Fredonia, Wisconsin Property Taxes
The median property tax rate in Fredonia, WI is 1.57%, slightly lower than the Wisconsin state median of 1.58% but significantly higher than the national median of 0.99%. With a median home value of $362,000 in Fredonia, the typical annual property tax bill reaches $5,414, which far exceeds the national median of $2,690. Property taxes in Fredonia 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 Fredonia'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 Fredonia or another part of Sheboygan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fredonia, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$5,683
Ownwell’s Fredonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredonia 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 Fredonia, Wisconsin
Property taxes in Fredonia, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredonia is 1.57%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Fredonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredonia 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 Fredonia's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53021 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with Fredonia provides valuable insights into the varying tax landscape across Sheboygan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fredonia Tax Rate
1.57%
Average Sheboygan County Tax Rate
1.82%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredonia, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53021 | 1.51% | 1.53% | 1.57% | 1.60% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Fredonia, Wisconsin
In Fredonia, 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 Sheboygan 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 Fredonia, 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 Fredonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $5,414 in zip code 53021, while the lowest median tax bill is also $5,414 in the same zip code.
Average Fredonia Assessed Value
$362,000
Average Sheboygan County Assessed Value
$188,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fredonia, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53021 | $184,880 | $251,300 | $362,000 | $381,500 | $393,200 |
Source: Ownwell
Property Tax Bills Across Fredonia, Wisconsin
In Fredonia, 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 local assessor, who evaluates the property's market value. This value is then multiplied by the tax rate set by local taxing authorities, which include county, city, and school districts. The tax rate in Fredonia is higher than the national median property tax rate of 0.99%. Homeowners in Fredonia can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $3,853, while at the 75th percentile, it rises to $5,848. Those at the 90th percentile face tax bills as high as $6,108. These variations depend on factors such as property size, location, and any applicable exemptions. High property taxes can impact homeowners by increasing their annual housing costs, which may influence decisions about homeownership and investments in property improvements.
Average Fredonia Tax Bill
$5,414
Average Sheboygan County Tax Bill
$3,209
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredonia, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53021 | $2,916 | $3,853 | $5,414 | $5,848 | $6,108 |
Source: Ownwell