Stoddard, Wisconsin Property Taxes
The median property tax rate in Stoddard, WI is 1.93%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Stoddard, the typical annual property tax bill reaches $3,219, exceeding the national median of $2,690. Property taxes in Stoddard are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stoddard's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Stoddard or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stoddard, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Stoddard Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stoddard, WI. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Stoddard to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities, making financial planning easier. For those interested in more detailed insights, you can explore trends on a neighborhood level by scrolling down. Remember, your property’s assessed value is determined by the county for tax purposes and may include applicable exemptions.
Property Tax Rates Across Stoddard, Wisconsin
Property taxes in Stoddard, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stoddard is 1.93%, significantly higher than both the Wisconsin state median of 1.68% and the U.S. national median of 0.99%. Local government entities within Stoddard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stoddard estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Stoddard's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54658 zip code has the highest median property tax rate of 1.93%, while the same zip code also has the lowest median tax rate of 1.93%. Understanding how these areas compare with Stoddard provides valuable insights into the varying tax landscape across La Crosse County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stoddard Tax Rate
1.93%
Average La Crosse County Tax Rate
1.93%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stoddard, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54658 | 1.93% | 1.93% | 1.93% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Stoddard, Wisconsin
In Stoddard, Wisconsin, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the La Crosse County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Stoddard, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Stoddard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 54658, amounting to $3,219.
Average Stoddard Assessed Value
$167,600
Average La Crosse County Assessed Value
$200,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stoddard, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54658 | $108,300 | $143,350 | $167,600 | $227,075 | $282,850 |
Source: Ownwell
Property Tax Bills Across Stoddard, Wisconsin
Property tax bills in Stoddard, WI, are determined based on the assessed value of a property, which is a fraction of its market value. The local government assesses properties annually to establish this value. Homeowners in Stoddard pay property taxes that contribute to public services such as schools, infrastructure, and emergency services. The median home price in Stoddard is $167,600, and property tax bills vary significantly. For instance, the tax bill for the 25th percentile is $2,716, while the 75th percentile reaches $4,356. At the 90th percentile, homeowners can expect to pay up to $5,310. These figures illustrate the range of property tax burdens that can affect homeowners, depending on the assessed value of their property. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how local assessments and tax rates impact their annual tax obligations. This understanding helps homeowners budget effectively and anticipate changes in their financial responsibilities.
Average Stoddard Tax Bill
$3,219
Average La Crosse County Tax Bill
$3,624
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Stoddard, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54658 | $1,995 | $2,716 | $3,219 | $4,356 | $5,310 |
Source: Ownwell