Fox Point, Milwaukee County, Wisconsin Property Taxes

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

Median FOX POINT, WI effective property tax rate: 2.22%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median FOX POINT, WI home value: $318,625
Median annual FOX POINT, WI tax bill: $7,754, $5,354 higher than the national median property tax bill of $2,400.

How are property taxes in Milwaukee calculated?

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

Last Updated March 1, 2025

Fox Point, Milwaukee County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.22%

Estimate Property Tax Bill

$7,073

$6,564

Ownwell’s Fox Point Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fox Point with just two data points. By entering your property's estimated assessed value, our calculator applies Fox Point’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 Milwaukee. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fox Point, Milwaukee County, Wisconsin

Local government entities set tax rates, which can vary widely within a state. This is 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 Fox Point’s effective property tax rate to other cities in Wisconsin and the median property tax rates in Wisconsin and the U.S. Fox Point, located in Milwaukee County, has a property tax rate that is notably higher than the national median rate. Wisconsin’s median property tax rate is 2.22%, which is more than double the national median rate of 1.02%. This means residents of Fox Point may find themselves paying significantly more in property taxes compared to other regions in the country. Understanding these rates is crucial for property owners looking to manage their expenses effectively.

Property Tax Rates Across Fox Point, Milwaukee County, Wisconsin

Source: Ownwell

1.58%

1.98%

2.39%

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 Fox Point Tax Rate

2.22%

Median Effective Milwaukee County Tax Rate

2.38%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fox Point, Milwaukee County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
53217	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Fox Point, Milwaukee County, Wisconsin

When examining property taxes in Fox Point, 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 Milwaukee 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: Milwaukee County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Fox Point. For example, the median home price in Fox Point is $318,625, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Fox Point, Milwaukee County, Wisconsin

Source: Ownwell

$8,900

$329,250

$649,600

Median Fox Point Market Value

$318,625

Median Milwaukee County Market Value

$184,600

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fox Point, Milwaukee County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
53217	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Fox Point, Milwaukee County, Wisconsin

In Fox Point, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in the area is $318,625. Homeowners in Milwaukee County face a property tax rate higher than the national median of 1.02%, which significantly affects their annual tax bills. The tax bill can range widely, with the 25th percentile at $2,205 and the 90th percentile reaching $16,194. This variability is influenced by factors such as property location, assessed value, and applicable exemptions or deductions. High property taxes can place a financial burden on homeowners, making it crucial to ensure that assessments are accurate and fair. Ownwell offers expert property tax appeal and exemption services to help homeowners reduce their tax bills. By analyzing property assessments and identifying potential discrepancies or missed exemptions, Ownwell assists homeowners in securing savings, potentially lowering their financial obligations and ensuring they pay only their fair share.

Property Tax Bills Across Fox Point, Milwaukee County, Wisconsin

Source: Ownwell

$152

$7,571

$14,989

Median Fox Point Tax Bill

$7,754

Median Milwaukee County Tax Bill

$3,903

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Fox Point, Milwaukee County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
53217	N/A	N/A	N/A	N/A	N/A

Source: Ownwell