Foxboro, Wisconsin Property Taxes
The median property tax rate in Foxboro, WI is 0.94%, slightly lower than the national median of 0.99% and significantly below the Wisconsin state median of 1.58%. With the median home value in Foxboro at $165,450, the typical annual property tax bill amounts to $1,566, which is less than the national median of $2,690. Property taxes in Foxboro are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Foxboro'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 Foxboro 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
Foxboro, 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 Foxboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Foxboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Foxboro 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 Foxboro, Wisconsin
Property taxes in Foxboro, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Foxboro is 0.94%, slightly lower than the U.S. national median of 0.99%. Local government entities within Foxboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Foxboro 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 Foxboro's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54836 zip code has the highest median property tax rate of 0.94%, while the 54836 zip code also has the lowest median tax rate of 0.94%. Understanding how these cities compare with Foxboro provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Foxboro Tax Rate
0.94%
Average Douglas County Tax Rate
1.25%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Foxboro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54836 | 0.75% | 0.88% | 0.94% | 0.98% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Foxboro, Wisconsin
In Foxboro, 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 Douglas 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 Foxboro, 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 Foxboro 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 is 54836, with a tax bill of $1,566.00, while the same zip code also has the lowest median tax bill at $1,566.00.
Average Foxboro Assessed Value
$165,450
Average Douglas County Assessed Value
$170,250
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Foxboro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54836 | $76,850 | $119,575 | $165,450 | $214,750 | $268,350 |
Source: Ownwell
Property Tax Bills Across Foxboro, Wisconsin
In Foxboro, 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 the county assessor and reflects the market value of the property. Homeowners in Foxboro can expect their property tax bill to vary significantly depending on the assessed value of their home. For instance, the tax bill for homes in the 25th percentile is around $1,064, while those in the 75th percentile can expect to pay approximately $2,067. The highest tax bills, found in the 90th percentile, can reach up to $2,673. Comparatively, the national median property tax rate is 0.99%, making Foxboro's tax rates relatively moderate. The financial impact on homeowners can be substantial, particularly for those with higher-value homes. Understanding how these factors interplay can help homeowners better anticipate their annual tax liabilities and plan their finances accordingly.
Average Foxboro Tax Bill
$1,566
Average Douglas County Tax Bill
$2,072
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Foxboro, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54836 | $604 | $1,064 | $1,566 | $2,067 | $2,673 |
Source: Ownwell