Waldo, Wisconsin Property Taxes
The median property tax rate in Waldo, WI is 1.51%, which is considerably higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With the median home value in Waldo at $229,250, the typical annual property tax bill reaches $3,656, significantly exceeding the national median of $2,690. Property taxes in Waldo 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 Waldo'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 Waldo 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
Waldo, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$3,462
$3,212
Ownwell’s Waldo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waldo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waldo 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 Waldo, Wisconsin
Property taxes in Waldo, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waldo is 1.51%, significantly higher than the U.S. national median of 0.99%. Local government entities within Waldo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waldo 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 Waldo's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 53093 has the highest median property tax rate of 1.51%, while the same zip code also holds the lowest median tax rate of 1.51%. Understanding how these figures compare with Waldo 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 Waldo Tax Rate
1.51%
Average Sheboygan County Tax Rate
1.82%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waldo, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53093 | 1.38% | 1.46% | 1.51% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Waldo, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Waldo, 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 local 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. 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. In Waldo, the median home price stands at $229,250, with property tax bills ranging from $2,889 at the 25th percentile to $5,772 at the 90th percentile. The zip code 53093 has both the highest and lowest median tax bill at $3,656. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage their tax burden.
Average Waldo Assessed Value
$229,250
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 Waldo, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53093 | $132,330 | $178,725 | $229,250 | $292,650 | $382,090 |
Source: Ownwell
Property Tax Bills Across Waldo, Wisconsin
In Waldo, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and condition. The median home price in Waldo is $229,250, and the tax bills can vary significantly. For instance, homeowners in the 25th percentile pay around $2,889, while those in the 75th percentile face bills near $4,491. At the 90th percentile, tax bills can reach up to $5,772. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting homeowners by contributing to community well-being. Compared to the national median property tax rate of 0.99%, Waldo's property taxes reflect the area's specific economic and market conditions, ensuring that local needs and services are adequately supported.
Average Waldo Tax Bill
$3,656
Average Sheboygan County Tax Bill
$3,209
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Waldo, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53093 | $2,314 | $2,889 | $3,656 | $4,491 | $5,772 |
Source: Ownwell