Frederic, Polk County, Wisconsin Property Taxes
Median FREDERIC, WI effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median FREDERIC, WI home value: $137,450
Median annual FREDERIC, WI tax bill: $1,735, $665 lower than the national median property tax bill of $2,400.
How are property taxes in Polk calculated?
Property taxes in FREDERIC, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding FREDERIC’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in FREDERIC, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Frederic, Polk County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.2%
Estimate Property Tax Bill
$1,649
$1,531
Property Tax Rates Across Frederic, Polk County, Wisconsin
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the fundamental annual process.
In Frederic, located in Polk County, Wisconsin, the effective property tax rate is 1.20%. This rate aligns with the highest and lowest median tax rates in the area, indicating a consistent tax rate within the zip code 54837. Compared to the national median property tax rate of 1.02%, Frederic's rate is slightly higher, which may reflect the county's budgetary needs or property values. However, it remains competitive within Wisconsin, where tax rates can vary. Understanding these rates helps property owners anticipate their tax responsibilities and explore potential savings through appeals or exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Frederic Tax Rate
1.20%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Polk County Tax Rate
1.13%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Frederic, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54837 | 0.95% | 1.08% | 1.20% | 1.31% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Frederic, Polk County, Wisconsin
When examining property taxes in Frederic, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Polk County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Polk County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Frederic. For example, the median home price in Frederic is $137,450, with tax bills ranging significantly across the county. 54837 has the highest median home price at $137,450.
Property Tax Assessment Values Across Frederic, Polk County, Wisconsin
Source: Ownwell
$66,950
$209,075
$351,200
Median Frederic Market Value
$137,450
Median Polk County Market Value
$219,000
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Frederic, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54837 | $51,230 | $87,675 | $137,450 | $208,300 | $297,800 |
Source: Ownwell
Property Tax Bills Across Frederic, Polk County, Wisconsin
Median Frederic Tax Bill
$1,735
Median Polk County Tax Bill
$2,629
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Frederic, Polk County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54837 | $541 | $1,059 | $1,735 | $2,555 | $3,546 |
Source: Ownwell