Fence, Wisconsin Property Taxes
The median property tax rate in Fence, WI is 2.31%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Fence, the typical annual property tax bill reaches $2,242, which is below the national median of $2,690. Property taxes in Fence are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as 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 Marinette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fence, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.31%
Estimate Property Tax Bill
$2,238
$2,077
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, Wisconsin
Property taxes in Fence, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fence is 2.31%, 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 54120 zip code has both the highest and lowest median property tax rate of 2.31%. Understanding how these cities compare with Fence provides valuable insights into the varying tax landscape across Marinette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fence Tax Rate
2.31%
Average Marinette County Tax Rate
1.37%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fence, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54120 | 1.92% | 2.14% | 2.31% | 2.36% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Fence, 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 Marinette 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 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. Being aware of these valuation processes in Fence helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills, both at $2,242, are found in zip code 54120.
Average Fence Assessed Value
$96,900
Average Marinette County Assessed Value
$79,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fence, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54120 | $30,100 | $62,900 | $96,900 | $131,700 | $165,500 |
Source: Ownwell
Property Tax Bills Across Fence, Wisconsin
In Fence, located in Marinette County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Fence, the median home price is $96,900. The property tax rate in Marinette County is higher than the national median of 0.99%, resulting in significant tax bills. Homeowners in the 25th percentile can expect a tax bill around $1,470, while those in the 75th percentile may see bills as high as $3,242. At the 90th percentile, tax bills can reach up to $3,976. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance, directly impacting the quality of life in Fence. Homeowners must budget for these taxes, which can vary widely based on the assessed value and local tax rate.
Average Fence Tax Bill
$2,242
Average Marinette County Tax Bill
$1,289
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Fence, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54120 | $620 | $1,470 | $2,242 | $3,242 | $3,976 |
Source: Ownwell