Racine, Kenosha County, Wisconsin Property Taxes

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

Median Racine, WI effective property tax rate: 1.58%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Racine, WI home value: $278,912
Median annual Racine, WI tax bill: $4,420, $2,020 higher than the national median property tax bill of $2,400.

How are property taxes in Kenosha calculated?

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

Last Updated March 1, 2025

Racine, Kenosha County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.58%

Estimate Property Tax Bill

$4,407

$4,089

Ownwell’s Racine Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Racine with just two data points.

By entering your property's estimated assessed value, our calculator applies Racine’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 Kenosha County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Racine, Kenosha County, Wisconsin

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 Racine’s effective property tax rate to other cities in Wisconsin and the median property tax rates in Wisconsin and the U.S.

Racine, located in Kenosha County, boasts a median property tax rate of 1.58%, which is notably higher than the national median of 1.02%. This rate is consistent across the city, with no variation between neighborhoods, as evidenced by the uniform rate in zip code 53403. This means that residents of Racine pay a substantial amount more in property taxes compared to the national median. Understanding these rates is crucial for property owners seeking to manage their expenses effectively. By staying informed, property owners can make better financial decisions and potentially explore appealing their property tax assessments if they believe they are being overcharged.

Property Tax Rates Across Racine, Kenosha County, Wisconsin

Source: Ownwell

0.65%

3.16%

5.67%

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 Racine Tax Rate

1.58%

Median Effective Kenosha County Tax Rate

2.06%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Racine, Kenosha County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
53403	1.53%	1.56%	1.58%	1.61%	1.63%

Source: Ownwell

Property Tax Assessment Values Across Racine, Kenosha County, Wisconsin

When examining property taxes in Racine, 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 Kenosha 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 Kenosha 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 Racine. For example, the median home price in Racine is $278,912, with tax bills ranging significantly across the county. 53403 has the highest median home price at $278,912.

Property Tax Assessment Values Across Racine, Kenosha County, Wisconsin

Source: Ownwell

$136,582

$256,534

$376,486

Median Racine Market Value

$278,912

Median Kenosha County Market Value

$201,507

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Racine, Kenosha County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
53403	$158,569	$204,016	$278,912	$343,600	$508,880

Source: Ownwell

Property Tax Bills Across Racine, Kenosha County, Wisconsin

In Racine, located in Kenosha County, WI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which local assessors determine annually. Factors such as location, property size, and improvements can influence the assessed value. The median home price in Racine is $278,912, with a property tax bill ranging from $3,211 at the 25th percentile to $8,158 at the 90th percentile. Homeowners in Racine face a median property tax bill of $4,420, which is significantly higher than the national median of $2,400. High property taxes can strain homeowners' finances, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax burden. Our team analyzes individual property assessments and identifies opportunities for savings, ensuring that homeowners only pay their fair share. This service not only eases financial pressure but also maximizes savings for property owners.

Property Tax Bills Across Racine, Kenosha County, Wisconsin

Source: Ownwell

$2,513

$4,251

$5,988

Median Racine Tax Bill

$4,420

Median Kenosha County Tax Bill

$4,787

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Racine, Kenosha County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
53403	$2,414	$3,211	$4,420	$5,629	$8,158

Source: Ownwell