Eldorado, Wisconsin Property Taxes
The median property tax rate in El Dorado, WI is 1.30%, which is higher than both the national median of 0.99% and Wisconsin's state median of 1.58%. With the median home value in El Dorado at $221,651, the typical annual property tax bill reaches $2,851, surpassing the national median of $2,690. Property taxes in El Dorado are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding El Dorado'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 El Dorado 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
Eldorado, 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 Eldorado Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Eldorado with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Eldorado to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Eldorado, Wisconsin
Property taxes in El Dorado, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in El Dorado is 1.30%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within El Dorado set these rates annually, and they can vary significantly across different neighborhoods. Each year, El Dorado 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 El Dorado's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54932 has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with El Dorado provides valuable insights into the varying tax landscape across Fond du Lac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eldorado Tax Rate
1.30%
Average Fond Du Lac County Tax Rate
1.74%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eldorado, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54932 | 1.21% | 1.29% | 1.30% | 1.32% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Eldorado, Wisconsin
In Eldorado, 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 Fond du Lac 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 Eldorado, 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 Eldorado helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Eldorado is $221,651 with tax bills ranging significantly; the 25th percentile tax bill is $2,202, while the 75th percentile tax bill is $3,814. The highest and lowest median tax bills are both $2,851 in the 54932 zip code.
Average Eldorado Assessed Value
$221,651
Average Fond Du Lac County Assessed Value
$166,996
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eldorado, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54932 | $81,713 | $173,485 | $221,651 | $290,413 | $376,175 |
Source: Ownwell
Property Tax Bills Across Eldorado, Wisconsin
In Eldorado, located in Fond du Lac County, WI, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors and reflects the market value of the property. Tax rates are then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property’s location, size, and any improvements made. For homeowners in Eldorado, the median home price is $221,651. Property tax bills can vary significantly, with the 25th percentile at $2,202 and the 75th percentile at $3,814. At the higher end, the 90th percentile tax bill reaches $4,803. Comparing these figures to the national median property tax rate of 0.99%, Eldorado's property taxes can be seen as relatively moderate. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting homeowners by contributing to the overall quality of life in the community.
Average Eldorado Tax Bill
$2,851
Average Fond Du Lac County Tax Bill
$2,722
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Eldorado, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54932 | $1,056 | $2,202 | $2,851 | $3,814 | $4,803 |
Source: Ownwell