Random Lake, Sheboygan County, Wisconsin Property Taxes
The median property tax rate in Random Lake, WI is 1.91%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Random Lake at $218,300, the typical annual property tax bill reaches $3,899, exceeding the national median of $2,690. Property taxes in Random Lake are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Random Lake'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 Random Lake or another part of Sheboygan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Random Lake, Sheboygan County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$4,170
$3,869
Ownwell’s Random Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Random Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Random Lake 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 Random Lake, Sheboygan County, Wisconsin
Property taxes in Random Lake, WI, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Random Lake is 1.91%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Random Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Random Lake 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 Random Lake's effective property tax rate to other counties in Wisconsin and the national median. For comparison, Random Lake, within zip code 53075, has both the highest and lowest median property tax rate of 1.91%. Understanding how these cities compare with Random Lake provides valuable insights into the varying tax landscape across Sheboygan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Random Lake Tax Rate
1.91%
Average Sheboygan County Tax Rate
1.82%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Random Lake, Sheboygan County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53075 | 1.59% | 1.63% | 1.91% | 1.91% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Random Lake, Sheboygan County, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Random Lake, 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 Sheboygan 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 Random Lake, 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 Random Lake 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 $3,899 in zip code 53075, reflecting a consistent tax landscape.
Property Tax Assessment Values Across Random Lake, Sheboygan County, Wisconsin
Source: Ownwell
$70,300
$173,250
$276,200
Average Random Lake Assessed Value
$218,300
Average Sheboygan County Assessed Value
$188,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Random Lake, Sheboygan County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53075 | $144,410 | $178,350 | $218,300 | $285,950 | $377,870 |
Source: Ownwell
Property Tax Bills Across Random Lake, Sheboygan County, Wisconsin
In Random Lake, Sheboygan County, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. Once the assessed value is established, it is multiplied by the tax rate set by local authorities to calculate the annual tax bill. Several factors influence the property tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. For example, the median home price in Random Lake is $218,300, and the tax bill can range significantly. Homeowners at the 25th percentile pay around $3,179, while those at the 75th percentile see bills near $4,866. The highest tax bills can reach up to $6,681 for the 90th percentile. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. However, they can also be a significant financial burden for homeowners, especially when compared to the national median property tax rate of 0.99%.
Average Random Lake Tax Bill
$3,899
Average Sheboygan County Tax Bill
$3,209
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Random Lake, Sheboygan County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53075 | $2,551 | $3,179 | $3,899 | $4,866 | $6,681 |
Source: Ownwell