The Town of Stockton contracts with Pauls and Associates, Inc. to assess the property and personal property of all parcels in the Town of Stockton. If you have a question about the assessed value of your property, please contact them at (715) 848-9300.
The Mill Rate
The property tax rate is often given as a percentage. It may also be expressed as a per mil (amount of tax per thousand dollars of property value), which is also known as a millage rate or mill is also one-thousandth of a dollar.) To calculate the property tax, the authority will multiply the assessed value of the property by the mill rate and then divide by 1,000. Mill rates can vary within a municipality based on the taxing authorities that apply to individual properties, such as public school districts or technical college districts.
For example, a property with an assessed value of $50,000 located in the Town of Stockton (School District - Stevens Point) with a mill rate of $16.96 mills would have a property tax bill of $848.00 per year.
Your Property tax dollar is split up between the State, Portage County, the Town of Stockton, the Public and Vocational School Districts your property is located in.
Board of Review and Open Book
Each summer the town holds an "Open Book" and Board of Review sessions for residents to ask questions about the valuation of their property. Watch the Town newsletter for the date and time of the next session or call the Town Clerk.
Tax bills are calculated and mailed in December of each year. Payments are to be made directly to the Portage County Treasurer. The Town of Stockton does not accept payment of property tax bills.
Town of Stockton Property Revaluation Process
Wisconsin has an annual property assessment. This means that each year’s assessment is a new assessment. The assessor is not obligated to keep the same assessment each year. The assessor may change an assessment because of building permits or sales activity even if he or she did not inspect the property. Per state law (sec 70.05(5)(b), Wis.Stats.), each municipality must assess or revalue all major classes of property within 10 percent of full value in the same year, at least once within a five-year period. A 'major class' of property is defined as a property class that includes more than 10 percent of the full value of the taxation district. The Town of Stockton is at the point in which we are required by law to perform a reassessment/revaluation of property.
The law requires that property be valued from actual view or from the best information that can be practicably obtained. An interior inspection results in a better-quality assessment; however, it is not always possible to conduct interior inspections. To ensure receiving a complete and accurate valuation, it benefits the property owner to provide interior viewing access of their residence. For the purposes of valuation if access is denied, the assessor will then base the valuation on the next best information available.
When performing annual assessments based on fair market value, for example, assessments cannot merely be carried over from year to year without regard to market influences. Property values are continually changing, and the values do not change at the same rate for all properties. Without changes in the assessments, inequities will soon develop. When inequities happen, some property owners are paying more than their fair share of the property taxes and some are paying less. A complete reassessment or revaluation may be the only remedy. Most property owners are willing to pay the expenses of a revaluation to be assured that all are paying their fair share of property taxes. Property owners fear that taxes will go up if a revaluation is done. This may or may not be the case. Taxes are directly tied to the amount of money that the municipality needs to collect. This is called the levy. If the total levy remains the same, only those properties that are not presently paying their fair share of the tax burden will pay more taxes after a revaluation. Properties presently paying more than their fair share will pay less.
We expect that the revaluation process will take quite some time to complete. Once completed, if you have questions or comments regarding your property assessment, please contact the Town contracted Assessor Mr. Todd Pauls. His office number is (715) 848-9300.
PORTAGE COUNTY REAL ESTATE TAXES ARE DUE
The Town of Stockton does not accept property tax payments.
******************************* MAIL TAX PAYMENTS TO:
PORTAGE COUNTY TREASURER 1516 CHURCH STREET STEVENS POINT WI 54481
2nd installment due by July 31st, 2020
Po Co Treasurer's Office Hours - 7:30 AM – 4:30 p.m. M-F
Postmarks are accepted ************************************ Pay your taxes with a credit card or e-check by calling (877)-782-4828 or by visiting: www.co.portage.wi.us
Visa debit card $3.95 fee Credit cards and all other types of debit cards 2.39% E-check fee $1.50
Please call the Portage County Treasurer’s Office at (715) 346-1348 with any questions
Did you ever wonder how Stockton measures up in comparison to other local municipalities?
Below are a few of our surrounding municipalities and their 2015 mill rates. The mill rate is the amount of tax payable per dollar of the assessed value of a property. The mill rate is based on "mills"; as each mill is one-thousandth of a currency unit; one mill is equivalent to one-tenth of a cent or $0.001.
The overall mill rate is comprised of mill rates associated with the state, county, local, school district, and vocational school district mill rates.
The portion of your property taxes that actually ends up in our local Town of Stockton is a very small amount of the overall portion of your tax bill. In the example below, this is what you would have if you lived in the Town of Stockton, Tomorrow River & Mid-State Technical School District.
