Mount Sterling, Wisconsin Property Taxes
The median property tax rate in Mount Sterling, WI is 1.42%, notably higher than both the national median of 0.99% and Wisconsin's state median of 1.58%. With the median home value in Mount Sterling at $94,656, the typical annual property tax bill reaches $1,478, which is still below the national median of $2,690. Property taxes in Mount Sterling are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Mount Sterling'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 Mount Sterling or another part of Crawford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Sterling, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,344
Ownwell’s Mount Sterling Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Sterling with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Sterling 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mount Sterling, Wisconsin
Property taxes in Mount Sterling, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Sterling is 1.42%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Mount Sterling set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Sterling 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 Mount Sterling's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54645 zip code holds both the highest and lowest median property tax rate in Crawford County at 1.42%. Understanding how these areas compare with Mount Sterling provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Sterling Tax Rate
1.42%
Average Crawford County Tax Rate
1.79%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Sterling, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54645 | 1.12% | 1.30% | 1.42% | 1.55% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Mount Sterling, Wisconsin
In Mount Sterling, 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 local 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 Mount Sterling, 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 Mount Sterling helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $94,656, with tax bills ranging from $954 at the 25th percentile to $2,325 at the 90th percentile. The highest and lowest median tax bills are both in the 54645 zip code, at $1,478.
Property Tax Assessment Values Across Mount Sterling, Wisconsin
Source: Ownwell
$54,497
$96,863
$139,228
Average Mount Sterling Assessed Value
$94,656
Average Crawford County Assessed Value
$123,412
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Sterling, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54645 | $15,016 | $48,169 | $94,656 | $123,559 | $158,852 |
Source: Ownwell
Property Tax Bills Across Mount Sterling, Wisconsin
In Mount Sterling, 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 the county assessor and reflects the market value of the property. For example, with a median home price of $94,656, homeowners can expect their property tax bill to vary widely. Factors such as property improvements, neighborhood characteristics, and market trends are considered when determining the assessed value. In Crawford County, the 25th percentile tax bill is around $954, while the 75th percentile tax bill is approximately $1,956. For those in the 90th percentile, the tax bill can reach up to $2,325. These tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, the property tax rates in Mount Sterling are reflective of the local economic conditions and property values, ensuring that the tax burden is distributed proportionately among homeowners.
Average Mount Sterling Tax Bill
$1,478
Average Crawford County Tax Bill
$2,321
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Sterling, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54645 | $169 | $954 | $1,478 | $1,956 | $2,325 |
Source: Ownwell