Frederic, Wisconsin Property Taxes
Frederic, WI, has a median property tax rate of 1.41%, which is significantly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $149,050 in Frederic, the typical annual property tax bill amounts to $2,220, which is below the national median of $2,690. Property taxes in Frederic are calculated based on the tax assessed value, often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Navigating Frederic's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you reside in Frederic or another part of Burnett County, understanding the local property tax system can provide significant benefits for both homeowners and real estate investors.
Last Updated June 14, 2024
Frederic, 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 Frederic Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Frederic with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Frederic to provide an estimate of your property tax bill. This valuable tool offers insights into potential tax liabilities. For those interested in exploring trends on a more localized level, additional neighborhood-specific information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Frederic, Wisconsin
Property taxes in Frederic, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Frederic is 1.41%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Frederic set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frederic 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 Frederic's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54837 zip code has both the highest and lowest median property tax rate of 1.41%. Understanding how these cities compare with Frederic provides valuable insights into the varying tax landscape across Burnett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Frederic Tax Rate
1.41%
Average Burnett County Tax Rate
1.10%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Frederic, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54837 | 1.06% | 1.26% | 1.41% | 1.63% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Frederic, Wisconsin
In Frederic, 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 Burnett 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 Frederic, 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 Frederic helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Frederic is $149,050, with the 25th percentile tax bill at $1,182 and the 75th percentile at $3,779. The highest and lowest median tax bills, both $2,220, are found in the 54837 zip code.
Average Frederic Assessed Value
$149,050
Average Burnett County Assessed Value
$141,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Frederic, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54837 | $37,790 | $84,275 | $149,050 | $234,400 | $317,500 |
Source: Ownwell
Property Tax Bills Across Frederic, Wisconsin
Property tax bills in Frederic, Burnett County, WI, are calculated based on the assessed value of a property and the local tax rate. The median home price in Frederic is $149,050. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $1,182 and the 75th percentile reaching $3,779. The 90th percentile tax bill can be as high as $5,171. These figures indicate a wide range of property tax bills, reflecting differences in property values and assessments. The local tax rate in Frederic is a crucial factor in determining the final tax bill. Compared to the national median property tax rate of 0.99%, Frederic's rates can be relatively high, affecting homeowners' annual expenses. Additionally, the highest and lowest median tax bills in the area are both $2,220, as noted in the zip code 54837. These variations highlight the importance of understanding local tax assessments and rates, which can significantly impact homeowners' financial planning and overall cost of living.
Average Frederic Tax Bill
$2,220
Average Burnett County Tax Bill
$1,677
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Frederic, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54837 | $486 | $1,182 | $2,220 | $3,779 | $5,171 |
Source: Ownwell