Mt Sterling, Wisconsin Property Taxes
The median property tax rate in MT STERLING, WI is 1.44%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in MT STERLING at $94,809, the typical annual property tax bill reaches $1,496, which is below the national median of $2,690. Property taxes in MT STERLING 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 MT 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 MT STERLING 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
Mt Sterling, 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 MT STERLING Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MT STERLING with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MT 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 Mt Sterling, Wisconsin
Property taxes in MT STERLING, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MT STERLING is 1.44%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within MT STERLING set these rates annually, and they can vary significantly across different neighborhoods. Each year, MT 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 MT STERLING's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the ZIP code 54645 has the highest median property tax rate of 1.44%, while the same ZIP code also has the lowest median tax rate of 1.44%. Understanding how these areas compare with MT 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 Mt Sterling Tax Rate
1.44%
Average Crawford County Tax Rate
1.79%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mt Sterling, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54645 | 1.13% | 1.33% | 1.44% | 1.47% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Mt Sterling, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in MT STERLING, Wisconsin. 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 Crawford 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 MT 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. The median home price here is $94,809, with tax bills ranging from $1,351 at the 25th percentile to $1,869 at the 90th percentile. The highest and lowest median tax bills are both $1,496, found in the 54645 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mt Sterling Assessed Value
$94,809
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 Mt Sterling, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54645 | $50,432 | $70,495 | $94,809 | $106,890 | $137,871 |
Source: Ownwell
Property Tax Bills Across Mt Sterling, Wisconsin
In MT Sterling, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in MT Sterling, the median home price is $94,809. Property tax bills can vary significantly, with the 25th percentile at $1,351 and the 75th percentile at $1,733, indicating a range of what homeowners might expect to pay. The 90th percentile tax bill is $1,869, showing that some homeowners face even higher taxes. These property taxes contribute to essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, MT Sterling's property tax rates reflect the local economic conditions and funding needs, impacting homeowners' annual expenses and overall cost of living.
Average Mt Sterling Tax Bill
$1,496
Average Crawford County Tax Bill
$2,321
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Mt Sterling, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54645 | $693 | $1,351 | $1,496 | $1,733 | $1,869 |
Source: Ownwell