Fairwater, Wisconsin Property Taxes
The median property tax rate in Fairwater, WI is 1.36%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Fairwater at $107,864, the typical annual property tax bill reaches $1,463, which is below the national median of $2,690. Property taxes in Fairwater are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Fairwater'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 Fairwater 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
Fairwater, 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 Fairwater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fairwater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fairwater 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 Fond du Lac County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fairwater, Wisconsin
Property taxes in Fairwater, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fairwater is 1.36%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fairwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fairwater 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. For comparison, the 53931 zip code has both the highest and lowest median property tax rate of 1.36%. Understanding how these areas compare with Fairwater 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 Fairwater Tax Rate
1.36%
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 Fairwater, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53931 | 1.21% | 1.26% | 1.36% | 1.41% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Fairwater, Wisconsin
In Fairwater, 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 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 Fairwater, 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 Fairwater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Fairwater is $1,463 in zip code 53931.
Average Fairwater Assessed Value
$107,864
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 Fairwater, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53931 | $11,048 | $21,709 | $107,864 | $153,241 | $206,864 |
Source: Ownwell
Property Tax Bills Across Fairwater, Wisconsin
In Fairwater, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office in Fond du Lac County. The tax rate is applied to this assessed value to determine the annual tax bill. Various factors such as the home's market value, local tax rates, and any applicable exemptions influence this calculation. For example, a median home price in Fairwater is $107,864, and homeowners can expect a tax bill ranging from $384 at the 25th percentile to $2,209 at the 75th percentile, with the 90th percentile reaching up to $2,741. Compared to the national median property tax rate of 0.99%, Fairwater's tax rates might appear more manageable, but they still significantly impact homeowners' finances. The highest median tax bill in the area is $1,463, which can be found in the 53931 zip code. Understanding these factors helps homeowners anticipate their property tax obligations and manage their budgets more effectively.
Average Fairwater Tax Bill
$1,463
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 Fairwater, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53931 | $156 | $384 | $1,463 | $2,209 | $2,741 |
Source: Ownwell