Fish Creek, Wisconsin Property Taxes
The median property tax rate in Fish Creek, WI is 0.94%, which is slightly below the national median of 0.99% but significantly lower than the Wisconsin state median of 1.58%. With a median home value of $325,600 in Fish Creek, the typical annual property tax bill amounts to $2,945, surpassing the national median of $2,690. Property taxes in Fish Creek are determined based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Fish Creek's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fish Creek or elsewhere in Door County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fish Creek, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$3,061
$2,840
Ownwell’s Fish Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fish Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fish Creek 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 Fish Creek, Wisconsin
Property taxes in Fish Creek, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fish Creek is 0.94%, which is slightly below the U.S. national median of 0.99%. Local government entities within Fish Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fish Creek 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 Fish Creek's effective property tax rate to other areas in Door County and the national median. For comparison, the zip code 54212 has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these areas compare with Fish Creek provides valuable insights into the varying tax landscape across Door County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fish Creek Tax Rate
0.94%
Average Door County Tax Rate
1.06%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fish Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54212 | 0.91% | 0.94% | 0.94% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Fish Creek, Wisconsin
In Fish Creek, 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 Door 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 Fish Creek, 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 Fish Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54212 has the highest and lowest median tax bill at $2,945.
Average Fish Creek Assessed Value
$325,600
Average Door County Assessed Value
$231,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fish Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54212 | $10,700 | $184,800 | $325,600 | $463,450 | $681,370 |
Source: Ownwell
Property Tax Bills Across Fish Creek, Wisconsin
In Fish Creek, located in Door County, WI, property tax bills are determined by assessing the value of a property and applying the local tax rate to that value. The assessed value is based on the market value of the home, which, for this area, has a median home price of $325,600. Factors such as property size, location, and improvements can influence this assessed value. Homeowners in Fish Creek face varying tax bills, with the 25th percentile at $1,137 and the 75th percentile reaching up to $4,166, while the 90th percentile can go as high as $6,190. The highest and lowest median tax bills in the area are both recorded at $2,945, which is notably above the national median property tax rate of 0.99%. This can significantly impact homeowners, as higher property taxes can lead to increased monthly mortgage payments and overall housing costs. Understanding these factors is crucial for homeowners planning their finances and future investments.
Average Fish Creek Tax Bill
$2,945
Average Door County Tax Bill
$2,726
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Fish Creek, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54212 | $133 | $1,137 | $2,945 | $4,166 | $6,190 |
Source: Ownwell