Oxford, Wisconsin Property Taxes
The median property tax rate in Oxford, WI is 1.14%, slightly higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Oxford at $148,100, the typical annual property tax bill amounts to $1,689, which is below the national median of $2,690. Property taxes in Oxford are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Oxford'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 Oxford 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
Oxford, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,688
Ownwell’s Oxford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oxford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oxford 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 Oxford, Wisconsin
Property taxes in Oxford, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oxford is 1.14%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Oxford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oxford 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 Oxford's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53952 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Oxford provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oxford Tax Rate
1.14%
Average Adams County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oxford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53952 | 0.94% | 1.09% | 1.14% | 1.19% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Oxford, Wisconsin
In Oxford, 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 Adams 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 Oxford, 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 Oxford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Oxford stands at $148,100, with the highest and lowest median tax bill both being $1,689 in the 53952 zip code.
Average Oxford Assessed Value
$148,100
Average Adams County Assessed Value
$106,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oxford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53952 | $36,920 | $118,300 | $148,100 | $254,000 | $657,760 |
Source: Ownwell
Property Tax Bills Across Oxford, Wisconsin
In Oxford, WI, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate set by various taxing authorities, such as the county, school district, and other local entities. Homeowners in Oxford can expect their tax bills to vary significantly depending on the value of their homes. For instance, the median home price in the area is $148,100, with tax bills ranging from $1,388 at the 25th percentile to $2,925 at the 75th percentile. At the 90th percentile, some homeowners may face tax bills as high as $8,810. Comparatively, the national median property tax rate is 0.99%, highlighting the variability and potential burden on homeowners in Oxford. The highest and lowest median tax bills in the area are both recorded at $1,689 in the 53952 zip code. This variability underscores the importance of understanding how local assessments and tax rates impact overall property tax obligations.
Average Oxford Tax Bill
$1,689
Average Adams County Tax Bill
$1,401
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Oxford, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53952 | $366 | $1,388 | $1,689 | $2,925 | $8,810 |
Source: Ownwell