Sheboygan Falls, Wisconsin Property Taxes
The median property tax rate in Sheboygan Falls, WI is 1.82%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Sheboygan Falls at $201,100, the typical annual property tax bill reaches $3,397, exceeding the national median of $2,690. Property taxes in Sheboygan Falls 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 Sheboygan Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sheboygan Falls 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
Sheboygan Falls, 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 Sheboygan Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sheboygan Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sheboygan Falls 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 Sheboygan Falls, Wisconsin
Property taxes in Sheboygan Falls, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sheboygan Falls is 1.82%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Sheboygan Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sheboygan Falls 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 Sheboygan Falls' effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53085 zip code has the highest median property tax rate of 1.82%, while the same zip code also has the lowest median tax rate of 1.82%. Understanding how these cities compare with Sheboygan Falls 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 Sheboygan Falls Tax Rate
1.82%
Average Sheboygan County Tax Rate
1.82%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sheboygan Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53085 | 1.44% | 1.50% | 1.82% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Sheboygan Falls, Wisconsin
In Sheboygan Falls, 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 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 Sheboygan Falls, 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. The median home price in Sheboygan Falls is $201,100, with tax bills ranging from $2,720 at the 25th percentile to $5,987 at the 90th percentile. The highest and lowest median tax bills are both $3,397, found in the 53085 zip code. 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 Sheboygan Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Sheboygan Falls, Wisconsin
Source: Ownwell
$70,300
$266,125
$461,950
Average Sheboygan Falls Assessed Value
$201,100
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 Sheboygan Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53085 | $116,300 | $154,625 | $201,100 | $270,000 | $355,470 |
Source: Ownwell
Property Tax Bills Across Sheboygan Falls, Wisconsin
In Sheboygan Falls, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the city's assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, in Sheboygan County, the median home price is $201,100, and homeowners typically see tax bills ranging from $2,720 at the 25th percentile to $4,559 at the 75th percentile. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Sheboygan Falls may find that their tax bills can significantly impact their annual budgeting, especially when compared to the national median property tax rate of 0.99%. With tax bills in Sheboygan County reaching up to $5,987 at the 90th percentile, understanding these calculations is crucial for financial planning and property investment decisions.
Average Sheboygan Falls Tax Bill
$3,397
Average Sheboygan County Tax Bill
$3,209
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Sheboygan Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53085 | $2,142 | $2,720 | $3,397 | $4,559 | $5,987 |
Source: Ownwell