Ogema, Wisconsin Property Taxes
The median property tax rate in Ogema, WI is 1.51%, slightly lower than the state median of 1.58% but still higher than the national median of 0.99%. With a median home value of $102,600 in Ogema, the typical annual property tax bill is around $1,585, which is below the national median of $2,690. Property taxes in Ogema are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding the property tax system in Ogema, 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 Taylor County, grasping 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
1.51%
Estimate Property Tax Bill
$1,549
Ownwell’s Ogema Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ogema with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ogema 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 Ogema, Wisconsin
Property taxes in Ogema, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ogema is 1.51%, 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 1.51%, while the 54459 zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Ogema provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ogema Tax Rate
1.51%
Average Taylor County Tax Rate
1.43%
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 | 1.48% | 1.49% | 1.51% | 1.53% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Ogema, Wisconsin
In Ogema, Wisconsin, understanding the distinction between "market value" and "assessed value" is vital for grasping property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Taylor County Appraisal District for tax purposes. Conversely, 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 difference 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 Ogema helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $1,585, with the zip code 54459 reflecting these values.
Average Ogema Assessed Value
$102,600
Average Taylor County Assessed Value
$122,900
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 | $46,360 | $67,450 | $102,600 | $167,650 | $206,680 |
Source: Ownwell
Property Tax Bills Across Ogema, Wisconsin
In Ogema, located in Taylor County, WI, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and reflects the market value of the property. For a median home price of $102,600, homeowners in Ogema can expect to pay property taxes that vary significantly depending on their property's assessed value and the local tax rate. The tax bill is influenced by several factors, including property size, location, and any applicable exemptions or deductions. For instance, tax bills in Ogema range from $1,030 at the 25th percentile to $3,120 at the 90th percentile, indicating a wide variation based on property specifics and assessed values. Homeowners in Ogema face a median property tax bill of $1,585, which is higher than the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing the overall cost of owning property in the area, potentially affecting affordability and long-term financial planning.
Average Ogema Tax Bill
$1,585
Average Taylor County Tax Bill
$1,816
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 | $697 | $1,030 | $1,585 | $2,544 | $3,120 |
Source: Ownwell