Stoddard, Vernon County, Wisconsin Property Taxes
The median property tax rate in Stoddard, WI is 1.29%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Stoddard at $218,600, the typical annual property tax bill reaches $2,855, exceeding the national median of $2,690. Property taxes in Stoddard are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stoddard'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 Stoddard or another part of Vernon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stoddard, Vernon County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$2,820
$2,617
Ownwell’s Stoddard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stoddard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stoddard 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 Stoddard, Vernon County, Wisconsin
Property taxes in Stoddard, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stoddard is 1.29%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Stoddard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stoddard 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 Stoddard's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54658 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Stoddard provides valuable insights into the varying tax landscape across Vernon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stoddard Tax Rate
1.29%
Average Vernon County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stoddard, Vernon County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54658 | 1.20% | 1.24% | 1.29% | 1.37% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Stoddard, Vernon County, Wisconsin
In Stoddard, 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 Vernon 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 Stoddard, 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 Stoddard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,855 in zip code 54658, while the lowest is also $2,855 in the same zip code.
Property Tax Assessment Values Across Stoddard, Vernon County, Wisconsin
Source: Ownwell
$104,150
$161,375
$218,600
Average Stoddard Assessed Value
$218,600
Average Vernon County Assessed Value
$157,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stoddard, Vernon County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54658 | $95,240 | $165,550 | $218,600 | $289,100 | $361,420 |
Source: Ownwell
Property Tax Bills Across Stoddard, Vernon County, Wisconsin
In Stoddard, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. For instance, with a median home price of $218,600, homeowners can expect their property tax to align with the local rate, which is influenced by various factors such as school district funding, public services, and infrastructure needs. The tax bill can vary significantly, with the 25th percentile at $2,137 and the 75th percentile reaching $3,786, illustrating the range of property values and corresponding taxes within the area. The highest median tax bill in the region is $2,855, found in the zip code 54658, which also represents the lowest median tax bill, indicating a uniform tax rate across different property values within that zip code. Compared to the national median property tax rate of 0.99%, Stoddard's property tax rates reflect the local economic conditions and public service requirements. These taxes directly impact homeowners by influencing their annual budgeting and long-term financial planning, making it essential to understand how these bills are calculated and what factors are at play.
Average Stoddard Tax Bill
$2,855
Average Vernon County Tax Bill
$2,337
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Stoddard, Vernon County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54658 | $1,219 | $2,137 | $2,855 | $3,786 | $4,818 |
Source: Ownwell