North Freedom, Wisconsin Property Taxes
The median property tax rate in North Freedom, WI is 1.42%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in North Freedom at $190,938, the typical annual property tax bill reaches $2,657, just shy of the national median of $2,690. Property taxes in North Freedom 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 North 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 North 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
North Freedom, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$2,711
$2,516
Ownwell’s North Freedom Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in North Freedom with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in North Freedom to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in trends at a neighborhood level, more localized information is available as you scroll down. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across North Freedom, Wisconsin
Property taxes in North 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 North Freedom is 1.42%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within North Freedom set these rates annually, and they can vary significantly across different neighborhoods. Each year, North 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 North Freedom's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53951 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with North Freedom provides valuable insights into the varying tax landscape across Sauk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Freedom Tax Rate
1.42%
Average Sauk County Tax Rate
1.40%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Freedom, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53951 | 1.14% | 1.30% | 1.42% | 1.51% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across North Freedom, Wisconsin
In North 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 Sauk 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 North Freedom, 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. For example, the median home price is $190,938, with tax bills ranging from $1,723 at the 25th percentile to $5,776 at the 90th percentile. The highest and lowest median tax bills are both $2,657 in zip code 53951. 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 North Freedom helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across North Freedom, Wisconsin
Source: Ownwell
$79,873
$224,914
$369,954
Average North Freedom Assessed Value
$190,938
Average Sauk County Assessed Value
$227,964
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Freedom, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53951 | $81,969 | $127,430 | $190,938 | $283,846 | $413,093 |
Source: Ownwell
Property Tax Bills Across North Freedom, Wisconsin
In North Freedom, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value and apply an assessment ratio. For instance, the median home price in North Freedom is $190,938. The local tax rate in Sauk County significantly influences the final tax bill. Homeowners in North Freedom can expect tax bills that vary widely. At the 25th percentile, tax bills are around $1,723, while those at the 75th percentile reach approximately $3,872. The highest tax bills, at the 90th percentile, can go up to $5,776. These amounts are notably higher than the national median property tax rate of 0.99%, indicating a higher tax burden for some homeowners in this area. Factors such as property improvements, neighborhood changes, and local government budgets can also impact the assessed value and, consequently, the tax bill. Understanding these elements helps homeowners anticipate and manage their annual property tax expenses.
Average North Freedom Tax Bill
$2,657
Average Sauk County Tax Bill
$3,357
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across North Freedom, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53951 | $976 | $1,723 | $2,657 | $3,872 | $5,776 |
Source: Ownwell