Park Falls, Price County, Wisconsin Property Taxes

Name: Property Tax Bills Across Park Falls, Price County, Wisconsin
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Park Falls, WI effective property tax rate: 1.72%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Park Falls, WI home value: $77,900
Median annual Park Falls, WI tax bill: $1,605, $795 lower than the national median property tax bill of $2,400.

How are property taxes in Price County calculated?

Property taxes in Park Falls, 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 Park Falls’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Park Falls, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Park Falls, Price County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.72%

Estimate Property Tax Bill

$1,340

$1,243

Ownwell’s Park Falls Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Park Falls with just two data points. By entering your property's estimated assessed value, our calculator applies Park Falls’ 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 Price County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Park Falls, Price County, Wisconsin

Local government entities set property tax rates, which can vary significantly even within the same state. This variation occurs because each county must annually estimate its budgetary needs to provide essential services. They then divide this budget by the total assessed value of all taxable properties in their jurisdiction, resulting in the property tax rate. While the process involves votes and legislative measures, this is the core mechanism by which rates are set each year.

In Park Falls, located in Price County, the effective property tax rate is 1.72%, which is notably higher than the national median of 1.02%. This rate reflects the county's budgetary requirements and the total assessed property value. When compared to other cities in Wisconsin, Park Falls shares the same rate, indicating a uniformity in tax rates within this area. However, this rate is significantly above the national median, underscoring the importance of understanding local tax dynamics. Being aware of these factors can help homeowners in Park Falls make informed decisions about property tax appeals and exemptions, potentially leading to savings.

Property Tax Rates Across Park Falls, Price County, Wisconsin

Source: Ownwell

1.32%

1.54%

1.75%

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 Park Falls Tax Rate

1.72%

Median Effective Price County Tax Rate

1.67%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Park Falls, Price County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
54552	1.37%	1.56%	1.72%	2.57%	2.81%

Source: Ownwell

Property Tax Assessment Values Across Park Falls, Price County, Wisconsin

When examining property taxes in Park Falls, 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 Price 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 Price 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 Park Falls. For example, the median home price in Park Falls is $77,900, with tax bills ranging significantly across the county. Zip code 54552 has the highest median home price at $77,900.

Property Tax Assessment Values Across Park Falls, Price County, Wisconsin

Source: Ownwell

$65,750

$154,550

$243,350

Median Park Falls Market Value

$77,900

Median Price County Market Value

$88,900

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Park Falls, Price County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
54552	$29,200	$47,200	$77,900	$140,400	$215,440

Source: Ownwell

Property Tax Bills Across Park Falls, Price County, Wisconsin

In Park Falls, located in Price County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price here is $77,900, and the property tax rate is applied to this assessed value to determine the tax bill. Factors influencing the tax bill include the property's value, local tax rates, and any applicable exemptions or deductions. Homeowners in Park Falls face a median property tax bill of $1,605, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $934 and the 90th percentile reaching $3,832. This variability can impact homeowners' finances, making it crucial to ensure accurate assessments. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax liabilities. By reviewing assessments and identifying discrepancies, Ownwell helps homeowners secure fair tax bills, ensuring they only pay what is necessary.

Property Tax Bills Across Park Falls, Price County, Wisconsin

Source: Ownwell

$910

$2,122

$3,334

Median Park Falls Tax Bill

$1,605

Median Price County Tax Bill

$1,546

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Park Falls, Price County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
54552	$535	$934	$1,605	$2,556	$3,832

Source: Ownwell