Star Prairie, Polk County, Wisconsin Property Taxes
The median property tax rate in Star Prairie, WI is 1.06%, slightly higher than the national median of 0.99% but lower than Wisconsin's state median of 1.58%. With a median home value of $310,200 in Star Prairie, the typical annual property tax bill reaches $3,347, surpassing the national median of $2,690. Property taxes in Star Prairie 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 Star Prairie'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 Star Prairie 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
Star Prairie, Polk County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$3,288
$3,051
Ownwell’s STAR PRAIRIE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STAR PRAIRIE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STAR PRAIRIE 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 Star Prairie, Polk County, Wisconsin
Property taxes in Star Prairie, Wisconsin, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Star Prairie is 1.06%, higher than both the Wisconsin state median of 1.05% and the U.S. national median of 0.99%. Local government entities within Star Prairie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Star Prairie 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 Star Prairie's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54026 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Star Prairie provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Star Prairie Tax Rate
1.06%
Average Polk County Tax Rate
1.13%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Star Prairie, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54026 | 0.98% | 1.03% | 1.06% | 1.10% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Star Prairie, Polk County, Wisconsin
In STAR PRAIRIE, 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 Polk 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 STAR PRAIRIE, 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 STAR PRAIRIE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the region is $3,347 in the 54026 zip code, while the lowest is also $3,347 in the same zip code, highlighting a consistent tax environment.
Property Tax Assessment Values Across Star Prairie, Polk County, Wisconsin
Source: Ownwell
$66,950
$209,075
$351,200
Average Star Prairie Assessed Value
$310,200
Average Polk County Assessed Value
$219,000
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Star Prairie, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54026 | $100,150 | $211,450 | $310,200 | $423,575 | $540,720 |
Source: Ownwell
Property Tax Bills Across Star Prairie, Polk County, Wisconsin
Property tax bills in Star Prairie, located in Polk County, WI, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with the median home price in Star Prairie at $310,200, homeowners can expect varying tax bills. The 25th percentile tax bill is around $2,227, while the 75th percentile reaches $4,581. In some cases, tax bills can be as high as $5,939, which falls in the 90th percentile. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the rates in Star Prairie can lead to significant annual expenses for homeowners. Understanding these factors is crucial for homeowners to manage their finances and plan for future property-related costs.
Average Star Prairie Tax Bill
$3,347
Average Polk County Tax Bill
$2,629
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Star Prairie, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54026 | $968 | $2,227 | $3,347 | $4,581 | $5,939 |
Source: Ownwell