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How Wisconsin's Property Tax Works

https://smartasset.com/taxes/wisconsin-property-tax-calculator

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Property taxes in Wisconsin are due in two annual installments, the first by January 31 and the second by July 31. Taxes are based on two key numbers: the assessed value of a property, and the total property tax rate.

Assessed value is calculated annually by local assessors in each tax district. While assessed value should be roughly equal to market value (the amount for which a home would actually sell), in some areas it varies by over 25%. For this reason, the state of Wisconsin annually equalizes values between districts, and calculates an assessment ratio for each district.

The assessment ratio can help homeowners determine if their home has been accurately assessed. For example, if your home’s assessed value is $100,000, and your assessment ratio is 0.80, your market value should be about $125,000 (that’s $100,000 divided by 0.80). If you believe your home has been incorrectly assessed, you can file an appeal with your local Board of Review (or Board of Assessors, in Milwaukee).

There are several types of tax credits that many homeowners in Wisconsin receive. The most common is the school levy tax credit. This credit is given to anyone who pays property taxes and is based on their school district levy as well as the value of their home. Another common credit is the lottery and gaming credit, which is given to Wisconsin homeowners living in a primary residence.

Wisconsin Property Tax Rates

The rates paid by homeowners in Wisconsin vary depending on where they live. Cities, towns, municipalities and school districts all levy separate taxes with their own rates. Rates are calculated based on the total levy (the revenue a tax district would like to generate) divided by the total assessed value in the district.

So, to use a simple example, if a district’s levy is $1,000 and the total of assessed value in the district is $100,000, the rate would be .01, or 1%. In 2013, the Wisconsin legislature passed a law that limits any increases in total levies. Tax districts can only increase a levy by a public vote, when there is new construction or in a few other special circumstances.

Tax rates in Wisconsin are typically expressed in dollars of taxes per thousand of assessed value. Since assessed values vary on similar property between one taxation district and the next, rates in different areas are not necessarily comparable.

Instead, effective rates can be used to make direct comparisons. An effective property tax rate is the annual property tax payment as a percentage of home value.

Tax payments for the 2023 tax year payable in 2024 can be paid by cash, check, or debit/credit card*.

Please make checks payable to: Village of Lomira Treasurer

425 Water Street

Lomira, WI 53048

*Debit/credit payments are processed by The Payment Group and can be made online at www.villageoflomira.gov/taxes or at the Clerk’s office. TPG charges a convenience fee for their card service, which will be added to the total amount due.

 

WHERE TO PAY:

 

MAIL: Please enclose the proper portion of the bottom of your tax bill with payment. Please include a self-addressed stamped envelope to have a receipt mailed to you OR

 

OUTSIDE DROP-BOX: The dropbox is near the front entrance of the municipal building located at 425 Water Street, Lomira. Please enclose the proper portion with payment from the bottom of your tax bill. Please include a self-addressed stamped envelope to have a receipt mailed to you OR

 

IN PERSON: Payments can be brought to the Clerk’s office at the municipal building located at 425 Water Street during office hours

 

ONLINE: Debit/credit card payments are processed by The Payment Group and can be made online at HERE only through January 31st or at the Clerk’s office M-F 8am-4pm only through January 31st.

 

 

For payments made by mail, the receipts are TIMELY if they bear a POSTMARK on or prior to December 31st or January 31st. Anything after the 31st postmark will be credited the next business day, and in the case of January 31st, are delinquent, which will mean additional interest and penalties added to the total amount due. If you have a special assessment or delinquent utility charge added to your bill, it must be paid by January 31. PERSONAL PROPERTY tax bills (businesses only) must be PAID IN FULL BY JANUARY 31st.

 

 

All escrow tax refunds will be mailed to the taxpayer within 10 business days from receipt of the payment. Please remember to sign your escrow check before mailing it to the Village.

Copies of the tax bill can be found on the "Search Property Information" button above or contact the Clerk's office to request a copy by email.

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