Sobieski, Wisconsin Property Taxes
The median property tax rate in Sobieski, WI is 1.04%, slightly above the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With a median home value of $302,800 in Sobieski, the typical annual property tax bill amounts to $3,135, surpassing the national median of $2,690. Property taxes in Sobieski are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Sobieski'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 Sobieski 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
Sobieski, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$3,149
$2,922
Ownwell’s Sobieski Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sobieski with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sobieski 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 Sobieski, Wisconsin
Property taxes in Sobieski, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sobieski is 1.04%, higher than the U.S. national median of 0.99%. Local government entities within Sobieski set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sobieski 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 Sobieski's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54171 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these areas compare with Sobieski 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 Sobieski Tax Rate
1.04%
Average Oconto County Tax Rate
1.20%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sobieski, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54171 | 0.98% | 1.01% | 1.04% | 1.05% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Sobieski, Wisconsin
In Sobieski, 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 Oconto 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 Sobieski, 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 Sobieski helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $3,135 in the zip code 54171, which is higher than the national median property tax rate of 0.99%.
Average Sobieski Assessed Value
$302,800
Average Oconto County Assessed Value
$159,700
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sobieski, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54171 | $170,400 | $233,750 | $302,800 | $375,400 | $457,520 |
Source: Ownwell
Property Tax Bills Across Sobieski, Wisconsin
In Sobieski, Oconto 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 Sobieski is $302,800, which serves as a baseline for determining property taxes. Local assessors evaluate properties to establish their assessed value, reflecting a percentage of the market value. The tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including property improvements, neighborhood developments, and changes in market conditions. Homeowners in Sobieski can expect their property tax bills to vary, with the 25th percentile at $2,386 and the 75th percentile reaching $3,921. For those at the 90th percentile, tax bills can go up to $4,815. These figures highlight the range of possible tax liabilities homeowners might face. Compared to the national median property tax rate of 0.99%, Sobieski's tax rate results in varying bills that reflect both the local economy and property values, ultimately impacting homeowners' annual financial planning.
Average Sobieski Tax Bill
$3,135
Average Oconto County Tax Bill
$2,049
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Sobieski, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54171 | $1,695 | $2,386 | $3,135 | $3,921 | $4,815 |
Source: Ownwell