Mineral Point, Lafayette County, Wisconsin Property Taxes
Median Mineral Point, WI effective property tax rate: 1.71%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Mineral Point, WI home value: $18,796
Median annual Mineral Point, WI tax bill: $285, $2,115 lower than the national median property tax bill of $2,400.
How are property taxes in Lafayette County calculated?
Property taxes in Mineral Point, 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 Mineral Point’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mineral Point, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mineral Point, Lafayette County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.71%
Estimate Property Tax Bill
$321
$298
Ownwell’s Mineral Point Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mineral Point with just two data points.
By entering your property's estimated assessed value, our calculator applies Mineral Point’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lafayette County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Mineral Point, Lafayette County, Wisconsin
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation is due to each county's annual budgetary needs, which are determined by estimating the cost of providing essential services. The total budget is then divided by the total assessed value of all taxable properties within the jurisdiction, resulting in the property tax rate. Although the process involves voting and legislation, this is the basic annual procedure.
In Mineral Point, located in Lafayette County, the effective property tax rate stands at 1.71%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities within Wisconsin, Mineral Point's tax rate is among the highest. The median property tax bill in the U.S. is $2,400, which further highlights the relative burden of property taxes in this area. Understanding these rates can help property owners in Mineral Point make informed decisions about property tax appeals and exemptions, potentially leading to significant savings.
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 Mineral Point Tax Rate
1.71%
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 Lafayette County Tax Rate
1.84%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mineral Point, Lafayette County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53565 | 1.59% | 1.64% | 1.71% | 1.71% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Mineral Point, Lafayette County, Wisconsin
When examining property taxes in Mineral Point, 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 Lafayette 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 Lafayette 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 Mineral Point. For example, the median home price in Mineral Point is $18,796, with tax bills ranging significantly across the county. Zip code 53565 has the highest median home price at $18,796.
Property Tax Assessment Values Across Mineral Point, Lafayette County, Wisconsin
Source: Ownwell
$8,848
$18,545
$28,242
Median Mineral Point Market Value
$18,796
Median Lafayette County Market Value
$15,150
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mineral Point, Lafayette County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53565 | $2,271 | $4,373 | $18,796 | $63,208 | $250,644 |
Source: Ownwell
Property Tax Bills Across Mineral Point, Lafayette County, Wisconsin
Median Mineral Point Tax Bill
$285
Median Lafayette County Tax Bill
$291
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Mineral Point, Lafayette County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53565 | $39 | $75 | $285 | $1,272 | $3,946 |
Source: Ownwell
