Turtle Lake, Polk County, Wisconsin Property Taxes
Median Turtle Lake, WI effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Turtle Lake, WI home value: $218,550
Median annual Turtle Lake, WI tax bill: $1,981, $419 lower than the national median property tax bill of $2,400.
How are property taxes in Polk calculated?
Property taxes in Turtle 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 Turtle Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Turtle Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Turtle Lake, Polk County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$2,011
$1,866
Property Tax Rates Across Turtle Lake, Polk County, Wisconsin
Local government entities set property tax rates, which can vary significantly even within the same state. Every year, each county estimates the budget necessary to provide essential services and then divides this figure by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and laws, this is the core of the annual process.
In Turtle Lake, located in Polk County, WI, the effective property tax rate is 0.92%, which is slightly below the national median of 1.02%. This lower rate can make Turtle Lake an attractive option for homeowners seeking more affordable property taxes. When comparing Turtle Lake's rate to other cities in Wisconsin, it remains competitive and consistent with the state's median tax rate. The relatively low property tax rate in Turtle Lake offers a financial advantage, especially when contrasted with the national median property tax bill of $2,400. This could provide significant savings for homeowners, enhancing the appeal of Turtle Lake as a desirable place to live.
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 Turtle Lake Tax Rate
0.92%
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 Turtle Lake, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54889 | 0.80% | 0.86% | 0.92% | 0.96% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Turtle Lake, Polk County, Wisconsin
When examining property taxes in Turtle 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 Turtle Lake. For example, the median home price in Turtle Lake is $218,550, with tax bills ranging significantly across the county. Zip code 54889 has the highest median home price at $218,550.
Property Tax Assessment Values Across Turtle Lake, Polk County, Wisconsin
Source: Ownwell
$66,950
$209,075
$351,200
Median Turtle Lake Market Value
$218,550
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 Turtle Lake, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54889 | $75,050 | $142,350 | $218,550 | $320,675 | $410,650 |
Source: Ownwell
Property Tax Bills Across Turtle Lake, Polk County, Wisconsin
Median Turtle Lake Tax Bill
$1,981
Median Polk County Tax Bill
$2,629
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Turtle Lake, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54889 | $638 | $1,301 | $1,981 | $3,077 | $4,033 |
Source: Ownwell