Fremont, Wisconsin Property Taxes
The median property tax rate in Fremont, WI is 1.15%, which is considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Fremont at $190,200, the typical annual property tax bill reaches $2,361, slightly below the national median of $2,690. Property taxes in Fremont 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 Fremont'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 Fremont 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
Fremont, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$2,187
Ownwell’s Fremont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fremont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fremont 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 Fremont, Wisconsin
Property taxes in Fremont, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fremont is 1.23%, higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Fremont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fremont 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 Fremont's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54940 zip code has the highest median property tax rate of 1.23%, while the 54940 zip code has the lowest median tax rate of 1.23%. Understanding how these cities compare with Fremont provides valuable insights into the varying tax landscape across Waupaca, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fremont Tax Rate
1.15%
Average Outagamie County Tax Rate
1.71%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fremont, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54940 | 1.13% | 1.14% | 1.15% | 1.44% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Fremont, Wisconsin
In Fremont, 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. In Fremont, 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 Fremont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Fremont is $190,200, with the highest median tax bill recorded at $2,361 in the 54940 zip code.
Average Fremont Assessed Value
$190,200
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 Fremont, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54940 | $24,320 | $122,900 | $190,200 | $265,500 | $319,640 |
Source: Ownwell
Property Tax Bills Across Fremont, Wisconsin
In Fremont, 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 and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Factors such as the property's location, size, and improvements can impact the assessed value. For instance, homes in the zip code 54940 have a median tax bill of $2,361. Generally, homeowners in Fremont can expect their tax bills to range from $1,476 at the 25th percentile to $3,815 at the 90th percentile. This variability can significantly affect homeowners' budgets, especially when compared to the national median property tax rate of 0.99%. A higher assessed value or tax rate results in a larger tax bill, which underscores the importance of accurate property assessments and understanding local tax policies. Homeowners should stay informed about these factors to manage their expenses effectively.
Average Fremont Tax Bill
$2,361
Average Outagamie County Tax Bill
$3,156
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Fremont, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54940 | $361 | $1,476 | $2,361 | $3,093 | $3,815 |
Source: Ownwell