Freedom, Wisconsin Property Taxes
The median property tax rate in Freedom, WI is 1.35%, which is higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $238,250 in Freedom, the typical annual property tax bill reaches $3,209, surpassing the national median of $2,690. Property taxes in Freedom are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Freedom'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 Freedom 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
Freedom, 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 Freedom Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Freedom with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Freedom 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 Freedom, Wisconsin
Property taxes in Freedom, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Freedom is 1.35%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Freedom set these rates annually, and they can vary significantly across different neighborhoods. Each year, Freedom 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 Freedom's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the zip code 54913 has the highest median property tax rate of 1.35%, while zip code 54165 also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Freedom provides valuable insights into the varying tax landscape across Outagamie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Freedom Tax Rate
1.35%
Average Outagamie County Tax Rate
1.71%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Freedom, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54130 | 1.33% | 1.34% | 1.35% | 1.35% | 1.36% |
| 54165 | 1.34% | 1.34% | 1.35% | 1.35% | 1.37% |
| 54913 | 1.33% | 1.34% | 1.35% | 1.35% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Freedom, Wisconsin
In Freedom, 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 Outagamie 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. 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 Freedom helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Outagamie County is $3,704 in the 54165 zip code, while the lowest is $3,010 in the 54130 zip code.
Average Freedom Assessed Value
$238,250
Average Outagamie County Assessed Value
$190,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Freedom, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54130 | $118,360 | $167,800 | $223,900 | $293,300 | $365,520 |
| 54165 | $123,620 | $209,625 | $275,150 | $331,550 | $407,680 |
| 54913 | $149,060 | $199,700 | $253,500 | $313,200 | $395,880 |
Source: Ownwell
Property Tax Bills Across Freedom, Wisconsin
In the city of Freedom in Outagamie 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 Freedom is $238,250, which serves as a key factor in determining the tax bill. Property assessments are conducted periodically to reflect current market values, ensuring that homeowners pay their fair share relative to their property's worth. The tax bill varies widely, with the 25th percentile at $2,450 and the 75th percentile at $4,116. For those in the 90th percentile, the tax bill can reach up to $5,122. Comparatively, the highest median tax bill in the area is $3,704, found in the 54165 zip code, while the lowest median tax bill is $3,010 in the 54130 zip code. These figures highlight the significant range in property tax obligations, influenced by both property values and specific local tax rates. Homeowners in Freedom should be aware of these factors as they directly impact their annual property tax expenses.
Average Freedom Tax Bill
$3,209
Average Outagamie County Tax Bill
$3,156
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Freedom, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54130 | $1,606 | $2,261 | $3,010 | $3,945 | $4,912 |
| 54165 | $1,647 | $2,814 | $3,704 | $4,467 | $5,499 |
| 54913 | $2,039 | $2,665 | $3,439 | $4,228 | $5,349 |
Source: Ownwell