Oshkosh, Wisconsin Property Taxes
The median property tax rate in Oshkosh, WI is 1.30%, which is notably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $230,804 in Oshkosh, the typical annual property tax bill amounts to $2,990, surpassing the national median of $2,690. Property taxes in Oshkosh are determined based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Oshkosh'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 Oshkosh 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
Oshkosh, 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 Oshkosh Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Oshkosh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oshkosh to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For more localized information on neighborhood trends, scroll down to explore further. Your property’s assessed value is determined by the county for property tax calculations and includes any applicable exemptions, giving you a clearer picture of your financial responsibilities.
Property Tax Rates Across Oshkosh, Wisconsin
Property taxes in Oshkosh, Wisconsin, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Oshkosh is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Oshkosh set these rates annually, and they can vary across different neighborhoods. Each year, Oshkosh 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 Oshkosh's effective property tax rate to other areas and the national median. For comparison, the zip code 54904 has both the highest and lowest median property tax rate of 1.30%. Understanding how these areas compare with Oshkosh provides valuable insights into the varying tax landscape across Fond du Lac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oshkosh Tax Rate
1.30%
Average Fond Du Lac County Tax Rate
1.74%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oshkosh, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54904 | 1.30% | 1.30% | 1.30% | 1.36% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Oshkosh, Wisconsin
In Oshkosh, 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 Fond du Lac 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 Oshkosh, 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. The highest median tax bill in Oshkosh is $2,990 in the 54904 zip code, while the lowest median tax bill is also $2,990 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oshkosh Assessed Value
$230,804
Average Fond Du Lac County Assessed Value
$166,996
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oshkosh, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54904 | $145,980 | $177,789 | $230,804 | $240,612 | $246,496 |
Source: Ownwell
Property Tax Bills Across Oshkosh, Wisconsin
In Oshkosh, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the city's assessor, who evaluates the property to estimate its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Oshkosh, the median home price is $230,804, with property tax bills ranging from $2,378 at the 25th percentile to $3,203 at the 90th percentile. Factors that influence the tax bill include the home's location, size, and condition, as well as local government budget needs for services like schools, public safety, and infrastructure. Homeowners in Oshkosh may find their property tax bills higher or lower than the national median property tax rate of 0.99%, depending on these factors. High property taxes can impact affordability, while lower taxes can make homeownership more accessible, affecting the overall housing market in the area.
Average Oshkosh Tax Bill
$2,990
Average Fond Du Lac County Tax Bill
$2,722
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Oshkosh, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54904 | $2,011 | $2,378 | $2,990 | $3,123 | $3,203 |
Source: Ownwell