Stanley, Taylor County, Wisconsin Property Taxes
The median property tax rate in Stanley, WI is 1.25%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $122,950, the typical annual property tax bill in Stanley reaches $1,520, falling below the national median of $2,690. Property taxes in Stanley are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Stanley'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 Stanley 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
Stanley, Taylor County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$1,537
$1,426
Ownwell’s Stanley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanley 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 Stanley, Taylor County, Wisconsin
Property taxes in Stanley, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanley is 1.25%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Stanley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanley 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 Stanley's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54768 zip code has both the highest and lowest median property tax rate of 1.25%. Understanding how these cities compare with Stanley provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanley Tax Rate
1.25%
Average Taylor County Tax Rate
1.43%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanley, Taylor County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54768 | 0.90% | 1.14% | 1.25% | 1.34% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Stanley, Taylor County, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Stanley, WI. 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 Taylor 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 Stanley, 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. The median home price in Stanley is $122,950, with tax bills ranging from $996 at the 25th percentile to $4,282 at the 90th percentile. The zip code 54768 has the highest and lowest median tax bill of $1,520. Being aware of these valuation processes in Stanley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Stanley, Taylor County, Wisconsin
Source: Ownwell
$79,950
$110,725
$141,500
Average Stanley Assessed Value
$122,950
Average Taylor County Assessed Value
$122,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanley, Taylor County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54768 | $45,650 | $89,475 | $122,950 | $200,725 | $286,790 |
Source: Ownwell
Property Tax Bills Across Stanley, Taylor County, Wisconsin
In Stanley, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. Stanley falls within Taylor County, where the median home price is $122,950. The property tax rate in Stanley is influenced by various factors, including local government budgets, school funding, and public services. Homeowners in Stanley can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $996, while the 75th percentile tax bill reaches approximately $2,641. At the higher end, the 90th percentile tax bill can be as much as $4,282. These tax bills impact homeowners by contributing to the cost of homeownership. Comparing to the national median property tax rate of 0.99%, Stanley's property tax bills can be considered moderate. Understanding these factors helps homeowners anticipate and manage their annual property tax expenses.
Average Stanley Tax Bill
$1,520
Average Taylor County Tax Bill
$1,816
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanley, Taylor County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54768 | $421 | $996 | $1,520 | $2,641 | $4,282 |
Source: Ownwell