Star Prairie, Wisconsin Property Taxes
The median property tax rate in Star Prairie, WI is 1.32%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Star Prairie, the typical annual property tax bill reaches $2,924, exceeding 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, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$2,937
$2,725
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, Wisconsin
Property taxes in Star Prairie, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Star Prairie is 1.32%, significantly higher than both the Wisconsin state median 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 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these areas compare with Star Prairie provides valuable insights into the varying tax landscape across St. Croix County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Star Prairie Tax Rate
1.32%
Average St. Croix County Tax Rate
1.50%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Star Prairie, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54026 | 1.25% | 1.28% | 1.32% | 1.38% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Star Prairie, 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 St. Croix County Assessor 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. For instance, the median home price in STAR PRAIRIE is $222,500, with tax bills ranging from $2,427 at the 25th percentile to $4,840 at the 90th percentile. 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.
Property Tax Assessment Values Across Star Prairie, Wisconsin
Source: Ownwell
$151,900
$284,225
$416,550
Average Star Prairie Assessed Value
$222,500
Average St. Croix County Assessed Value
$270,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Star Prairie, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54026 | $141,000 | $185,800 | $222,500 | $269,200 | $349,200 |
Source: Ownwell
Property Tax Bills Across Star Prairie, Wisconsin
In Star Prairie, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The median home price in this area is $222,500. Property taxes are determined by multiplying the assessed value by the local tax rate, which can vary depending on various factors such as school district funding, municipal services, and county-level expenditures. For instance, the tax bill for the 25th percentile is $2,427, while for the 75th percentile, it rises to $3,656, and for the 90th percentile, it reaches $4,840. Comparatively, the national median property tax rate is 0.99%, which shows that Star Prairie's property tax bills can be relatively high. The highest and lowest median tax bills in the region are both $2,924, indicating a consistent tax rate across different zip codes. For homeowners, this means that the amount they pay in property taxes can significantly impact their annual budget, especially when compared to national averages.
Average Star Prairie Tax Bill
$2,924
Average St. Croix County Tax Bill
$3,981
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Star Prairie, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54026 | $1,812 | $2,427 | $2,924 | $3,656 | $4,840 |
Source: Ownwell