Oconomowoc, Dodge County, Wisconsin Property Taxes
Median Oconomowoc, WI effective property tax rate: 0.14%, significantly lower than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Oconomowoc, WI home value: $326,100
Median annual Oconomowoc, WI tax bill: $452, $1,948 lower than the national median property tax bill of $2,400.
How are property taxes in Dodge calculated?
Property taxes in Oconomowoc, 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 Oconomowoc’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oconomowoc, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oconomowoc, Dodge County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.11%
Estimate Property Tax Bill
$3,926
$3,643
Property Tax Rates Across Oconomowoc, Dodge County, Wisconsin
Local government entities in Wisconsin set property tax rates, and these can vary significantly across the state. This variation is due to each county's annual estimation of its budgetary needs to provide essential services. The budget is then divided by the total value of all taxable properties within the county, resulting in the property tax rate. While votes and laws play a role in the process, this is essentially how rates are set each year.
In Oconomowoc, located in Dodge County, the effective property tax rate offers a unique perspective when compared to other cities in Wisconsin, as well as the national median. The property tax rate in Oconomowoc can be compared to the state median and the national median rate of 1.02%. Additionally, the typical property tax bill in Oconomowoc is noteworthy when compared to the national median bill of $2400. These comparisons provide insights into how Oconomowoc's property taxes align with broader trends, allowing property owners to better understand their tax obligations and potential savings opportunities.
Our median effective property tax rate (tax bill Ă· 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 Oconomowoc Tax Rate
1.11%
Our median effective property tax rate (tax bill Ă· 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 Dodge County Tax Rate
1.30%
Median Effective Wisconsin Tax Rate
1.43%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oconomowoc, Dodge County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53066 | 1.06% | 1.08% | 1.11% | 1.13% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Oconomowoc, Dodge County, Wisconsin
When examining property taxes in Oconomowoc, 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 Dodge County appraisal district 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 Dodge 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 Oconomowoc. For example, the median home price in Oconomowoc is $326,100, with tax bills ranging significantly across the county. Zip code 53066 has the highest median home price at $326,100.
Property Tax Assessment Values Across Oconomowoc, Dodge County, Wisconsin
Source: Ownwell
$158,950
$256,325
$353,700
Median Oconomowoc Market Value
$353,700
Median Dodge County Market Value
$213,500
Median Wisconsin Market Value
$237,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Oconomowoc, Dodge County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53066 | $259,250 | $293,225 | $353,700 | $426,125 | $516,500 |
Source: Ownwell
Property Tax Bills Across Oconomowoc, Dodge County, Wisconsin
In Oconomowoc, WI, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, determined by the local assessor. The tax rate, set by local taxing authorities, is then applied to this assessed value. Homeowners in Oconomowoc face a range of property tax bills, with the 25th percentile at $365 and the 75th percentile at $548, while the 90th percentile reaches $664. These figures are significantly lower than the national median property tax bill of $2,400. Despite this, property taxes can still be a substantial expense for homeowners.
Ownwell offers a valuable service by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. By analyzing your property's assessment and comparing it to similar properties, Ownwell identifies discrepancies and presents a strong case for a reduced assessment. This service can lead to significant savings, ensuring homeowners in Oconomowoc pay only their fair share in property taxes.
Median Oconomowoc Tax Bill
$3,924
Median Dodge County Tax Bill
$2,984
Median Wisconsin Tax Bill
$3,453
Median United States Tax Bill
$2,400
Property Tax Bills Across Oconomowoc, Dodge County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53066 | $2,789 | $3,216 | $3,924 | $4,780 | $5,855 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 25 |
Links | |
|---|---|
| Dodge Tax Assessor | |
| Website | list.co.dodge.wi.us |