Fall River, Wisconsin Property Taxes
The median property tax rate in Fall River, WI is 0.12%, significantly lower than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Fall River at $268,600, the typical annual property tax bill is $317, well below the national median of $2,690. Property taxes in Fall River 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 Fall River'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 Fall River or another part of Dodge County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fall River, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.12%
Estimate Property Tax Bill
$322
Ownwell’s Fall River Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Fall River. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Fall River to provide a precise estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more granular details, localized information on neighborhood trends is available below. The assessed value of your property, determined by Dodge County, serves as the basis for calculating property taxes, taking into account any applicable exemptions.
Property Tax Rates Across Fall River, Wisconsin
Property taxes in Fall River, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fall River is 0.12%, significantly lower than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Fall River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fall River 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 Fall River's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the highest median property tax rate in the area is significantly higher, while some regions have rates that are even lower than Fall River's. Understanding how these cities compare with Fall River provides valuable insights into the varying tax landscape across Dodge County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fall River Tax Rate
0.12%
Average Dodge County Tax Rate
0.14%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fall River, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53932 | 0.11% | 0.12% | 0.12% | 0.12% | 0.12% |
Source: Ownwell
Property Tax Assessment Values Across Fall River, Wisconsin
In Fall River, 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 Dodge County 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. In Fall River, 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 Fall River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the region are both $317, found in the zip code 53932.
Average Fall River Assessed Value
$268,600
Average Dodge County Assessed Value
$188,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fall River, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53932 | $165,500 | $245,650 | $268,600 | $375,350 | $472,580 |
Source: Ownwell
Property Tax Bills Across Fall River, Wisconsin
In Fall River, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the property tax rate set by the local government. For instance, homeowners in Fall River, Dodge County, are subject to a median property tax rate that is competitive when compared to the national median of 0.99%. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. Homeowners can expect tax bills to vary; the 25th percentile tax bill is around $287, while the 75th percentile reaches $452, and the 90th percentile can be as high as $598. These tax bills directly impact homeowners by influencing their annual housing costs, making it crucial for them to understand how assessments and rates are determined. This knowledge helps homeowners anticipate their financial obligations and plan accordingly.
Average Fall River Tax Bill
$317
Average Dodge County Tax Bill
$288
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Fall River, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53932 | $185 | $287 | $317 | $452 | $598 |
Source: Ownwell