Fence, Florence County, Wisconsin Property Taxes
The median property tax rate in Fence, WI is 1.48%, which is notably higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With a median home value of $95,600 in Fence, the typical annual property tax bill amounts to $1,400, which is below the national median of $2,690. Property taxes in Fence are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Fence’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 Fence or another part of Florence County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fence, Florence County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$1,415
$1,313
Ownwell’s Fence Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fence with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fence 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 Fence, Florence County, Wisconsin
Property taxes in Fence, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fence is 1.48%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Fence set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fence 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 Fence's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54120 has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these areas compare with Fence provides valuable insights into the varying tax landscape across Florence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fence Tax Rate
1.48%
Average Florence County Tax Rate
1.51%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fence, Florence County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54120 | 1.10% | 1.32% | 1.48% | 1.61% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Fence, Florence County, Wisconsin
In Fence, 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 Florence 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 Fence, 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. The median home price in the area is $95,600. Notably, the highest median tax bill is $1,400 in zip code 54120, while the lowest median tax bill is also $1,400 in the same zip code. Being aware of these valuation processes in Fence helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fence, Florence County, Wisconsin
Source: Ownwell
$72,050
$96,375
$120,700
Average Fence Assessed Value
$95,600
Average Florence County Assessed Value
$107,800
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fence, Florence County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54120 | $30,580 | $61,750 | $95,600 | $146,175 | $211,520 |
Source: Ownwell
Property Tax Bills Across Fence, Florence County, Wisconsin
In Fence, located in Florence County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Fence is $95,600, and the property tax rate in Florence County is significantly influenced by various factors including local government budgets, school funding, and infrastructure needs. Homeowners in Fence can expect their tax bills to vary widely. For instance, the 25th percentile tax bill is $844, while the 75th percentile tax bill is $2,193. At the higher end, the 90th percentile tax bill reaches up to $3,388. These tax bills are a significant consideration for homeowners, affecting their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Fence's property tax bills can be seen as a reflection of local economic conditions and municipal requirements. Understanding these factors helps homeowners better anticipate their annual property tax obligations and manage their finances accordingly.
Average Fence Tax Bill
$1,400
Average Florence County Tax Bill
$1,605
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Fence, Florence County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54120 | $392 | $844 | $1,400 | $2,193 | $3,388 |
Source: Ownwell