Ontario, Wisconsin Property Taxes
The median property tax rate in Ontario, WI is 1.53%, slightly lower than the Wisconsin state median of 1.58% but significantly higher than the national median of 0.99%. With the median home value in Ontario at $138,400, the typical annual property tax bill reaches $2,103, which is below the national median of $2,690. Property taxes in Ontario are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ontario'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 Ontario or another part of Monroe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ontario, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$2,118
$1,965
Ownwell’s Ontario Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ontario with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ontario 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 Monroe County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ontario, Wisconsin
Property taxes in Ontario, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ontario is 1.53%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Ontario set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ontario 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 Ontario's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54651 zip code has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these areas compare with Ontario provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ontario Tax Rate
1.53%
Average Monroe County Tax Rate
1.50%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ontario, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54651 | 1.33% | 1.43% | 1.53% | 1.61% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Ontario, Wisconsin
In Ontario, 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 Monroe 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 Ontario, 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 Ontario helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $2,103 in the 54651 zip code, while the lowest median tax bill is also $2,103 in the same zip code.
Average Ontario Assessed Value
$138,400
Average Monroe County Assessed Value
$170,300
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ontario, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54651 | $39,110 | $85,875 | $138,400 | $206,150 | $274,480 |
Source: Ownwell
Property Tax Bills Across Ontario, Wisconsin
In Ontario, 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 county assessor and reflects the market value of the property. For instance, the median home price in Ontario is $138,400. The local tax rate is applied to this assessed value to calculate the annual tax bill. The national median property tax rate is 0.99%, but in Monroe County, the tax bills can vary widely. For example, the 25th percentile tax bill is $1,274, while the 75th percentile reaches $3,298, and the 90th percentile can go as high as $4,542. The highest median tax bill in the region is $2,103, found in the zip code 54651. These figures indicate significant variability, affecting homeowners differently based on their property's assessed value and specific location within the county. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Ontario Tax Bill
$2,103
Average Monroe County Tax Bill
$2,549
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Ontario, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54651 | $527 | $1,274 | $2,103 | $3,298 | $4,542 |
Source: Ownwell