Ojibwa, Wisconsin Property Taxes
The median property tax rate in Ojibwa, WI, is 1.00%, slightly above the national median of 0.99% but significantly lower than the Wisconsin state median of 1.58%. With a median home value of $97,600 in Ojibwa, the typical annual property tax bill is $930, which is below the national median of $2,690. Property taxes in Ojibwa are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Ojibwa'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 Ojibwa or another part of Sawyer County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ojibwa, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$976
$906
Ownwell’s OJIBWA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in OJIBWA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in OJIBWA 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 Ojibwa, Wisconsin
Property taxes in Ojibwa, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ojibwa is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Ojibwa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ojibwa 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 Ojibwa's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54862 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Ojibwa provides valuable insights into the varying tax landscape across Sawyer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ojibwa Tax Rate
1.00%
Average Sawyer County Tax Rate
0.89%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ojibwa, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54862 | 0.56% | 0.89% | 1.00% | 1.06% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Ojibwa, Wisconsin
In Ojibwa, 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 Sawyer 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 Ojibwa, 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 Ojibwa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 54862 has the highest and lowest median tax bill, both at $930.
Average Ojibwa Assessed Value
$97,600
Average Sawyer County Assessed Value
$195,000
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ojibwa, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54862 | $42,100 | $64,875 | $97,600 | $146,075 | $209,880 |
Source: Ownwell
Property Tax Bills Across Ojibwa, Wisconsin
In Ojibwa, Sawyer County, WI, property tax bills are calculated based on the assessed value of your home and the local property tax rate. The assessed value is an estimation of your property's market value determined by the county assessor. This value is then multiplied by the local tax rate to determine your annual property tax bill. Several factors influence your tax bill, including changes in property values, local government budgets, and any applicable exemptions or deductions. For instance, the median home price in Ojibwa is $97,600. Homeowners in the 25th percentile can expect a tax bill around $615, while those in the 75th percentile might see a bill closer to $1,359. At the 90th percentile, the tax bill can reach up to $2,062. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. While the national median property tax rate is 0.99%, local rates and assessments can significantly impact what homeowners in Ojibwa ultimately pay, affecting their overall cost of living and financial planning.
Average Ojibwa Tax Bill
$930
Average Sawyer County Tax Bill
$1,766
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Ojibwa, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54862 | $336 | $615 | $930 | $1,359 | $2,062 |
Source: Ownwell