Fremont, Wisconsin Property Taxes
The median property tax rate in Fremont, WI is 1.50%, which is considerably higher than the national median of 0.99% but slightly below the Wisconsin state median of 1.58%. With the median home value in Fremont, the typical annual property tax bill reaches $1,762, which is below the national median of $2,690. Property taxes in Fremont are calculated based on the assessed value, often lower than the market value due to exemptions like 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 Waushara County, 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
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
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, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fremont is 1.50%, significantly higher than 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 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Fremont provides valuable insights into the varying tax landscape across Waushara County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fremont Tax Rate
1.50%
Average Waushara County Tax Rate
1.26%
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 | 1.38% | 1.45% | 1.50% | 1.60% | 1.63% |
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 local 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. In Waushara County, the median home price is $111,950. The 25th percentile tax bill is $711, while the 75th percentile tax bill is $4,904. The highest median tax bill in the region is $1,762 in the 54940 zip code.
Average Fremont Assessed Value
$111,950
Average Waushara County Assessed Value
$163,950
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 | $38,930 | $48,275 | $111,950 | $332,475 | $401,940 |
Source: Ownwell
Property Tax Bills Across Fremont, Wisconsin
In Fremont, property tax bills are calculated based on the assessed value of the home and the local tax rate set by Waushara County. Homeowners in this city typically see their property taxes determined by multiplying the assessed value of their property by the local tax rate. For example, with a median home price of $111,950, the tax bill can vary significantly. The 25th percentile tax bill is $711, while those in the 75th percentile pay around $4,904. At the higher end, the 90th percentile tax bill reaches $6,545. These figures highlight the variability in property tax obligations, which can impact homeowners differently depending on their property's assessed value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, the tax rates in Fremont can result in diverse financial responsibilities for homeowners. Understanding these factors is crucial for homeowners planning their budgets and long-term financial strategies.
Average Fremont Tax Bill
$1,762
Average Waushara County Tax Bill
$2,143
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 | $557 | $711 | $1,762 | $4,904 | $6,545 |
Source: Ownwell