Fairchild, Wisconsin Property Taxes
The median property tax rate in Fairchild, WI is 1.33%, which is considerably higher than the national median of 0.99% yet lower than the Wisconsin state median of 1.58%. With a median home value of $75,100 in Fairchild, the typical annual property tax bill amounts to $999, falling below the national median of $2,690. Property taxes in Fairchild are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Fairchild'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 Fairchild 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
Fairchild, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$999
Ownwell’s Fairchild Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fairchild with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fairchild 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 Fairchild, Wisconsin
Property taxes in Fairchild, Wisconsin, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fairchild is 1.33%, notably higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Fairchild set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fairchild 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 Fairchild's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54741 zip code has the highest median property tax rate of 1.33%, while the 54741 zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Fairchild provides valuable insights into the varying tax landscape across Eau Claire County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fairchild Tax Rate
1.33%
Average Eau Claire County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fairchild, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54741 | 0.99% | 1.19% | 1.33% | 1.45% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Fairchild, Wisconsin
In FAIRCHILD, 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 Eau Claire 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 FAIRCHILD, 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 FAIRCHILD 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 in FAIRCHILD is 54741, while the lowest is also 54741, both with a median tax bill of $999.
Average Fairchild Assessed Value
$75,100
Average Eau Claire County Assessed Value
$211,200
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fairchild, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54741 | $24,660 | $46,300 | $75,100 | $113,500 | $182,420 |
Source: Ownwell
Property Tax Bills Across Fairchild, Wisconsin
In Fairchild, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Fairchild is $75,100. Property taxes are influenced by several factors, including the home's assessed value, the local tax rate, and any applicable exemptions. The tax rate is determined by local government and is applied to the assessed value to calculate the annual tax bill. Homeowners in Fairchild can expect property tax bills that vary significantly. For example, the 25th percentile tax bill is $574, while the 75th percentile tax bill is $1,621. At the 90th percentile, the tax bill can reach up to $2,440. These variations highlight how different factors, such as property value and local tax policies, can impact the amount owed. Compared to the national median property tax rate of 0.99%, Fairchild homeowners experience a range of tax burdens, reflecting the broader economic and regulatory environment of Eau Claire County.
Average Fairchild Tax Bill
$999
Average Eau Claire County Tax Bill
$3,004
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Fairchild, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54741 | $228 | $574 | $999 | $1,621 | $2,440 |
Source: Ownwell