Oneida, Wisconsin Property Taxes
The median property tax rate in Oneida, WI is 1.32%, notably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Oneida at $316,000, the typical annual property tax bill reaches $4,286, far exceeding the national median of $2,690. Property taxes in Oneida are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Oneida'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 Oneida 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
Oneida, 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 Oneida Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oneida with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oneida 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 Oneida, Wisconsin
Property taxes in Oneida, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oneida is 1.32%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Oneida set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oneida 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. Comparing Oneida's effective property tax rate to other counties in Wisconsin and the national median offers valuable insights. For comparison, the zip code 54155 has the highest median property tax rate of 1.32%, while the lowest median tax rate is also 1.32%. Understanding how these areas compare with Oneida provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oneida Tax Rate
1.32%
Average Brown County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oneida, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54155 | 1.31% | 1.31% | 1.32% | 1.36% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Oneida, Wisconsin
In Oneida, 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 Brown 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 Oneida, 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. The median home price in Oneida stands at $316,000, with tax bills ranging from $3,316 at the 25th percentile to $8,346 at the 90th percentile. 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 Oneida helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oneida Assessed Value
$316,000
Average Brown County Assessed Value
$232,300
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oneida, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54155 | $181,000 | $243,550 | $316,000 | $428,000 | $627,400 |
Source: Ownwell
Property Tax Bills Across Oneida, Wisconsin
In Oneida, WI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimation of the property's market value, which is periodically updated to reflect changes in the real estate market. A variety of factors influence this assessed value, including the property's location, size, and condition, as well as recent sales of similar properties in the area. The median home price in Oneida is $316,000, and homeowners can expect their annual tax bills to fall within a range. For instance, at the 25th percentile, the tax bill is approximately $3,316, while at the 75th percentile, it reaches about $5,776. Homeowners at the 90th percentile could see tax bills as high as $8,346. These tax obligations can significantly impact household budgets, making it essential for homeowners to understand how their property taxes are calculated and to ensure their property is accurately assessed. Comparing these figures to the national median property tax rate of 0.99% highlights the relative tax burden faced by Oneida residents.
Average Oneida Tax Bill
$4,286
Average Brown County Tax Bill
$3,396
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Oneida, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54155 | $2,419 | $3,316 | $4,286 | $5,776 | $8,346 |
Source: Ownwell