Stetsonville, Wisconsin Property Taxes
The median property tax rate in Stetsonville, WI is 1.35%, 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 $116,900, the typical annual property tax bill in Stetsonville amounts to $1,590, falling below the national median of $2,690. Property taxes in Stetsonville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Stetsonville'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 Stetsonville or another part of Taylor County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stetsonville, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,578
Ownwell's Stetsonville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stetsonville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Stetsonville to provide an accurate property tax bill estimate. This valuable tool helps you understand potential tax liabilities with ease. If you're curious about trends on a neighborhood level, scroll down for more localized information. Your property's assessed value is the value assigned by Taylor County for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Stetsonville, Wisconsin
Property taxes in Stetsonville, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stetsonville is 1.35%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Stetsonville set these rates annually, and they can vary across different neighborhoods. Each year, Stetsonville 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 Stetsonville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54480 zip code has both the highest and lowest median property tax rate of 1.35%. Understanding how these areas compare with Stetsonville 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 Stetsonville Tax Rate
1.35%
Average Taylor County Tax Rate
1.43%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stetsonville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54480 | 1.21% | 1.29% | 1.35% | 1.41% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Stetsonville, Wisconsin
In Stetsonville, 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 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 Stetsonville, 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 Stetsonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $116,900, with tax bills ranging from $1,093 at the 25th percentile to $2,891 at the 90th percentile. The zip code 54480 has the highest and lowest median tax bill at $1,590.
Average Stetsonville Assessed Value
$116,900
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 Stetsonville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54480 | $34,360 | $83,000 | $116,900 | $156,250 | $202,280 |
Source: Ownwell
Property Tax Bills Across Stetsonville, Wisconsin
In Stetsonville, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Taylor County. The assessed value is determined by the county assessor and reflects the market value of the property. For instance, the median home price in Stetsonville is $116,900. Homeowners in the 25th percentile can expect to pay around $1,093 in property taxes, while those in the 75th percentile may see bills as high as $2,183. Several factors influence these tax bills, including property size, location, and any improvements made to the home. Additionally, local government budgets for services like schools, infrastructure, and emergency services play a significant role in setting tax rates. For homeowners, understanding these factors is crucial, as property taxes can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, Stetsonville's rates can vary, making it essential for homeowners to be aware of how their tax bill is determined.
Average Stetsonville Tax Bill
$1,590
Average Taylor County Tax Bill
$1,816
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Stetsonville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54480 | $382 | $1,093 | $1,590 | $2,183 | $2,891 |
Source: Ownwell