Ogema, Wisconsin Property Taxes
The median property tax rate in Ogema, WI is 1.60%, higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Ogema at $82,850, the typical annual property tax bill reaches $1,303, still below the national median of $2,690. Property taxes in Ogema 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 Ogema'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 Ogema 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
Ogema, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,326
$1,230
Ownwell’s Ogema Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Ogema with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Ogema to provide an estimate of your property tax bill. This valuable tool helps you comprehend potential tax liabilities. For those interested in more localized insights, you can explore neighborhood-level trends further down the page. Your property’s assessed value is determined by Price County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Ogema, Wisconsin
Property taxes in Ogema, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ogema is 1.60%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Ogema set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ogema 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 Ogema's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54459 zip code has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Ogema provides valuable insights into the varying tax landscape across Price County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ogema Tax Rate
1.60%
Average Price County Tax Rate
1.67%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ogema, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54459 | 0.84% | 1.18% | 1.60% | 1.79% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Ogema, Wisconsin
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ogema, Wisconsin. The market value represents 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 Price 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 Ogema, 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. In Ogema, the median home price is $82,850. The median tax bill ranges from $750 at the 25th percentile to $3,224 at the 90th percentile. The zip code 54459 has both the highest and lowest median tax bill of $1,303. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ogema Assessed Value
$82,850
Average Price County Assessed Value
$88,900
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ogema, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54459 | $25,400 | $52,525 | $82,850 | $140,475 | $215,630 |
Source: Ownwell
Property Tax Bills Across Ogema, Wisconsin
In Ogema, located in Price County, WI, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, age, and condition. Homeowners in Ogema can expect to see a range of property tax bills. For instance, the 25th percentile tax bill is around $750, while the 75th percentile tax bill reaches $2,096. At the 90th percentile, homeowners might pay as much as $3,224. Comparatively, the median property tax rate in Ogema is notably higher than the national median of 0.99%, impacting homeowners by increasing their annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Ogema Tax Bill
$1,303
Average Price County Tax Bill
$1,546
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Ogema, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54459 | $353 | $750 | $1,303 | $2,096 | $3,224 |
Source: Ownwell