Sturtevant, Wisconsin Property Taxes
The median property tax rate in Sturtevant, WI is 1.54%, which is considerably higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With the median home value in Sturtevant at $215,986, the typical annual property tax bill reaches $3,389, exceeding the national median of $2,690. Property taxes in Sturtevant 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 Sturtevant'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 Sturtevant 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
Sturtevant, 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 Sturtevant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sturtevant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sturtevant to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Racine County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sturtevant, Wisconsin
Property taxes in Sturtevant, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sturtevant is 1.54%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Sturtevant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sturtevant 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 Sturtevant's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 53177 has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Sturtevant provides valuable insights into the varying tax landscape across Racine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sturtevant Tax Rate
1.54%
Average Racine County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sturtevant, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53177 | 1.43% | 1.49% | 1.54% | 1.61% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Sturtevant, Wisconsin
In Sturtevant, 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 Racine County Assessor 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 Sturtevant, 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 Sturtevant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 53177 has the highest and lowest median tax bill at $3,389, highlighting the variability within the area.
Average Sturtevant Assessed Value
$215,986
Average Racine County Assessed Value
$210,852
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sturtevant, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53177 | $154,178 | $183,503 | $215,986 | $324,264 | $387,201 |
Source: Ownwell
Property Tax Bills Across Sturtevant, Wisconsin
In Sturtevant, located in Racine County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local tax assessors who evaluate the property's market value. This value is then multiplied by the local tax rate to arrive at the annual tax bill. In Sturtevant, homeowners can expect property tax bills that vary significantly. For instance, the 25th percentile tax bill is $2,742, while the 75th percentile is $5,041, and the 90th percentile reaches up to $6,142. The median home price in the area is $215,986, which plays a crucial role in determining these tax bills. Compared to the national median property tax rate of 0.99%, Sturtevant's rates can be considered relatively high. This can significantly impact homeowners, as higher property taxes can increase the overall cost of homeownership. The highest median tax bill in the area is $3,389, found in the 53177 zip code. Understanding these factors helps homeowners anticipate their annual financial obligations.
Average Sturtevant Tax Bill
$3,389
Average Racine County Tax Bill
$3,592
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Sturtevant, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53177 | $2,204 | $2,742 | $3,389 | $5,041 | $6,142 |
Source: Ownwell