Oconto, Oconto County, Wisconsin Property Taxes

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Oconto’s effective property tax rate to other cities in Wisconsin and the median property tax rates in Wisconsin and the U.S.

Oconto, nestled in Oconto County, stands out with its effective property tax rate of 1.68%. This rate not only aligns with the highest and lowest median tax rates in the county but also is considerably higher than the national median property tax rate of 1.02%. While the national median property tax bill is $2400, Oconto's rate suggests a more substantial contribution from its residents. This elevated rate reflects the county's approach to funding essential services through property taxes, ensuring the community benefits from well-maintained infrastructure and public amenities.

In Oconto, 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 Oconto is $133,450, and the tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $1,515, while at the 75th percentile, it rises to $3,115. The 90th percentile tax bill reaches $4,363, illustrating the range homeowners might face. The median property tax bill in Oconto stands at $2,154, which is below the national median of $2,400. Factors influencing these bills include property value assessments and local tax rates. Homeowners in Oconto may find their tax bills higher or lower depending on these variables.

Ownwell offers a solution to potentially reduce these costs. By conducting a thorough review of your property's assessed value and ensuring it aligns with market conditions, Ownwell can help identify opportunities for appealing your tax assessment. This service can lead to significant savings, providing financial relief for homeowners.