Okauchee, Waukesha County, Wisconsin Property Taxes
Property Taxes in Okauchee, Wisconsin
Median Oconomowoc, Wisconsin effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, and lower than the Wisconsin state median of 1.43%.
Median Oconomowoc, Wisconsin home value: $598,900
Median annual Oconomowoc, Wisconsin tax bill: $5,592, $3,192 higher than the national median property tax bill of $2,400.
How are property taxes in Waukesha calculated?
Property taxes in Oconomowoc, Wisconsin 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 April 13, 2026
Okauchee, Waukesha County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$5,330
$4,946
How Does the Oconomowoc Property Tax Calculator Work?
Use this Oconomowoc property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Oconomowoc's median effective tax rate of 0.89% — based on actual property records in Waukesha County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Oconomowoc's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Oconomowoc: rates range from $5,592 in 53069 to $5,592 in 53069, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Oconomowoc. Compared with the 1.43% Wisconsin median tax rate, Oconomowoc's rate is lower, while the median property tax bill of $5,592 is $3,192 higher than the state median.
About Okauchee Property Taxes
About Property Taxes in Oconomowoc, Waukesha, Wisconsin
Oconomowoc's median effective property tax rate of 0.89% is lower than the Wisconsin state median of 1.43% and lower than the national median of 1.02%. This rate reflects the Waukesha County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Oconomowoc. Homeowners in the 53069 ZIP code carry a median effective rate of 0.89%, while those in the lowest ZIP pay 0.89%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Waukesha County. Understanding which part of Oconomowoc you live in can make a meaningful difference to your annual tax bill.
Oconomowoc homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the May 25, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Okauchee, Waukesha County, Wisconsin
As noted earlier, 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 Oconomowoc’s effective property tax rate to other cities in Wisconsin and the median property tax rates in Wisconsin and the U.S.
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 Okauchee Tax Rate
0.89%
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 Waukesha County Tax Rate
1.05%
Median Effective Wisconsin Tax Rate
1.43%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Okauchee, Waukesha County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53069 | 0.79% | 0.87% | 0.89% | 0.92% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Okauchee, Waukesha County, Wisconsin
When examining property taxes in Oconomowoc, Wisconsin, 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 Waukesha 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.
Assessment notices:
In Waukesha County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of {month when notices are sent}.
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 $598,900, with tax bills ranging significantly across the county. 53069 has the highest median home price at $598,900.
Property Tax Assessment Values Across Okauchee, Waukesha County, Wisconsin
Source: Ownwell
$180,700
$389,800
$598,900
Median Okauchee Market Value
$598,900
Median Waukesha County Market Value
$390,000
Median Wisconsin Market Value
$237,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Okauchee, Waukesha County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53069 | $215,550 | $292,075 | $598,900 | $1,007,275 | $1,409,780 |
Source: Ownwell
Property Tax Bills Across Okauchee, Waukesha County, Wisconsin
Property tax bills in Oconomowoc are based on the assessed value of a home and the local tax rate set by taxing authorities. For a home with a median home price of $598,900, the bill can vary widely depending on the property’s assessment and the specific levy applied in Waukesha County.
The tax bill is determined by multiplying the assessed value by the local rate, then adjusting for exemptions or other qualifying factors. In this area, the median tax bill is $5,592, which is well above the national median property tax bill of $2,400 and reflects a higher-than-average local burden. Bills can range from $2,619 at the 25th percentile to $12,626 at the 90th percentile, showing how much location and assessment can affect what homeowners pay. For many homeowners, this means property taxes can be a major part of annual housing costs.
Median Okauchee Tax Bill
$5,592
Median Waukesha County Tax Bill
$4,123
Median Wisconsin Tax Bill
$3,453
Median United States Tax Bill
$2,400
Property Tax Bills Across Okauchee, Waukesha County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53069 | $1,934 | $2,619 | $5,592 | $9,129 | $12,626 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 20 |
Links | |
|---|---|
| Waukesha Tax Assessor | |
| Website | tax.waukeshacounty.gov |