Stratford, Wisconsin Property Taxes
The median property tax rate in Stratford, WI is 1.36%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Stratford at $165,702, the typical annual property tax bill reaches $2,254, which is below the national median of $2,690. Property taxes in Stratford are calculated based on the tax assessed value, often reduced by various exemptions such as those for primary residences and agricultural land. Understanding Stratford'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 Stratford 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
Stratford, 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 Stratford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stratford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stratford 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 Stratford, Wisconsin
Property taxes in Stratford, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stratford is 1.36%, significantly higher than the U.S. national median of 0.99%. Local government entities within Stratford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stratford 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 Stratford's effective property tax rate to other areas in Marathon County and the national median. For comparison, ZIP code 54484 has both the highest and lowest median property tax rate of 1.36%. Understanding how these areas compare with Stratford 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 Stratford Tax Rate
1.36%
Average Marathon County Tax Rate
1.64%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stratford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54484 | 1.10% | 1.24% | 1.36% | 1.69% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Stratford, Wisconsin
In Stratford, 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 Stratford, 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 Stratford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54484 has the highest median tax bill at $2,254, which can be useful information for homeowners aiming to understand local tax trends.
Average Stratford Assessed Value
$165,702
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 Stratford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54484 | $19,009 | $101,283 | $165,702 | $242,483 | $323,555 |
Source: Ownwell
Property Tax Bills Across Stratford, Wisconsin
In Stratford, located in Marathon County, 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 local assessor's office, which evaluates the property's market value. Once the assessed value is established, the tax rate is applied to this value to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of comparable properties in the area. For instance, Stratford's median home price is $165,702. Homeowners in this region can expect tax bills to vary significantly, with tax bills at the 25th percentile around $1,374 and those at the 75th percentile reaching up to $3,362. In some cases, tax bills can be as high as $4,553, at the 90th percentile. The property tax rate in Stratford is influenced by local government budgets and public service funding needs, impacting how much homeowners pay annually. This can lead to substantial differences in tax bills, affecting homeowners' financial planning and overall cost of living.
Average Stratford Tax Bill
$2,254
Average Marathon County Tax Bill
$2,706
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Stratford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54484 | $284 | $1,374 | $2,254 | $3,362 | $4,553 |
Source: Ownwell