Bayfield, Bayfield County, Wisconsin Property Taxes
Median Bayfield, WI effective property tax rate: 1.62%, significantly higher than the national median of 1.02%, but slightly higher than the Wisconsin state median of 1.58%.
Median Bayfield, WI home value: $196,550
Median annual Bayfield, WI tax bill: $3,279, $879 higher than the national median property tax bill of $2,400.
How are property taxes in Bayfield calculated?
Property taxes in Bayfield, 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 Bayfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bayfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bayfield, Bayfield County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.62%
Estimate Property Tax Bill
$3,184
$2,955
Property Tax Rates Across Bayfield, Bayfield County, Wisconsin
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Bayfield, WI, the effective property tax rate is notably higher than the national median, reflecting the unique budgetary needs and property values of the area. Bayfield's rate stands out when compared to other cities in Wisconsin and even the national median property tax rate. This difference highlights how local economic conditions and government decisions can impact property taxes. Understanding these variations can be crucial for property owners looking to manage their tax liabilities effectively. Comparing Bayfield's tax rate to both state and national figures provides valuable insight into how property taxes are structured and the potential for savings through appeals or exemptions.
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 Bayfield Tax Rate
1.62%
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 Bayfield County Tax Rate
1.14%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bayfield, Bayfield County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54814 | 1.58% | 1.62% | 1.62% | 1.85% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Bayfield, Bayfield County, Wisconsin
When examining property taxes in Bayfield, 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 Bayfield 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 Bayfield County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Bayfield. For example, the median home price in Bayfield is $196,550, with tax bills ranging significantly across the county. Zip code 54814 has the highest median home price at $196,550.
Property Tax Assessment Values Across Bayfield, Bayfield County, Wisconsin
Source: Ownwell
$101,750
$194,425
$287,100
Median Bayfield Market Value
$196,550
Median Bayfield County Market Value
$167,000
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bayfield, Bayfield County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54814 | $61,580 | $122,800 | $196,550 | $284,950 | $383,580 |
Source: Ownwell
Property Tax Bills Across Bayfield, Bayfield County, Wisconsin
Median Bayfield Tax Bill
$3,279
Median Bayfield County Tax Bill
$1,916
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Bayfield, Bayfield County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54814 | $989 | $2,088 | $3,279 | $4,706 | $6,175 |
Source: Ownwell