Oregon, Wisconsin Property Taxes
The median property tax rate in Oregon, WI is 1.81%, significantly higher than both the national median of 0.99% and Wisconsin's state median of 1.58%. With the median home value in Oregon at $310,300, the typical annual property tax bill reaches $5,539, far exceeding the national median of $2,690. Property taxes in Oregon are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Oregon'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 Oregon or another part of Dane County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oregon, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$5,616
Ownwell’s Oregon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oregon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oregon 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 Oregon, Wisconsin
Property taxes in Oregon, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oregon is 1.81%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Oregon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oregon 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 Oregon's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53575 zip code has the highest median property tax rate of 1.81%, while the same zip code also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Oregon provides valuable insights into the varying tax landscape across Dane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oregon Tax Rate
1.81%
Average Dane County Tax Rate
2.02%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oregon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53575 | 1.57% | 1.64% | 1.81% | 1.86% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Oregon, Wisconsin
In Oregon, 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 Oregon, 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 Oregon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The 53575 zip code in Oregon has the highest median tax bill at $5,539, which is significantly above the national median property tax rate of 0.99%.
Average Oregon Assessed Value
$310,300
Average Dane County Assessed Value
$304,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oregon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53575 | $191,800 | $250,800 | $310,300 | $400,025 | $523,720 |
Source: Ownwell
Property Tax Bills Across Oregon, Wisconsin
In Oregon, WI, located in Dane County, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $310,300. Property taxes are determined by multiplying the assessed value by the tax rate set by local taxing authorities, which funds public services such as schools, roads, and emergency services. Homeowners in Oregon, WI, experience a range of tax bills; the 25th percentile tax bill is $4,359, while the 75th percentile reaches $7,119, and the 90th percentile can be as high as $9,431. Comparatively, the national median property tax rate is 0.99%, making Dane County's rates relatively high. This means that homeowners in this region may pay more in property taxes than the national average, impacting their overall cost of living. For those residing in the 53575 zip code, the median tax bill is consistently $5,539, indicating a significant investment in community services and infrastructure.
Average Oregon Tax Bill
$5,539
Average Dane County Tax Bill
$7,324
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Oregon, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53575 | $3,445 | $4,359 | $5,539 | $7,119 | $9,431 |
Source: Ownwell