Sharon, Walworth County, Wisconsin Property Taxes
Median SHARON, WI effective property tax rate: 2.05%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median SHARON, WI home value: $163,882
Median annual SHARON, WI tax bill: $3,262, $862 higher than the national median property tax bill of $2,400.
How are property taxes in Walworth calculated?
Property taxes in SHARON, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding SHARON’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in SHARON, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sharon, Walworth County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.05%
Estimate Property Tax Bill
$3,360
$3,118
Property Tax Rates Across Sharon, Walworth County, Wisconsin
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Sharon, located in Walworth County, property owners face a significant property tax rate of 2.05%. This rate is notably higher than the national median property tax rate of 1.02%. The median property tax bill in Sharon also surpasses the national median of $2,400, reflecting the area's higher tax rate. When comparing Sharon's effective property tax rate to other cities in Wisconsin, it stands out as one of the highest in the state. This higher rate can significantly impact homeowners' annual expenses, making it crucial for property owners to explore potential tax appeal and exemption opportunities. Understanding these local tax dynamics is essential for homeowners seeking to manage their property tax liabilities effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Sharon Tax Rate
2.05%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Walworth County Tax Rate
1.30%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sharon, Walworth County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53585 | 1.43% | 1.77% | 2.05% | 2.13% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Sharon, Walworth County, Wisconsin
When examining property taxes in Sharon, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Walworth County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Walworth County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Sharon. For example, the median home price in Sharon is $163,882, with tax bills ranging significantly across the county. Zip code 53585 has the highest median home price at $163,882.
Property Tax Assessment Values Across Sharon, Walworth County, Wisconsin
Source: Ownwell
$163,882
$315,617
$467,352
Median Sharon Market Value
$163,882
Median Walworth County Market Value
$260,578
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sharon, Walworth County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53585 | $103,135 | $131,965 | $163,882 | $206,478 | $266,316 |
Source: Ownwell
Property Tax Bills Across Sharon, Walworth County, Wisconsin
In Sharon, property tax bills are calculated based on the assessed value of a home, which is determined by the Walworth County assessor's office. This assessed value is then multiplied by the local tax rate to determine the tax bill. The median home price in Sharon stands at $163,882, and the typical property tax bill is significantly higher than the national median, with the 25th percentile at $2,583 and the 75th percentile reaching $4,069. The highest median tax bill in the area is $3,262. These figures highlight the financial impact on homeowners, as property taxes in Sharon can be a substantial annual expense.
Ownwell can assist homeowners in Sharon by reviewing their property assessments and identifying opportunities for tax savings. By appealing inaccurate assessments or applying for exemptions, Ownwell helps ensure that homeowners are not overpaying on their property taxes. This service not only provides potential savings but also offers peace of mind, knowing that their property tax obligations are accurate and fair.
Median Sharon Tax Bill
$3,262
Median Walworth County Tax Bill
$3,583
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Sharon, Walworth County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53585 | $2,019 | $2,583 | $3,262 | $4,069 | $5,004 |
Source: Ownwell