Friendship, Wisconsin Property Taxes
The median property tax rate in Friendship, WI is 1.25%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Friendship, the typical annual property tax bill reaches $1,504, which is below the national median of $2,690. Property taxes in Friendship are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Friendship'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 Friendship 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
Friendship, 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 Friendship Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Friendship with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Friendship 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 Friendship, Wisconsin
Property taxes in Friendship, Wisconsin, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Friendship is 1.25%, which is higher than the U.S. national median of 0.99%. Local government entities within Friendship set these rates annually, and they can vary significantly across different neighborhoods. Each year, Friendship 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 Friendship's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the area with the highest median property tax rate in Adams County has a rate of 1.25%, while the area with the lowest median tax rate also stands at 1.25%. Understanding how these cities compare with Friendship provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Friendship Tax Rate
1.25%
Average Adams County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Friendship, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53934 | 1.08% | 1.14% | 1.25% | 1.29% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Friendship, Wisconsin
In Friendship, 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 Adams County Assessor 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 Friendship, 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. 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 Friendship helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 53934, with a bill of $1,504.00.
Average Friendship Assessed Value
$121,300
Average Adams County Assessed Value
$106,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Friendship, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53934 | $40,360 | $60,400 | $121,300 | $214,650 | $300,840 |
Source: Ownwell
Property Tax Bills Across Friendship, Wisconsin
In Friendship, located in Adams County, WI, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The median home price in Friendship is $121,300. To determine the tax bill, the assessed value of the property is multiplied by the local tax rate. This rate is influenced by various factors, including the funding needs of local services like schools, infrastructure, and emergency services. For homeowners in Friendship, the tax burden can vary significantly. At the 25th percentile, annual tax bills are around $796, while those in the 75th percentile face bills of approximately $2,796. The top 10% of homeowners can see tax bills as high as $3,901. Comparatively, the highest and lowest median tax bills in the area are both $1,504, located in the 53934 zip code. These property tax rates directly impact homeowners' finances, making it crucial for them to understand how their tax bills are calculated and to explore potential exemptions or appeals if necessary.
Average Friendship Tax Bill
$1,504
Average Adams County Tax Bill
$1,401
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Friendship, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53934 | $456 | $796 | $1,504 | $2,796 | $3,901 |
Source: Ownwell