Byron, Wisconsin Property Taxes
The median property tax rate in Byron, WI is 1.49%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Byron at $218,564, the typical annual property tax bill reaches $3,269, surpassing the national median of $2,690. Property taxes in Byron are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Byron'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 Byron or another part of Fond du Lac County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Byron, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$3,257
$3,022
Ownwell’s Byron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Byron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Byron 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 Byron, Wisconsin
Property taxes in Byron, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Byron is 1.49%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Byron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Byron 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 Byron's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53006 zip code has the highest median property tax rate of 1.49%, while the same zip code also reflects the lowest median tax rate of 1.49%. Understanding how these cities compare with Byron provides valuable insights into the varying tax landscape across Fond du Lac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Byron Tax Rate
1.49%
Average Fond Du Lac County Tax Rate
1.74%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Byron, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53006 | 1.42% | 1.46% | 1.49% | 1.58% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Byron, Wisconsin
In Byron, 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 Fond du Lac 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 Byron, 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. For instance, the zip code 53006 has the highest and lowest median tax bill at $3,269. Being aware of these valuation processes in Byron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Byron Assessed Value
$218,564
Average Fond Du Lac County Assessed Value
$166,996
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Byron, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53006 | $106,524 | $154,988 | $218,564 | $284,926 | $350,484 |
Source: Ownwell
Property Tax Bills Across Byron, Wisconsin
Property tax bills in Byron, Fond du Lac County, WI, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Byron is $218,564, and with a local tax rate that results in tax bills ranging from $2,391 at the 25th percentile to $5,417 at the 90th percentile. Homeowners in Byron can expect their property tax bills to be influenced by several factors, including the property's assessed value, any applicable exemptions, and changes in the local tax rate. Compared to the national median property tax rate of 0.99%, Byron's rates can result in relatively high tax bills, which can significantly impact household budgets. The highest and lowest median tax bills in the area both stand at $3,269, highlighting a notable consistency in tax burdens within the region.
Average Byron Tax Bill
$3,269
Average Fond Du Lac County Tax Bill
$2,722
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Byron, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53006 | $1,503 | $2,391 | $3,269 | $4,530 | $5,417 |
Source: Ownwell