Stetsonville, Wisconsin Property Taxes
The median property tax rate in Stetsonville, WI is 1.12%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $115,272, the typical annual property tax bill in Stetsonville is $1,391, significantly below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Stetsonville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Stetsonville or elsewhere in Marathon County, comprehending the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Stetsonville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,291
$1,198
Ownwell’s Stetsonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stetsonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stetsonville 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 Stetsonville, Wisconsin
Property taxes in Stetsonville, Wisconsin, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Stetsonville is 1.12%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Stetsonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stetsonville 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 Stetsonville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54480 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Stetsonville provides valuable insights into the varying tax landscape across Marathon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stetsonville Tax Rate
1.12%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stetsonville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54480 | 0.85% | 1.00% | 1.12% | 1.22% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Stetsonville, Wisconsin
In Stetsonville, 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 Marathon 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 Stetsonville, 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 Stetsonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both amount to $1391, with the zip code 54480 reflecting this value.
Average Stetsonville Assessed Value
$115,272
Average Marathon County Assessed Value
$164,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stetsonville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54480 | $57,757 | $95,101 | $115,272 | $200,990 | $330,831 |
Source: Ownwell
Property Tax Bills Across Stetsonville, Wisconsin
In Stetsonville, Marathon County, WI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which is periodically evaluated by local assessors. Factors such as property size, location, and improvements can influence the assessed value. For example, with a median home price of $115,272, the property tax rate in Stetsonville results in varying tax bills. Homeowners at the 25th percentile pay around $852 annually, while those at the 75th percentile see tax bills of approximately $1,892. At the 90th percentile, tax bills can reach up to $3,664. Comparatively, the national median property tax rate is 0.99%, making Stetsonville's rates competitive. These property taxes fund essential community services like schools, infrastructure, and public safety, directly impacting the quality of life for homeowners. Understanding these factors helps homeowners anticipate their annual financial obligations and the benefits they receive in return.
Average Stetsonville Tax Bill
$1,391
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Stetsonville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54480 | $610 | $852 | $1,391 | $1,892 | $3,664 |
Source: Ownwell