Fitchburg, Wisconsin Property Taxes
The median property tax rate in Fitchburg, WI is 2.02%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Fitchburg, the typical annual property tax bill reaches $6,530, exceeding the national median of $2,690. Property taxes in Fitchburg are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fitchburg'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 Fitchburg 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
Fitchburg, 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 Fitchburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fitchburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fitchburg to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities and plan accordingly. For those curious about neighborhood-specific trends, further localized information is available by scrolling down. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Fitchburg, Wisconsin
Property taxes in Fitchburg, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fitchburg is 2.02%, significantly higher than both the Dane County median and the U.S. national median of 0.99%. Local government entities within Fitchburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fitchburg 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 Fitchburg's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 53593 zip code has the highest median property tax rate of 2.32%, while the 53713 zip code has the lowest median tax rate of 1.90%. Understanding how these areas compare with Fitchburg provides valuable insights into the varying tax landscape across Dane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fitchburg Tax Rate
2.02%
Average Dane County Tax Rate
2.02%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fitchburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53575 | 1.93% | 1.95% | 2.00% | 2.07% | 2.25% |
| 53593 | 2.14% | 2.25% | 2.32% | 2.37% | 2.48% |
| 53711 | 1.85% | 1.95% | 2.01% | 2.17% | 2.23% |
| 53713 | 1.64% | 1.86% | 1.90% | 1.92% | 2.13% |
| 53719 | 2.07% | 2.16% | 2.17% | 2.28% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Fitchburg, Wisconsin
In Fitchburg, 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 Dane 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 Fitchburg, 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 Fitchburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Dane County is $7,354 in the 53593 zip code, while the lowest median tax bill is $1,977 in the 53713 zip code.
Average Fitchburg Assessed Value
$319,500
Average Dane County Assessed Value
$304,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fitchburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53575 | $191,960 | $263,200 | $331,200 | $410,700 | $549,780 |
| 53593 | $216,300 | $248,150 | $317,750 | $369,000 | $490,150 |
| 53711 | $211,380 | $253,700 | $334,800 | $421,100 | $525,220 |
| 53713 | $100,400 | $100,550 | $103,700 | $161,050 | $232,940 |
| 53719 | $156,000 | $236,525 | $267,650 | $288,100 | $321,120 |
Source: Ownwell
Property Tax Bills Across Fitchburg, Wisconsin
In Fitchburg, located in Dane County, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor and is supposed to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. The median home price in Fitchburg is $319,500, which can give homeowners an idea of their potential tax liability. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the 25th percentile of tax bills is around $5,025, while the 75th percentile reaches $8,343, indicating a wide range depending on property specifics. The highest median tax bill in the area is $7,354 in the 53593 zip code, while the lowest median tax bill is $1,977 in the 53713 zip code. These variations can significantly impact homeowners, making it essential to understand how local assessments and rates affect their financial responsibilities.
Average Fitchburg Tax Bill
$6,530
Average Dane County Tax Bill
$7,324
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Fitchburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53575 | $4,283 | $5,406 | $6,745 | $8,427 | $11,327 |
| 53593 | $4,877 | $5,736 | $7,354 | $8,790 | $11,541 |
| 53711 | $4,258 | $5,244 | $6,797 | $8,636 | $11,145 |
| 53713 | $1,794 | $1,911 | $1,977 | $3,451 | $4,762 |
| 53719 | $3,307 | $5,220 | $5,809 | $6,363 | $7,238 |
Source: Ownwell