Osceola, Wisconsin Property Taxes
The median property tax rate in Osceola, WI is 0.96%, slightly below both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Osceola at $376,850, the typical annual property tax bill reaches $3,598, significantly higher than the national median of $2,690. Property taxes in Osceola 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 Osceola'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 Osceola 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
Osceola, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$3,618
$3,357
Ownwell’s Osceola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Osceola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Osceola 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 Osceola, Wisconsin
Property taxes in Osceola, Wisconsin, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Osceola is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Osceola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Osceola 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 Osceola's effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 54020 zip code has both the highest and lowest median property tax rate at 0.96%. Understanding how these figures compare with Osceola provides valuable insights into the varying tax landscape across St. Croix County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Osceola Tax Rate
0.96%
Average St. Croix County Tax Rate
1.50%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Osceola, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54020 | 0.93% | 0.95% | 0.96% | 0.98% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Osceola, Wisconsin
In Osceola, 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 local 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 Osceola, 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 Osceola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Osceola are both $3,598, found in the 54020 zip code.
Average Osceola Assessed Value
$376,850
Average St. Croix County Assessed Value
$270,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Osceola, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54020 | $229,460 | $315,550 | $376,850 | $462,875 | $558,100 |
Source: Ownwell
Property Tax Bills Across Osceola, Wisconsin
In Osceola, 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 and reflects the market value of the home. This value is then multiplied by the tax rate set by local government entities, which fund essential services such as schools, infrastructure, and public safety. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For example, a median home price in Osceola is $376,850, with tax bills ranging from $2,972 at the 25th percentile to $5,449 at the 90th percentile. The highest and lowest median tax bills both stand at $3,598, indicating some consistency within the area. Homeowners in Osceola may find their tax bills higher or lower than the national median property tax rate of 0.99%, depending on these factors. This variation can significantly impact household budgets, making it crucial for property owners to understand how their tax bills are determined.
Average Osceola Tax Bill
$3,598
Average St. Croix County Tax Bill
$3,981
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Osceola, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54020 | $2,093 | $2,972 | $3,598 | $4,476 | $5,449 |
Source: Ownwell