Greenfield, Wisconsin Property Taxes
The median property tax rate in Greenfield, WI is 2.08%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Greenfield at $47,100, the typical annual property tax bill reaches $979, which is lower than the national median of $2,690. Property taxes in Greenfield are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Greenfield's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Greenfield or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greenfield, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Greenfield Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Greenfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenfield to generate an estimate of your property tax bill. This valuable tool provides clarity on potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Milwaukee County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Greenfield, Wisconsin
Property taxes in Greenfield, Wisconsin, are essential for funding critical local services like public schools, road maintenance, and emergency services. The median tax rate in Greenfield is 2.08%, which is significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Greenfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenfield estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Greenfield's effective property tax rate to other areas in Milwaukee County and the national median. For comparison, the 53228 zip code has the highest median property tax rate of 2.08%, while the 53220 zip code has the lowest median tax rate of 2.08%. Understanding how these areas compare with Greenfield provides valuable insights into the varying tax landscape across Milwaukee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greenfield Tax Rate
2.08%
Average Milwaukee County Tax Rate
2.38%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53130 | 2.08% | 2.08% | 2.08% | 2.08% | 2.08% |
| 53220 | 2.07% | 2.07% | 2.08% | 2.08% | 2.08% |
| 53221 | 2.08% | 2.08% | 2.08% | 2.08% | 2.08% |
| 53228 | 2.08% | 2.08% | 2.08% | 2.08% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Greenfield, Wisconsin
In Greenfield, Wisconsin, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Milwaukee County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Greenfield, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Milwaukee County is $1,120 in the 53228 zip code, while the lowest is $420 in the 53130 zip code. Being aware of these valuation processes in Greenfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Greenfield Assessed Value
$47,100
Average Milwaukee County Assessed Value
$184,600
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greenfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53130 | $20,200 | $20,200 | $20,200 | $89,500 | $131,080 |
| 53220 | $14,410 | $18,400 | $47,250 | $76,175 | $80,030 |
| 53221 | $18,000 | $18,300 | $32,000 | $50,600 | $113,420 |
| 53228 | $16,400 | $29,900 | $53,800 | $101,400 | $139,940 |
Source: Ownwell
Property Tax Bills Across Greenfield, Wisconsin
In Greenfield, Milwaukee County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as market conditions, property improvements, and neighborhood trends can influence the assessed value. For example, the median home price in Greenfield is $47,100, and property taxes can vary significantly within the area. Homeowners in Greenfield can expect a tax bill ranging from $380 at the 25th percentile to $1,765 at the 75th percentile, with the 90th percentile reaching up to $2,765. These figures indicate a broad spectrum of tax liabilities, reflecting the diversity in property values. Comparatively, the highest median tax bill in Milwaukee County is $1,120 in the 53228 zip code, while the lowest is $420 in the 53130 zip code. Understanding these factors helps homeowners anticipate their property tax responsibilities and plan accordingly.
Average Greenfield Tax Bill
$979
Average Milwaukee County Tax Bill
$3,903
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenfield, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53130 | $420 | $420 | $420 | $1,862 | $2,726 |
| 53220 | $299 | $382 | $982 | $1,582 | $1,663 |
| 53221 | $374 | $380 | $666 | $1,052 | $2,356 |
| 53228 | $341 | $621 | $1,120 | $2,106 | $2,911 |
Source: Ownwell