Stockholm, Wisconsin Property Taxes
The median property tax rate in Stockholm, WI is 1.98%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Stockholm at $208,100, the typical annual property tax bill reaches $4,031, surpassing the national median of $2,690. Property taxes in Stockholm 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 Stockholm'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 Stockholm 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
Stockholm, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.98%
Estimate Property Tax Bill
$4,120
Ownwell’s Stockholm Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stockholm with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stockholm 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 Stockholm, Wisconsin
Property taxes in Stockholm, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stockholm is 1.98%, significantly higher than the U.S. national median of 0.99%. Local government entities within Stockholm set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stockholm 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 Stockholm's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54769 has the highest median property tax rate of 1.98%, while the same zip code also has the lowest median tax rate of 1.98%. Understanding how these cities compare with Stockholm provides valuable insights into the varying tax landscape across Pepin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stockholm Tax Rate
1.98%
Average Pepin County Tax Rate
1.98%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stockholm, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54769 | 1.92% | 1.93% | 1.98% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Stockholm, Wisconsin
In Stockholm, 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 Stockholm, 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 Stockholm helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $4,031 in the 54769 zip code, while the lowest is also $4,031 in the same zip code.
Average Stockholm Assessed Value
$208,100
Average Pepin County Assessed Value
$159,000
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stockholm, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54769 | $54,600 | $116,900 | $208,100 | $303,200 | $510,900 |
Source: Ownwell
Property Tax Bills Across Stockholm, Wisconsin
In Stockholm, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. The median home price in Stockholm is $208,100, and homeowners can expect varying tax bills depending on the value of their property and the specific tax rate applied. For example, homeowners in the 25th percentile pay around $2,292 in property taxes, while those in the 75th percentile face significantly higher bills, averaging $5,876. The top 10% of homeowners see tax bills as high as $10,140. The highest median tax bill in the region is $4,031, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure. Consequently, while high property taxes can be a financial burden, they also contribute to the quality of life and services available in the community.
Average Stockholm Tax Bill
$4,031
Average Pepin County Tax Bill
$2,950
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Stockholm, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54769 | $1,075 | $2,292 | $4,031 | $5,876 | $10,140 |
Source: Ownwell