Sheldon, Wisconsin Property Taxes
The median property tax rate in Sheldon, WI is 1.37%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Sheldon at $79,950, the typical annual property tax bill reaches $1,095, which is lower than the national median of $2,690. Property taxes in Sheldon are calculated based on the tax assessed value, typically falling below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sheldon'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 Sheldon 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
Sheldon, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Sheldon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sheldon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sheldon 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 Sheldon, Wisconsin
Property taxes in Sheldon, Wisconsin, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sheldon is 1.37%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Sheldon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sheldon 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 Sheldon's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54766 zip code has the highest median property tax rate of 1.37%, while the same 54766 zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Sheldon 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 Sheldon Tax Rate
1.37%
Average Taylor County Tax Rate
1.43%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sheldon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54766 | 1.00% | 1.22% | 1.37% | 1.51% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Sheldon, Wisconsin
In Sheldon, 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 Sheldon, 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 Sheldon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Sheldon is $1,095, both found in the zip code 54766.
Average Sheldon Assessed Value
$79,950
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 Sheldon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54766 | $23,400 | $47,375 | $79,950 | $120,450 | $174,600 |
Source: Ownwell
Property Tax Bills Across Sheldon, Wisconsin
In Sheldon, located in Taylor County, WI, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in Sheldon is $79,950, and homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is $582, while the 75th percentile reaches $1,686, and the 90th percentile can be as high as $2,543. The local tax rate in Sheldon influences these amounts, and it is essential to note that this rate can be higher or lower than the national median property tax rate of 0.99%. Factors such as the local government's budgetary needs, school funding, and public services contribute to the tax rate, directly impacting homeowners' tax bills. For instance, the highest median tax bill recorded in the area is $1,095 in the 54766 zip code. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Sheldon Tax Bill
$1,095
Average Taylor County Tax Bill
$1,816
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Sheldon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54766 | $279 | $582 | $1,095 | $1,686 | $2,543 |
Source: Ownwell