Clear Lake, Polk County, Wisconsin Property Taxes
Median Clear Lake, WI effective property tax rate: 1.38%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Clear Lake, WI home value: $192,550
Median annual Clear Lake, WI tax bill: $2,627, $227 higher than the national median property tax bill of $2,400.
How are property taxes in Polk County calculated?
Property taxes in Clear 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 Clear Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Clear Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Clear Lake, Polk County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.38%
Estimate Property Tax Bill
$2,657
$2,466
Property Tax Rates Across Clear Lake, Polk County, Wisconsin
Local government entities determine tax rates, which can vary significantly 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, in a nutshell, this is the annual process.
In Clear Lake, located in Polk County, Wisconsin, the effective property tax rate is 1.38%. This rate is notably higher than the national median property tax rate of 1.02%. Compared to other cities in Wisconsin, Clear Lake's rate is at the higher end of the spectrum, reflecting the county's budgeting needs and property values.
Understanding how these rates compare can help property owners anticipate their tax obligations and explore potential savings through appeals or exemptions. By staying informed, property owners in Clear Lake can better manage their financial planning and ensure they are not overpaying on their property taxes.
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 Clear Lake Tax Rate
1.38%
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 Polk County Tax Rate
1.13%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Clear Lake, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54005 | 1.10% | 1.18% | 1.38% | 1.46% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Clear Lake, Polk County, Wisconsin
When examining property taxes in Clear 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 Polk 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 Polk 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 Clear Lake. For example, the median home price in Clear Lake is $192,550, with tax bills ranging significantly across the county. Zip code 54005 has the highest median home price at $192,550.
Property Tax Assessment Values Across Clear Lake, Polk County, Wisconsin
Source: Ownwell
$66,950
$209,075
$351,200
Median Clear Lake Market Value
$192,550
Median Polk County Market Value
$219,000
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Clear Lake, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54005 | $88,290 | $139,375 | $192,550 | $262,275 | $330,950 |
Source: Ownwell
Property Tax Bills Across Clear Lake, Polk County, Wisconsin
In Clear Lake, located in Polk County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in this area experience a median property tax bill that aligns closely with the national median of $2400. However, tax bills can vary significantly, with the 25th percentile at $1851 and the 75th percentile reaching $3462. These variations are influenced by factors such as property size, location, and improvements. A higher assessed value typically results in a higher tax bill, impacting homeowners' financial planning.
Ownwell offers a solution for homeowners looking to reduce their property tax burden. By providing expert property tax appeal services, Ownwell helps ensure that a home's assessed value accurately reflects its market value, potentially lowering the tax bill. This service is especially beneficial for those in areas like Clear Lake, where property tax bills can be substantial. With Ownwell's assistance, homeowners can achieve significant savings and enjoy greater financial peace of mind.
Median Clear Lake Tax Bill
$2,627
Median Polk County Tax Bill
$2,629
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Clear Lake, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54005 | $1,056 | $1,851 | $2,627 | $3,462 | $4,426 |
Source: Ownwell
