Francis Creek, Wisconsin Property Taxes
The median property tax rate in Francis Creek, WI is 1.30%, which is notably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $149,866, the typical annual property tax bill in Francis Creek reaches $1,953, still below the national median of $2,690. Property taxes in Francis Creek are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Francis Creek'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 Francis Creek 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
Francis Creek, 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 FRANCIS CREEK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FRANCIS CREEK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FRANCIS CREEK 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 Francis Creek, Wisconsin
Property taxes in Francis Creek, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Francis Creek is 1.30%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Francis Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Francis Creek 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 Francis Creek's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54214 has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Francis Creek provides valuable insights into the varying tax landscape across Manitowoc County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Francis Creek Tax Rate
1.30%
Average Manitowoc County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Francis Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54214 | 1.23% | 1.27% | 1.30% | 1.38% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Francis Creek, Wisconsin
In Francis Creek, 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 local 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 Francis Creek, 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 Francis Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Francis Creek is $149,866, with the highest median tax bill being $1,953 in zip code 54214.
Property Tax Assessment Values Across Francis Creek, Wisconsin
Source: Ownwell
$116,650
$215,580
$314,510
Average Francis Creek Assessed Value
$149,866
Average Manitowoc County Assessed Value
$151,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Francis Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54214 | $91,437 | $123,362 | $149,866 | $189,019 | $302,647 |
Source: Ownwell
Property Tax Bills Across Francis Creek, Wisconsin
In Francis Creek, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is an estimate of the property's market value, which is periodically evaluated by local tax assessors. For homeowners, several factors influence the final tax bill, including the assessed home value and the specific tax rate set by local authorities. Homeowners in Francis Creek can expect a median property tax bill of $1,953, which falls in line with the county's average. For comparison, this rate is relatively higher than the national median property tax rate of 0.99%. Property tax bills in this area can vary significantly, with the 25th percentile at $1,633 and the 75th percentile reaching $2,687. At the 90th percentile, homeowners may see tax bills as high as $4,187. These taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their financial responsibilities and the benefits they receive in return.
Average Francis Creek Tax Bill
$1,953
Average Manitowoc County Tax Bill
$2,169
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Francis Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54214 | $1,189 | $1,633 | $1,953 | $2,687 | $4,187 |
Source: Ownwell