Dreams of living on the dock of the bay can come true, even on the tightest budget. We show home seekers how to find the lakefront property of their dreams without breaking the bank. Each week onLakefront Bargain Hunt we help a family discover an affordable location that proves you don't need a boatload of cash to live on the lake.
Runtime: 30 minutes
Lakefront Bargain Hunt - Wisconsin - Netflix
Wisconsin ( ( listen)) is a U.S. state located in the north-central United States, in the Midwest and Great Lakes regions. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake Michigan to the east, Michigan to the northeast, and Lake Superior to the north. Wisconsin is the 23rd largest state by total area and the 20th most populous. The state capital is Madison, and its largest city is Milwaukee, which is located on the western shore of Lake Michigan. The state is divided into 72 counties. Wisconsin's geography is diverse, having been greatly impacted by glaciers during the Ice Age with the exception of the Driftless Area. The Northern Highland and Western Upland along with a part of the Central Plain occupies the western part of the state, with lowlands stretching to the shore of Lake Michigan. Wisconsin is second to Michigan in the length of its Great Lakes coastline. During the 19th and early 20th centuries, a large number of European settlers entered the state, many of whom emigrated from Germany and Scandinavia. Like neighboring Minnesota, the state remains a center of German American and Scandinavian American culture. Wisconsin is known as “America's Dairyland” because it is one of the nation's leading dairy producers, particularly famous for its cheese. Manufacturing, especially paper products, information technology (IT), cranberries, and tourism are also major contributors to the state's economy.
Lakefront Bargain Hunt - Taxes - Netflix
Wisconsin collects personal income taxes (based on five income brackets) which range from 4% to 7.65%. The state sales and use tax rate is 5.0%. Fifty-nine counties have an additional sales/use tax of 0.5%. Milwaukee County and four surrounding counties have an additional temporary 0.1% tax that helps fund the Miller Park baseball stadium, which was completed in 2001. The most common property tax assessed on Wisconsin residents is the real property tax, or their residential property tax. Wisconsin does not impose a property tax on vehicles, but does levy an annual registration fee. Property taxes are the most important tax revenue source for Wisconsin's local governments, as well as major methods of funding school districts, vocational technical colleges, special purpose districts and tax incremental finance districts. Equalized values are based on the full market value of all taxable property in the state, except for agricultural land. In order to provide property tax relief for farmers, the value of agricultural land is determined by its value for agricultural uses, rather than for its possible development value. Equalized values are used to distribute state aid payments to counties, municipalities, and technical colleges. Assessments prepared by local assessors are used to distribute the property tax burden within individual municipalities. Wisconsin does not assess a tax on intangible property. Wisconsin does not collect inheritance taxes. Until January 1, 2008, Wisconsin's estate tax was decoupled from the federal estate tax laws; therefore the state imposed its own estate tax on certain large estates. There are no toll roads in Wisconsin; highway construction and maintenance are funded in part by motor fuel tax revenues, and the remaining balance is drawn from the State General Fund. Non-highway road construction and maintenance are funded by local governments (municipalities or counties).
Lakefront Bargain Hunt - References - Netflix