, ensuring they only pay their fair share. This service can lead to significant savings, making homeownership more affordable in the long run.
Median Rice Lake Tax Bill
$2,657
Median Barron County Tax Bill
$2,341
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Rice Lake, Barron County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54868 | $1,263 | $1,849 | $2,657 | $3,833 | $5,261 |
Source: Ownwell