Stanley, Wisconsin Property Taxes
The median property tax rate in Stanley, WI is 1.09%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $119,100 in Stanley, the typical annual property tax bill amounts to $1,209, which is below the national median of $2,690. Property taxes in Stanley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Stanley'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 Stanley or another part of Chippewa County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stanley, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,298
Ownwell’s Stanley Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Stanley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanley to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Stanley, Wisconsin
Property taxes in Stanley, Wisconsin, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanley is 1.09%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Stanley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanley 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 Stanley's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54768 zip code has the highest median property tax rate of 1.09%, while the 54768 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Stanley provides valuable insights into the varying tax landscape across Chippewa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanley Tax Rate
1.09%
Average Chippewa County Tax Rate
1.09%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54768 | 0.75% | 0.84% | 1.09% | 1.17% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Stanley, Wisconsin
In Stanley, 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 Chippewa 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 Stanley, 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. The median home price in Stanley is $119,100, with property tax bills ranging from $790 at the 25th percentile to $2,450 at the 90th percentile. Notably, the zip code 54768 has both the highest and lowest median tax bill at $1,209. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stanley Assessed Value
$119,100
Average Chippewa County Assessed Value
$187,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54768 | $21,900 | $75,200 | $119,100 | $170,400 | $239,160 |
Source: Ownwell
Property Tax Bills Across Stanley, Wisconsin
In Stanley, WI, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in Stanley is $119,100, and property tax bills can vary significantly. The 25th percentile tax bill is approximately $790, while the 75th percentile reaches around $1,714. At the 90th percentile, homeowners might see tax bills as high as $2,450. These variations are influenced by multiple factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Stanley's property tax rate is relatively moderate, yet it can still pose a significant financial consideration for homeowners. For instance, the highest median tax bill in the area is $1,209, which is concentrated in the 54768 zip code. This underscores the importance of understanding how assessed values and local rates impact overall tax obligations. Homeowners should be aware of these factors to better manage their financial planning and ensure they are not overpaying on their property taxes.
Average Stanley Tax Bill
$1,209
Average Chippewa County Tax Bill
$2,187
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanley, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54768 | $195 | $790 | $1,209 | $1,714 | $2,450 |
Source: Ownwell