Stanley, Wisconsin Property Taxes
The median property tax rate in Stanley, WI is 1.31%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Stanley at $161,800, the typical annual property tax bill amounts to $2,183, 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 the city, understanding 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
1.31%
Estimate Property Tax Bill
$2,120
Ownwell’s Stanley Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate 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 provide an estimate of your property tax bill. This useful tool helps you understand potential tax liabilities. For those interested in neighborhood-specific trends, more localized information is available below. Your property’s assessed value is the value assigned by Clark County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Stanley, Wisconsin
Property taxes in Stanley, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanley is 1.31%, significantly 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 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Stanley provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanley Tax Rate
1.31%
Average Clark County Tax Rate
1.54%
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 | 1.14% | 1.23% | 1.31% | 1.36% | 1.40% |
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 Clark 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. 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 Stanley 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 54768, with a bill of $2,183, which is also the lowest median tax bill in the area.
Average Stanley Assessed Value
$161,800
Average Clark County Assessed Value
$124,600
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 | $41,900 | $108,525 | $161,800 | $241,625 | $312,930 |
Source: Ownwell
Property Tax Bills Across Stanley, Wisconsin
In Stanley, WI, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, the median home price in Stanley is $161,800. Property tax bills can vary significantly, with the 25th percentile paying around $1,349 and the 75th percentile paying approximately $3,213. The 90th percentile sees tax bills as high as $4,041. Several factors influence the assessed value, including the property's location, size, and condition. Market trends and recent sales of comparable properties in the area also play a role. These property tax bills directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Stanley's property tax rates can be relatively high, emphasizing the importance of understanding local tax obligations for homeowners.
Average Stanley Tax Bill
$2,183
Average Clark County Tax Bill
$2,005
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 | $476 | $1,349 | $2,183 | $3,213 | $4,041 |
Source: Ownwell