Fredonia, Wisconsin Property Taxes
The median property tax rate in Fredonia, WI is 0.92%, which is lower than both the national median of 0.99% and Wisconsin's state median of 1.58%. With a median home value of $288,886 in Fredonia, the typical annual property tax bill is about $2,712, slightly below the national median of $2,690. Property taxes in Fredonia are calculated based on the assessed value, which usually falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Fredonia'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 Fredonia or another part of Washington County, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fredonia, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$2,658
Ownwell’s Fredonia Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Fredonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredonia to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Fredonia, Wisconsin
Property taxes in Fredonia, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredonia is 0.92%, slightly below the U.S. national median of 0.99%. Local government entities within Fredonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredonia 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 Fredonia's effective property tax rate to other areas in Washington County and the national median. For comparison, the zip code 53021 has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Fredonia provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fredonia Tax Rate
0.92%
Average Washington County Tax Rate
1.22%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredonia, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53021 | 0.92% | 0.92% | 0.92% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Fredonia, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fredonia, Wisconsin. 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 Washington 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 Fredonia, 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 Fredonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 53021 in Fredonia has the highest and lowest median tax bill at $2,712, which provides a benchmark for property tax expectations in the area.
Average Fredonia Assessed Value
$288,886
Average Washington County Assessed Value
$284,190
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fredonia, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53021 | $170,501 | $222,407 | $288,886 | $347,243 | $424,558 |
Source: Ownwell
Property Tax Bills Across Fredonia, Wisconsin
In Fredonia, located in Washington County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. The median home price in Fredonia is $288,886, and homeowners can expect their tax bills to vary. For instance, the 25th percentile tax bill is around $2,048, while the 75th percentile tax bill reaches $3,228. At the 90th percentile, tax bills can go up to $3,915. Comparatively, Fredonia’s property tax rate is higher than the national median property tax rate of 0.99%, making it crucial for homeowners to understand these factors. These tax bills significantly impact homeowners, influencing their monthly expenses and overall financial planning. Understanding how these factors interplay helps homeowners anticipate their financial commitments and manage their budgets more effectively.
Average Fredonia Tax Bill
$2,712
Average Washington County Tax Bill
$3,282
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredonia, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53021 | $1,595 | $2,048 | $2,712 | $3,228 | $3,915 |
Source: Ownwell