Example of Fond Du Lac County Property Tax Calculation
Fond Du Lac County calculates property tax by determining the assessed value of the property and multiplying it by the mill rate for that specific taxing district. The assessed value is determined by the county assessor who evaluates the property's characteristics and compares it to similar properties in the area. The mill rate is the amount of tax per $1,000 of assessed value that is set by each taxing district.
For example, if a property in Fond Du Lac County has an assessed value of $100,000 and the mill rate for its taxing district is 20, the property tax calculation would be as follows:
Assessed value: $100,000 Mill rate: 20 Property tax = (Assessed value / 1,000) x Mill rate Property tax = ($100,000 / 1,000) x 20 Property tax = $2,000
Therefore, the property owner would owe $2,000 in property taxes for the year. It is important to note that property tax rates and assessments can vary by location and can change from year to year.
If you want appeal your property tax assessment - contact your local tax assessor.
Fond Du Lac County Property Tax Rates
The Fond Du Lac County Property Tax rates for the year 2021 are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General County | $2.77 |
| Technical College | $0.26 |
| Municipalities | Varies by location |
It is important to note that the municipal tax rates vary depending on the specific location within the county. Property owners should contact their local municipality for more information regarding their specific tax rates.
Who sets property tax rates in Fond Du Lac County ?
The property tax rates in Fond Du Lac County are set by multiple entities at different times throughout the year. Here is a breakdown:
| Entity | Timeframe | Role |
|---|---|---|
| Fond Du Lac County Board of Supervisors | November/December | Sets the overall budget for the county, which includes property tax revenue |
| Fond Du Lac County Treasurer | January | Calculates the tax levy, or the amount of money needed from property taxes to meet the budget |
| Wisconsin Department of Revenue | March/April | Reviews and approves the tax levy |
| Individual municipalities within the county | June/July | Set their own tax rates based on the amount of money needed to meet their budgets |
Ultimately, the property tax rates for Fond Du Lac County are a result of a collaborative effort between these entities in order to provide necessary funding for services and amenities within the community.
Homestead exemptions in Fond Du Lac County ?
To better understand the Homestead exemptions and deductions available in Fond Du Lac County, Wisconsin, a table can be created with the following columns:
| Column | Description |
|---|---|
| Exemption | The type of exemption or deduction available for Homestead owners. |
| Eligibility | The requirements a homeowner must meet to qualify for the exemption. |
| Amount | The monetary value of the exemption or deduction. |
| Notes | Any additional information about the exemption or deduction. |
With these columns in mind, the following table provides an overview of the Homestead exemptions and deductions specific to Fond Du Lac County:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Credit | Must own a home in Wisconsin on Jan 1st | Up to $1,168 | Income limits apply |
| School Levy Tax Credit | Must own a home in Wisconsin on Jan 1st | Up to $1,000 or 68% of levy | Income limits apply |
| Veterans Exemption | Veteran or surviving spouse of a veteran | Up to $1,000 | Must have served during wartime and must have honorable discharge |
| Disabled Veterans Exemption | Disabled veteran or surviving spouse | Varies | Must be rated at least 70% disabled, must have served during wartime, and must have honorable discharge |
| Agricultural Land Exemption | Own or lease agricultural land | Varies | Land must be used primarily for agricultural purposes |
| Forest Land Exemption | Own or lease forest land | Varies | Land must be used primarily for the growth and harvest of trees |
| Manufacturing Property Exemption | Own property used for manufacturing | Varies | Property must be used for manufacturing or commercial production |
It is important to note that while the above table provides an overview of the Homestead exemptions and deductions available in Fond Du Lac County, there may be additional requirements or limitations for each exemption or deduction. Homeowners are encouraged to contact their local assessor's office for more information and assistance in determining eligibility.
When is Fond Du Lac County Property Tax due ?
Fond Du Lac County Property Tax is typically due on January 31st each year. However, if the due date falls on a weekend or a holiday, the payment is due on the next business day.
There are several payment methods available for Fond Du Lac County Property Tax:
- In-person: Payments can be made in person at the Fond Du Lac County Treasurer's Office during regular business hours.
- Mail: Payments can be mailed to the Fond Du Lac County Treasurer's Office. The address is provided on the tax bill.
- Online: Payments can be made online through the county's payment portal. This option allows for payment with a credit card, debit card, or e-check.
It is important to note that payments made after the due date will incur interest and penalty fees. Therefore, it is recommended that property owners make their tax payments on time to avoid these additional charges.
If you have more questions - contact your local tax collector.
How is Fond Du Lac County Property Tax penalty calculated ?
Fond Du Lac County Property Tax Penalty Calculation
Fond Du Lac County imposes a penalty on property tax payments that are not made on time. The penalty is calculated based on the amount of unpaid taxes and the number of days the payment is late.
The penalty rate is determined by the State of Wisconsin and it is 0.5% per month of the unpaid amount, with a maximum of 12% per year. The penalty is calculated from the due date of the tax payment until it is paid in full.
Example:
Let's say that a property owner in Fond Du Lac County owes $1,000 in property taxes for the year 2020. The due date for the payment is January 31, 2021.
If the property owner misses the due date and pays the entire amount on March 15, 2021, the penalty will be calculated as follows:
- Number of days late: 44 days (February has 28 days and March has 15 days)
- Monthly penalty rate: 0.5%
- Unpaid amount: $1,000
- Penalty amount: $22 ($1,000 x 0.5% x 2 months)
Therefore, the total amount the property owner would owe is $1,022 ($1,000 in taxes plus $22 in penalties).
To avoid penalties, it is important to make property tax payments on time. Property owners in Fond Du Lac County can pay their property taxes online, by mail or in person at the Treasurer's Office. If you have any questions about property tax payments or penalties, you can contact the Treasurer's Office for assistance.
We recommend contacting the Fond Du Lac County Tax Office or a local tax professional for the most up-to-date and accurate information.