Fountain City, Wisconsin Property Taxes
The median property tax rate in Fountain City, WI is 1.31%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $171,300 in Fountain City, the typical annual property tax bill amounts to $2,299, falling below the national median of $2,690. Property taxes in Fountain City are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural use. Understanding Fountain City'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 Fountain City or another part of Buffalo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fountain City, 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 Fountain City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fountain City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fountain City 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 Fountain City, Wisconsin
Property taxes in Fountain City, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fountain City is 1.31%, which is notably higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Fountain City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fountain City 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 Fountain City's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 54629 has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these areas compare with Fountain City provides valuable insights into the varying tax landscape across Buffalo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fountain City Tax Rate
1.31%
Average Buffalo County Tax Rate
1.45%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fountain City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54629 | 1.19% | 1.25% | 1.31% | 1.43% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Fountain City, Wisconsin
In Fountain City, 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 Buffalo 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 Fountain City, 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. For instance, the median home price in Fountain City is $171,300, with tax bills ranging from $1,554 at the 25th percentile to $4,023 at the 90th percentile. 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 Fountain City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fountain City Assessed Value
$171,300
Average Buffalo County Assessed Value
$142,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fountain City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54629 | $70,420 | $117,200 | $171,300 | $229,500 | $290,180 |
Source: Ownwell
Property Tax Bills Across Fountain City, Wisconsin
In Fountain City, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the property tax rate set by local taxing authorities. For instance, with a median home price of $171,300, homeowners in Fountain City can expect to pay property taxes around the 25th percentile at $1,554, while those at the 75th percentile might see bills closer to $3,185. For homes in the 90th percentile, tax bills can reach up to $4,023. Factors such as property location, size, and improvements can influence the assessed value. Compared to the national median property tax rate of 0.99%, Fountain City's rates demonstrate a significant range, impacting homeowners differently based on their property’s assessed value. These tax bills fund essential local services like schools, public safety, and infrastructure, making them a crucial aspect of homeownership in the area.
Average Fountain City Tax Bill
$2,299
Average Buffalo County Tax Bill
$2,115
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Fountain City, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54629 | $884 | $1,554 | $2,299 | $3,185 | $4,023 |
Source: Ownwell