Oostburg, Wisconsin Property Taxes
The median property tax rate in Oostburg, WI is 1.89%, significantly higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With a median home value of $214,250 in Oostburg, the typical annual property tax bill reaches $3,660, surpassing the national median of $2,690. Property taxes in Oostburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Oostburg'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 Oostburg 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
Oostburg, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.89%
Estimate Property Tax Bill
$4,049
Ownwell’s Oostburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oostburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oostburg 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 Oostburg, Wisconsin
Property taxes in Oostburg, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oostburg is 1.89%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Oostburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oostburg 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 Oostburg's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the zip code 53070 has the highest median property tax rate of 1.89%, while the same zip code also has the lowest median tax rate of 1.89%. Understanding how these areas compare with Oostburg provides valuable insights into the varying tax landscape across Sheboygan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oostburg Tax Rate
1.89%
Average Sheboygan County Tax Rate
1.82%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oostburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53070 | 1.42% | 1.45% | 1.89% | 1.89% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Oostburg, Wisconsin
In Oostburg, 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 Sheboygan 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 Oostburg, 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 Oostburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Oostburg, the zip code 53070 has both the highest and lowest median tax bill, valued at $3,660. The median home price in the area is $214,250, with tax bills ranging from $2,933 at the 25th percentile to $6,735 at the 90th percentile.
Average Oostburg Assessed Value
$214,250
Average Sheboygan County Assessed Value
$188,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oostburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53070 | $124,480 | $169,300 | $214,250 | $292,850 | $429,550 |
Source: Ownwell
Property Tax Bills Across Oostburg, Wisconsin
Property tax bills in Oostburg, located in Sheboygan County, WI, are calculated based on the assessed value of a property and the local tax rate. The median home price in Oostburg is $214,250. Tax bills are determined by multiplying the assessed value by the tax rate, which varies depending on the specific area within the county. For instance, the 25th percentile tax bill is approximately $2,933, while the 75th percentile tax bill is around $4,853. Homeowners in the 90th percentile can expect to pay as much as $6,735. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the tax bills in Oostburg reflect a slightly higher burden on homeowners. This higher rate can significantly impact household budgets, making it crucial for homeowners to understand their tax obligations and explore potential exemptions or appeals to manage costs effectively.
Average Oostburg Tax Bill
$3,660
Average Sheboygan County Tax Bill
$3,209
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Oostburg, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53070 | $2,310 | $2,933 | $3,660 | $4,853 | $6,735 |
Source: Ownwell