Oconto Falls, Wisconsin Property Taxes
The median property tax rate in Oconto Falls, WI is 1.23%, higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $197,046 in Oconto Falls, the typical annual property tax bill amounts to $2,516, which is below the national median of $2,690. Property taxes in Oconto Falls are calculated based on the tax assessed value, which is usually lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Gaining a thorough understanding of Oconto Falls' property tax system, exploring potential exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Oconto Falls or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oconto Falls, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,424
Ownwell’s Oconto Falls Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Oconto Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oconto Falls to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities and make informed decisions. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is determined by the county for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Oconto Falls, Wisconsin
Property taxes in Oconto Falls, Wisconsin, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Oconto Falls is 1.23%, which is higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Oconto Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oconto Falls 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 Oconto Falls' effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54154 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these areas compare with Oconto Falls provides valuable insights into the varying tax landscape across Oconto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oconto Falls Tax Rate
1.23%
Average Shawano County Tax Rate
1.29%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oconto Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54154 | 1.15% | 1.19% | 1.23% | 1.29% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Oconto Falls, Wisconsin
In Oconto Falls, 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 Shawano 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 Oconto Falls, 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 Oconto Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $2,516 in the 54154 zip code.
Average Oconto Falls Assessed Value
$197,046
Average Shawano County Assessed Value
$142,102
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oconto Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54154 | $81,611 | $123,802 | $197,046 | $277,066 | $379,413 |
Source: Ownwell
Property Tax Bills Across Oconto Falls, Wisconsin
In Oconto Falls, property tax bills are calculated based on the assessed value of your home and the local tax rate. For instance, the median home price in Oconto Falls is $197,046. Property taxes are then applied to this assessed value to determine your annual tax bill. Various factors such as property size, location, and any improvements made to the property can influence the assessed value. Homeowners in Oconto Falls can expect their tax bills to vary widely; the 25th percentile tax bill is $1,478, while the 75th percentile tax bill reaches $3,522, and the 90th percentile can go up to $4,816. Comparatively, the national median property tax rate is 0.99%, which provides a useful benchmark for understanding local tax burdens. The highest and lowest median tax bills in Oconto Falls both stand at $2,516, indicating a consistent tax rate across the region. This system ensures that property taxes are fairly distributed based on the value and characteristics of each property, impacting homeowners by correlating their tax responsibilities with their property values.
Average Oconto Falls Tax Bill
$2,516
Average Shawano County Tax Bill
$2,012
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Oconto Falls, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54154 | $950 | $1,478 | $2,516 | $3,522 | $4,816 |
Source: Ownwell