Randolph, Wisconsin Property Taxes
The median property tax rate in Randolph, WI is 1.29%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Randolph, the typical annual property tax bill is $1,821, falling below the national median of $2,690. Property taxes in Randolph are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Randolph'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 Randolph 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
Randolph, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,824
Ownwell’s Randolph Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Randolph with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Randolph 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 Randolph, Wisconsin
Property taxes in Randolph, WI, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Randolph is 1.29%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Randolph set these rates annually, and they can vary significantly across different neighborhoods. Each year, Randolph 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 Randolph's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53956 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 Randolph provides valuable insights into the varying tax landscape across Green Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Randolph Tax Rate
1.29%
Average Green Lake County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Randolph, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53956 | 1.19% | 1.25% | 1.29% | 1.33% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Randolph, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Randolph, Wisconsin. 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 Green Lake 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 Randolph, 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 Randolph helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1821 in the 53956 zip code.
Average Randolph Assessed Value
$141,412
Average Green Lake County Assessed Value
$141,945
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Randolph, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53956 | $88,365 | $117,510 | $141,412 | $199,241 | $236,863 |
Source: Ownwell
Property Tax Bills Across Randolph, Wisconsin
In Randolph, Green Lake County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Randolph can expect tax bills that vary significantly depending on the value of their property. For instance, the 25th percentile tax bill is around $1,494, while the 75th percentile tax bill is approximately $2,714, and the 90th percentile tax bill can reach up to $3,571. These tax bills are influenced by several factors, including property size, location, and any improvements made to the property. Compared to the national median property tax rate of 0.99%, Randolph's rates can be higher, reflecting the specific needs and budgets of the local community. This can have a substantial impact on homeowners, influencing decisions on property purchases and renovations. Understanding these factors can help residents better anticipate their annual property tax obligations.
Average Randolph Tax Bill
$1,821
Average Green Lake County Tax Bill
$2,317
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Randolph, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53956 | $1,048 | $1,494 | $1,821 | $2,714 | $3,571 |
Source: Ownwell