Fond Du Lac, Wisconsin Property Taxes
The median property tax rate in Fond du Lac, WI is 1.84%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Fond du Lac, the typical annual property tax bill reaches $2,801, exceeding the national median of $2,690. Property taxes in Fond du Lac 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 Fond du Lac'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 Fond du Lac 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
Fond Du Lac, 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 Fond du Lac Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fond du Lac with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fond du Lac 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 Fond Du Lac, Wisconsin
Property taxes in Fond du Lac, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fond du Lac is 1.84%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Fond du Lac set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fond du Lac 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 Fond du Lac's effective property tax rate to other zip codes in Wisconsin and the national median. For comparison, the 54935 zip code has the highest median property tax rate of 1.87%, while the 54937 zip code has the lowest median tax rate of 1.27%. Understanding how these areas compare with Fond du Lac provides valuable insights into the varying tax landscape across Fond du Lac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fond Du Lac Tax Rate
1.84%
Average Fond Du Lac County Tax Rate
1.74%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fond Du Lac, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54935 | 1.77% | 1.82% | 1.87% | 1.96% | 2.02% |
| 54937 | 1.17% | 1.20% | 1.27% | 1.50% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Fond Du Lac, Wisconsin
In Fond du Lac, 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 Fond du Lac 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 Fond du Lac, 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 Fond du Lac helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill is $3,571 in the 54937 zip code, while the lowest is $2,619 in the 54935 zip code.
Average Fond Du Lac Assessed Value
$157,146
Average Fond Du Lac County Assessed Value
$166,996
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fond Du Lac, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54935 | $81,422 | $104,685 | $138,036 | $201,535 | $269,782 |
| 54937 | $29,942 | $167,346 | $268,737 | $364,272 | $471,144 |
Source: Ownwell
Property Tax Bills Across Fond Du Lac, Wisconsin
In Fond du Lac, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and represents the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's size, age, location, and condition. Homeowners in Fond du Lac can expect varying tax bills depending on their property's value. For instance, the 25th percentile tax bill is approximately $2,030, while the 75th percentile reaches around $4,109. At the higher end, the 90th percentile tax bill can be as much as $5,420. The highest median tax bill in the area is $3,571 in the 54937 zip code, whereas the lowest median tax bill is $2,619 in the 54935 zip code. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Fond Du Lac Tax Bill
$2,801
Average Fond Du Lac County Tax Bill
$2,722
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Fond Du Lac, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54935 | $1,534 | $1,990 | $2,619 | $3,715 | $4,920 |
| 54937 | $435 | $2,250 | $3,571 | $4,870 | $6,469 |
Source: Ownwell