Fennimore, Wisconsin Property Taxes
The median property tax rate in Fennimore, WI is 1.56%, which is considerably higher than the national median of 0.99% but slightly lower than the Wisconsin state median of 1.58%. With the median home value in Fennimore at $168,100, the typical annual property tax bill reaches $2,664, just below the national median of $2,690. Property taxes in Fennimore 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 Fennimore'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 Fennimore 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
Fennimore, 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 Fennimore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fennimore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fennimore 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 Fennimore, Wisconsin
Property taxes in Fennimore, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fennimore is 1.56%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Fennimore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fennimore 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 Fennimore's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53809 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Fennimore provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fennimore Tax Rate
1.56%
Average Grant County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fennimore, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53809 | 1.20% | 1.41% | 1.56% | 1.64% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Fennimore, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fennimore, WI. 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 local authorities 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 Fennimore, 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 Fennimore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills are both $2,664 in zip code 53809.
Average Fennimore Assessed Value
$168,100
Average Grant County Assessed Value
$141,950
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fennimore, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53809 | $29,220 | $79,300 | $168,100 | $236,100 | $321,140 |
Source: Ownwell
Property Tax Bills Across Fennimore, Wisconsin
Property tax bills in Fennimore, located in Grant County, WI, are calculated based on the assessed value of a property and the local tax rate. The property tax rate in Fennimore is determined by various taxing authorities, including the county, city, and school districts. These rates are applied to the assessed value of the property, which is typically a percentage of the market value. For homeowners in Fennimore, the median home price stands at $168,100. Depending on the assessed value and applicable tax rate, property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $1,131, while at the 75th percentile, it rises to $3,771. For those at the 90th percentile, the tax bill can reach up to $5,126. The highest median tax bill in the area is $2,664, which is notably higher than the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners as property taxes can significantly impact their annual expenses and overall financial planning.
Average Fennimore Tax Bill
$2,664
Average Grant County Tax Bill
$2,159
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Fennimore, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53809 | $346 | $1,131 | $2,664 | $3,771 | $5,126 |
Source: Ownwell