Land O Lakes, Vilas County, Wisconsin Property Taxes
- Median LAND O LAKES, WI effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
- Median LAND O LAKES, WI home value: $197,800
- Median annual LAND O LAKES, WI tax bill: $1,526, $874 lower than the national median property tax bill of $2,400.
How are property taxes in Vilas calculated?
Property taxes in LAND O LAKES, 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 LAND O LAKES’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LAND O LAKES, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Land O Lakes, Vilas County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$1,464
$1,358
Property Tax Rates Across Land O Lakes, Vilas County, Wisconsin
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget annually to provide necessary services, dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process.
In Land O Lakes, situated in Vilas County, the effective property tax rate offers a unique perspective when compared to other cities in Wisconsin and the national average. Wisconsin's median property tax rate is notably lower than the national median of 1.02%, making it an attractive state for property owners. Understanding these rates is crucial for homeowners looking to manage their expenses effectively. By comparing Land O Lakes' tax rate to other regions, property owners can gain insights into potential savings and make informed decisions about their investments.
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 Land O Lakes Tax Rate
0.74%
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 Vilas County Tax Rate
0.71%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Land O Lakes, Vilas County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54540 | 0.69% | 0.73% | 0.74% | 0.75% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Land O Lakes, Vilas County, Wisconsin
When examining property taxes in Land O Lakes, 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 Vilas 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 Vilas 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 Land O Lakes. For example, the median home price in Land O Lakes is $197,800, with tax bills ranging significantly across the county. Zip code 54540 has the highest median home price at $197,800.
Property Tax Assessment Values Across Land O Lakes, Vilas County, Wisconsin
Source: Ownwell
$171,100
$221,025
$270,950
Median Land O Lakes Market Value
$197,800
Median Vilas County Market Value
$234,100
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Land O Lakes, Vilas County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54540 | $33,280 | $106,200 | $197,800 | $342,850 | $552,640 |
Source: Ownwell
Property Tax Bills Across Land O Lakes, Vilas County, Wisconsin
Median Land O Lakes Tax Bill
$1,526
Median Vilas County Tax Bill
$1,974
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Land O Lakes, Vilas County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54540 | $373 | $890 | $1,526 | $2,570 | $4,193 |
Source: Ownwell