Ladysmith, Rusk County, Wisconsin Property Taxes
Median Ladysmith, WI effective property tax rate: 1.44%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Ladysmith, WI home value: $87,750
Median annual Ladysmith, WI tax bill: $1,335, $1,065 lower than the national median property tax bill of $2,400.
How are property taxes in Rusk County calculated?
Property taxes in Ladysmith, 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 Ladysmith’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ladysmith, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ladysmith, Rusk County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.44%
Estimate Property Tax Bill
$1,264
$1,173
Property Tax Rates Across Ladysmith, Rusk County, Wisconsin
Local government entities in Wisconsin set tax rates, which can vary significantly within the state. Each year, counties estimate their budget needs for services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws influence the setting of tax rates and budgets, this is essentially the annual process.
In Ladysmith, located in Rusk County, the effective property tax rate stands at 1.44%, which is notably higher than the national median property tax rate of 1.02%. This places Ladysmith among the higher tax rate areas in Wisconsin, where the median property tax rate also aligns at 1.44%. For homeowners, this means that property tax bills in Ladysmith are likely to exceed the national median property tax bill of $2,400.
Understanding these rates is crucial for property owners considering tax appeals or exemptions, as even small percentage differences can significantly impact annual tax bills. Comparing Ladysmith's rates to both state and national figures provides valuable insight for property owners aiming to optimize their tax liabilities.
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 Ladysmith Tax Rate
1.44%
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 Rusk County Tax Rate
1.18%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ladysmith, Rusk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54848 | 0.94% | 1.11% | 1.44% | 1.97% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Ladysmith, Rusk County, Wisconsin
When examining property taxes in Ladysmith, 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 Rusk 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 Rusk County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Ladysmith. For example, the median home price in Ladysmith is $87,750, with tax bills ranging significantly across the county. The 54848 zip code has the highest median home price at $87,750.
Property Tax Assessment Values Across Ladysmith, Rusk County, Wisconsin
Source: Ownwell
$59,700
$184,950
$310,200
Median Ladysmith Market Value
$87,750
Median Rusk County Market Value
$102,350
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ladysmith, Rusk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54848 | $30,030 | $53,300 | $87,750 | $143,225 | $196,770 |
Source: Ownwell
Property Tax Bills Across Ladysmith, Rusk County, Wisconsin
Median Ladysmith Tax Bill
$1,335
Median Rusk County Tax Bill
$1,304
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Ladysmith, Rusk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54848 | $394 | $799 | $1,335 | $2,112 | $3,004 |
Source: Ownwell