Stockholm, Wisconsin Property Taxes
The median property tax rate in Stockholm, WI is 2.36%, considerably 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 $131,153, the typical annual property tax bill reaches $3,089, exceeding 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 Pierce County, 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
2.36%
Estimate Property Tax Bill
$3,095
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stockholm is 1.8%, which is higher than both the Wisconsin state median of 1.68% and 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 1.8%, while the lowest median tax rate is also 1.8% in the same zip code. Understanding how these cities compare with Stockholm provides valuable insights into the varying tax landscape across Pierce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stockholm Tax Rate
2.36%
Average Pierce County Tax Rate
1.89%
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 | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% |
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 Pierce 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 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. For example, the median home price is $131,153, with tax bills ranging from $2,186 at the 25th percentile to $5,484 at the 90th percentile. The zip code with the highest median tax bill is 54769, amounting to $3,089. 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.
Average Stockholm Assessed Value
$131,153
Average Pierce County Assessed Value
$217,809
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 | $35,394 | $95,088 | $131,153 | $201,148 | $237,619 |
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. The assessed value takes into account various factors including the property's market value, location, and physical condition. Homeowners in Stockholm can expect their tax bills to vary significantly, with the 25th percentile tax bill at $2,186 and the 75th percentile reaching $4,712. For those at the higher end, the 90th percentile tax bill can go up to $5,484. The median home price in Stockholm is $131,153, which helps contextualize these tax amounts. Comparatively, the national median property tax rate is 0.99%, making Stockholm's property tax rates relatively high. This can significantly impact homeowners' finances, influencing decisions on purchasing and maintaining property in the area. The highest and lowest median tax bills in the county are both reported at $3,089 in the zip code 54769, indicating a degree of uniformity in tax assessments within that region.
Average Stockholm Tax Bill
$3,089
Average Pierce County Tax Bill
$4,292
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 | $834 | $2,186 | $3,089 | $4,712 | $5,484 |
Source: Ownwell