Oxford, Wisconsin Property Taxes
The median property tax rate in Oxford, WI is 1.28%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Oxford, the typical annual property tax bill reaches $2,142, exceeding the national median of $2,690. Property taxes in Oxford are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the 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
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
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 1.28%, which is higher than 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 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Oxford provides valuable insights into the varying tax landscape across Marquette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oxford Tax Rate
1.28%
Average Marquette County Tax Rate
1.32%
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 | 1.19% | 1.23% | 1.28% | 1.29% | 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 Marquette County Assessor 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 highest and lowest median tax bills in Oxford are both $2,142, found in the zip code 53952. The 25th percentile tax bill is $1,529, while the 75th percentile tax bill is $2,625, and the 90th percentile tax bill is $3,435.
Average Oxford Assessed Value
$168,000
Average Marquette County Assessed Value
$127,100
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 | $64,940 | $112,600 | $168,000 | $204,200 | $273,240 |
Source: Ownwell
Property Tax Bills Across Oxford, Wisconsin
In Oxford, Marquette County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Oxford is $168,000. The property tax rate in this area is influenced by various factors, including local government budgets, school funding requirements, and public services. The assessed value of a property is determined by the county assessor, who evaluates the home's market value and applies the local tax rate to calculate the tax bill. Homeowners in Oxford can expect a wide range of tax bills. For instance, those in the 25th percentile pay around $1,529, while those in the 75th percentile face bills as high as $2,625. At the 90th percentile, tax bills can reach up to $3,435. These figures highlight the variability in tax obligations based on property values and local tax rates. Compared to the national median property tax rate of 0.99%, Oxford's property tax rates can significantly impact homeowners, affecting their annual financial planning and overall cost of living.
Average Oxford Tax Bill
$2,142
Average Marquette County Tax Bill
$1,806
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 | $807 | $1,529 | $2,142 | $2,625 | $3,435 |
Source: Ownwell