Ogema, Wisconsin Property Taxes
The median property tax rate in Ogema, WI, is 1.04%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $270,500, the typical annual property tax bill in Ogema reaches $2,821, surpassing the national median of $2,690. Property taxes in Ogema are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Ogema'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 Ogema or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ogema, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$2,813
Ownwell’s Ogema Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ogema with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ogema 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 Ogema, Wisconsin
Property taxes in Ogema, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ogema is 1.04%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Ogema set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ogema 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 Ogema's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54459 zip code has the highest median property tax rate of 1.04%, while the same 54459 zip code also has the lowest median tax rate of 1.04%. Understanding how these areas compare with Ogema provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ogema Tax Rate
1.04%
Average Lincoln County Tax Rate
1.15%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ogema, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54459 | 0.93% | 0.97% | 1.04% | 1.05% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Ogema, Wisconsin
In Ogema, 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 Lincoln 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 Ogema, 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 Ogema helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54459 has the highest and lowest median tax bill at $2,821, reflecting the diverse property values within the area.
Average Ogema Assessed Value
$270,500
Average Lincoln County Assessed Value
$156,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ogema, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54459 | $120,100 | $176,500 | $270,500 | $281,450 | $288,020 |
Source: Ownwell
Property Tax Bills Across Ogema, Wisconsin
In Ogema, located in Lincoln County, WI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $270,500, homeowners can expect a tax bill ranging from $1,781 at the 25th percentile to $2,968 at the 75th percentile. The highest median tax bill in the region is $2,821, which is notably higher than the national median property tax rate of 0.99%. Various factors such as property improvements, market conditions, and local government budgets can influence these assessments. High property taxes can significantly impact homeowners by increasing their annual expenses, making it crucial for property owners to stay informed about their assessments and potential appeals.
Average Ogema Tax Bill
$2,821
Average Lincoln County Tax Bill
$2,035
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Ogema, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54459 | $1,157 | $1,781 | $2,821 | $2,968 | $3,056 |
Source: Ownwell