Osseo, Wisconsin Property Taxes
The median property tax rate in Osseo, WI is 1.41%, considerably higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Osseo, the typical annual property tax bill reaches $2,186, which is below the national median of $2,690. Property taxes in Osseo 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 Osseo'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 Osseo or another part of Jackson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Osseo, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$2,238
Ownwell’s Osseo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Osseo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Osseo 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 Osseo, Wisconsin
Property taxes in Osseo, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Osseo is 1.41%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Osseo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Osseo 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 Osseo's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54758 zip code has the highest median property tax rate of 1.41%, while the same zip code has the lowest median tax rate of 1.41%. Understanding how these cities compare with Osseo provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Osseo Tax Rate
1.41%
Average Jackson County Tax Rate
1.36%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Osseo, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54758 | 1.04% | 1.23% | 1.41% | 1.49% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Osseo, Wisconsin
In Osseo, 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 Jackson 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 Osseo, 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 Osseo 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 $2186 in the 54758 zip code, while the lowest median tax bill also stands at $2186 in the same zip code.
Average Osseo Assessed Value
$158,700
Average Jackson County Assessed Value
$129,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Osseo, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54758 | $48,200 | $92,250 | $158,700 | $230,800 | $319,300 |
Source: Ownwell
Property Tax Bills Across Osseo, Wisconsin
In Osseo, WI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Osseo can expect their property tax bill to vary depending on this assessed value and the local tax rate. For instance, with a median home price of $158,700, property tax bills can range widely. At the lower end, the 25th percentile tax bill is approximately $1,128, while at the higher end, the 75th percentile is around $3,310, and the 90th percentile can reach up to $4,734. These taxes fund essential community services such as schools, public safety, and infrastructure. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how Osseo's rates stack up. Homeowners should be aware that higher property values or improvements can lead to increased tax bills, impacting their overall financial planning.
Average Osseo Tax Bill
$2,186
Average Jackson County Tax Bill
$1,879
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Osseo, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54758 | $569 | $1,128 | $2,186 | $3,310 | $4,734 |
Source: Ownwell