Merrill, Lincoln County, Wisconsin Property Taxes
Median Merrill, WI effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Merrill, WI home value: $137,900
Median annual Merrill, WI tax bill: $1,990, $410 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln calculated?
Property taxes in Merrill, 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 Merrill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Merrill, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Merrill, Lincoln County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.21%
Estimate Property Tax Bill
$1,669
$1,548
Property Tax Rates Across Merrill, Lincoln County, Wisconsin
Local government entities determine tax rates, which can significantly differ within a state. Each county annually estimates its budgetary needs to provide essential services and divides this amount by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. While votes and legislation play roles in setting these rates and budgets, this is the fundamental process each year.
In Merrill, located in Lincoln County, the effective property tax rate is a reflection of this process. When compared to other cities across Wisconsin, Merrill's rate is notably distinct. The median property tax rate in Wisconsin is 1.21%, which is higher than the national median of 1.02%. This means property owners in Merrill generally face a more substantial tax burden compared to many other areas in the country. However, this higher rate supports local services that benefit the community. Understanding these dynamics can empower property owners to make informed decisions and potentially explore tax appeal opportunities.
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 Merrill Tax Rate
1.21%
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 Lincoln County Tax Rate
1.15%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Merrill, Lincoln County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54452 | 1.00% | 1.06% | 1.21% | 2.04% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Merrill, Lincoln County, Wisconsin
When examining property taxes in Merrill, 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 Lincoln 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 Lincoln 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 Merrill. For example, the median home price in Merrill is $137,900, with tax bills ranging significantly across the county. Zip code 54452 has the highest median home price at $137,900.
Property Tax Assessment Values Across Merrill, Lincoln County, Wisconsin
Source: Ownwell
$137,900
$177,725
$217,550
Median Merrill Market Value
$137,900
Median Lincoln County Market Value
$156,400
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Merrill, Lincoln County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54452 | $67,300 | $90,100 | $137,900 | $202,200 | $270,990 |
Source: Ownwell
Property Tax Bills Across Merrill, Lincoln County, Wisconsin
In Merrill, located in Lincoln County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Merrill is $137,900, which is considerably lower than the national median. Homeowners in this city can expect their property tax bills to vary, with the 25th percentile at $1,511 and the 75th percentile reaching $2,692. The highest and lowest median tax bills in the area are both $1,990, indicating a consistent property tax burden across different properties. These figures are slightly below the national median property tax bill of $2,400, offering a comparative advantage for homeowners in Merrill.
Ownwell assists homeowners in Merrill by providing expert property tax appeal and exemption services. By reviewing the assessed value of a property and ensuring it is accurate, Ownwell helps homeowners potentially reduce their tax burden. This service can lead to significant savings, ensuring homeowners are not overpaying on their property taxes.
Median Merrill Tax Bill
$1,990
Median Lincoln County Tax Bill
$2,035
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Merrill, Lincoln County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54452 | $1,141 | $1,511 | $1,990 | $2,692 | $3,581 |
Source: Ownwell