Example of Oconto County Property Tax Calculation
When calculating property tax in Oconto County, the value of the property is multiplied by the mill rate. The mill rate is determined by dividing the total amount of taxes to be levied by the total assessed value of all properties in the county.
For example, if a property in Oconto County has a total assessed value of $100,000 and the mill rate is 20, the property tax would be $2,000 ($100,000 x 0.02).
It's important to note that the mill rate can vary based on the location and classification of the property, so it's always best to check with the county assessor's office for the most accurate calculation.
If you want appeal your property tax assessment - contact your local tax assessor.
Oconto County Property Tax Rates
The Oconto County Property Tax rates are as follows, displayed in a formatted table with columns for tax and rate per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $2.67 |
| County Library | $0.25 |
| County Solid Waste | $0.22 |
| County Fair | $0.04 |
| Technical College | $0.62 |
| Local School District | Varies by district |
| Municipality | Varies by municipality |
It is important to note that the local school district and municipality rates may vary depending on the specific district or municipality. It is recommended that individuals consult with their local government offices for more specific information on their property tax rates.
Who sets property tax rates in Oconto County ?
Property Tax Rates in Oconto County, USA
The property tax rates in Oconto County are set by the county board of supervisors. This is done on an annual basis, typically during the fall season. The board of supervisors is responsible for determining the tax levy, which is the total amount of money that needs to be raised through property taxes to fund county operations.
The tax levy is then divided by the total assessed value of all properties in Oconto County to determine the tax rate. This rate is used to calculate the amount of property tax owed by each property owner.
Property tax rates can vary from year to year and are influenced by a variety of factors, including changes in the county's budget, the need for additional revenue, and changes in property values.
If you have any questions about property tax rates in Oconto County, it is recommended that you speak with a tax advisor or contact the Oconto County Treasurer's office.
When is Oconto County Property Tax due ?
Oconto County Property Tax is typically due on January 31st of every year. However, if the due date falls on a weekend or holiday, the due date is extended to the next business day.
There are several payment methods available for Oconto County Property Tax. Property owners can make payments online through the Oconto County Treasurer's website or in person at the Oconto County Courthouse. Payments can also be made by mail, with a check or money order made payable to the Oconto County Treasurer.
Here are the different payment options and their details:
| Payment Method | Details |
|---|---|
| Online | Payments can be made using a credit card, debit card, or e-check. A service fee is charged for credit card and debit card payments, but e-check payments are free. |
| In Person | Payments can be made in person at the Oconto County Courthouse during regular business hours. Cash, check, or money order are accepted. |
| By Mail | Payment can be mailed to the Oconto County Treasurer's Office, along with a check or money order. The mailing address can be found on the property tax statement. |
It is important to note that late payments may result in penalties and interest charges. Property owners should ensure that they make timely payments to avoid these additional fees.
If you have more questions - contact your local tax collector.
How is Oconto County Property Tax penalty calculated ?
Oconto County Property Tax Penalty Calculation
When it comes to property taxes in Oconto County, Wisconsin, it’s important to understand how penalties are calculated. Property tax penalties are fees imposed on taxpayers who fail to pay their property taxes by the due date. These penalties are calculated based on a percentage of the unpaid taxes and accrue on a monthly basis until they are paid in full.
Penalty Calculation
The penalty for delinquent property taxes in Oconto County is calculated as follows:
- 0.5% per month on the first $1,000 of unpaid taxes
- 1% per month on any amount over $1,000
For example, if a property owner owes $2,500 in property taxes for the year and fails to pay by the due date, the penalty would be calculated as follows:
- 0.5% x $1,000 = $5
- 1% x $1,500 = $15
Total penalty = $20 per month
Accrual of Penalties
Penalties begin to accrue on the first day following the due date of the property tax. For example, if the due date for the property tax is January 31st and the taxpayer fails to pay by that date, penalties will begin to accrue on February 1st.
Penalties continue to accrue on a monthly basis until the taxes and any accrued penalties are paid in full. This means that if the taxpayer still has an outstanding balance six months after the due date, the penalties would be equal to:
- 0.5% x $1,000 = $30
- 1% x $1,500 = $90
Total penalty = $120 per month
In conclusion, it’s essential for property owners in Oconto County to pay their property taxes on time to avoid penalties. Understanding how penalties are calculated can help taxpayers make timely payments and avoid unnecessary fees.
Homestead exemptions in Oconto County ?
To provide readers with a comprehensive guide on Homestead exemptions and deductions in Oconto County, Wisconsin, the following table columns have been created:
| Column | Description |
|---|---|
| Exemption | Lists all the available Homestead exemptions in Oconto County. |
| Eligibility | Describes the eligibility criteria for the Homestead exemptions in Oconto County. |
| Amount | Lists the amount of exemption or deduction that a homeowner may claim in Oconto County. |
| Notes | Provides additional information or notes about the Homestead exemptions and deductions in Oconto County. |
Oconto County offers several Homestead exemptions and deductions, including the following:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Credit for Property Taxes | Homeowners or renters whose household income is less than $24,680 | Varies based on income level and rent or property tax amount; maximum credit is $1,168 | Must file Wisconsin Homestead Credit claim form by April 15 of the following year |
| Lottery and Gaming Credit | Homeowners who own their primary residence on January 1 of the tax year | Up to $100 | Automatically applied to property tax bill |
| Veterans and Surviving Spouses Property Tax | Veterans with a 100% service-related disability, surviving spouses of veterans who died in service, or surviving spouses of veterans who had a 100% service-related disability | Varies based on the percentage of disability or the value of the property | Must file Wisconsin Department of Revenue form PC-220 with the County Veterans Service Office |
| First Dollar Credit | Homeowners who own and occupy their primary residence on January 1 of the tax year and meet certain income requirements | Up to $87.50 | Automatically applied to property tax bill |
| Farmland Preservation Credit | Property owners who have enrolled their lands in a farmland preservation program | Up to 10% of property taxes paid the previous year | Must file Wisconsin Department of Revenue form A-222 with the county treasurer by March 1 of the following year |
| Forest Crop Law and Managed Forest Law Credit | Property owners who have enrolled their lands in the Forest Crop Law or Managed Forest Law programs | Varies based on the status of the land and the assessed value of the property | Must file Wisconsin Department of Revenue form A-222 with the county treasurer by March 1 of the following year |
| Business Improvement Property Tax Exemption | Property owners who are making improvements to commercial or industrial property | Varies based on the value of the property and the cost of the improvements | Must file Wisconsin Department of Revenue form PA-815 with the municipality's assessor |
These Homestead exemptions and deductions are subject to change depending on the county's policies and programs. Homeowners are encouraged to check with their local county authorities or Wisconsin Department of Revenue for the latest information and procedures on claiming these tax benefits.
We recommend contacting the Oconto County Tax Office or a local tax professional for the most up-to-date and accurate information.