Krakow, Oconto County, Wisconsin Property Taxes

Name: Property Tax Bills Across Krakow, Oconto County, Wisconsin
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Krakow, WI effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Krakow, WI home value: $203,750
Median annual Krakow, WI tax bill: $2,197, $203 lower than the national median property tax bill of $2,400.

How are property taxes in Oconto calculated?

Property taxes in Krakow, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Krakow’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Krakow, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Krakow, Oconto County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.04%

Estimate Property Tax Bill

$2,119

$1,966

Ownwell’s Krakow Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Krakow with just two data points. By entering your property's estimated assessed value, our calculator applies Krakow’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Oconto. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Krakow, Oconto County, Wisconsin

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide services, then dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Krakow, located in Oconto County, Wisconsin, the effective property tax rate reflects this intricate process. When compared to other cities in Wisconsin, Krakow's rate offers a unique perspective on how property taxes are assessed across the state. The median property tax rate in Wisconsin aligns closely with the national median, providing a benchmark for comparison. Exploring these rates can offer valuable insights into local government funding and the financial responsibilities of property owners. Understanding where Krakow stands in relation to both state and national medians can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Krakow, Oconto County, Wisconsin

Source: Ownwell

1.04%

1.36%

1.68%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Krakow Tax Rate

1.04%

Median Effective Oconto County Tax Rate

1.20%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Krakow, Oconto County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
54137	0.95%	1.00%	1.04%	1.11%	1.36%

Source: Ownwell

Property Tax Assessment Values Across Krakow, Oconto County, Wisconsin

When examining property taxes in Krakow, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Oconto County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Oconto County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Krakow.

For example, the median home price in Krakow is $203,750, with tax bills ranging significantly across the county. 54137 has the highest median home price at $203,750.

Property Tax Assessment Values Across Krakow, Oconto County, Wisconsin

Source: Ownwell

$86,650

$194,725

$302,800

Median Krakow Market Value

$203,750

Median Oconto County Market Value

$159,700

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Krakow, Oconto County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
54137	$99,320	$143,925	$203,750	$266,625	$337,270

Source: Ownwell

Property Tax Bills Across Krakow, Oconto County, Wisconsin

In Krakow, Oconto County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $203,750, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors influencing the tax bill include property size, location, and improvements. Homeowners in Krakow can face tax bills ranging from $1,464 at the 25th percentile to $3,555 at the 90th percentile, with the median tax bill being $2,197. This is slightly below the national median property tax bill of $2,400, which can be a relief for some homeowners. However, tax bills can still be a significant expense, impacting household budgets. Ownwell assists homeowners by providing expert property tax appeal services, potentially reducing their tax burden. By analyzing property assessments and market conditions, Ownwell helps ensure homeowners in Krakow pay a fair tax amount, offering peace of mind and potential savings.

Property Tax Bills Across Krakow, Oconto County, Wisconsin

Source: Ownwell

$1,027

$2,082

$3,136

Median Krakow Tax Bill

$2,197

Median Oconto County Tax Bill

$2,049

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Krakow, Oconto County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
54137	$1,063	$1,464	$2,197	$2,901	$3,555

Source: Ownwell