Milwaukee, Wisconsin Property Taxes
The median property tax rate in Milwaukee, WI is 2.38%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Milwaukee at $170,200, the typical annual property tax bill reaches $3,724, exceeding the national median of $2,690. Property taxes in Milwaukee 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 Milwaukee'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 Milwaukee 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
Milwaukee, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.38%
Estimate Property Tax Bill
$4,051
$3,759
Ownwell’s Milwaukee Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Milwaukee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Milwaukee to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Milwaukee, Wisconsin
Property taxes in Milwaukee, WI, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Milwaukee is 2.38%, significantly higher than the U.S. national median of 0.99%. Local government entities within Milwaukee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Milwaukee 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 Milwaukee's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53204 zip code has the highest median property tax rate of 2.38%, while the 53226 zip code has the lowest median tax rate of 1.77%. Understanding how these cities compare with Milwaukee 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 Milwaukee Tax Rate
2.38%
Average Milwaukee County Tax Rate
2.38%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Milwaukee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53202 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53203 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53204 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53205 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53206 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53207 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53208 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53209 | 2.00% | 2.09% | 2.38% | 2.38% | 2.38% |
| 53210 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53211 | 1.75% | 2.36% | 2.38% | 2.38% | 2.38% |
| 53212 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53213 | 1.74% | 1.75% | 1.77% | 1.82% | 2.38% |
| 53214 | 1.87% | 1.89% | 1.93% | 2.09% | 2.38% |
| 53215 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53216 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53217 | 1.73% | 1.76% | 2.08% | 2.19% | 2.31% |
| 53218 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53219 | 1.88% | 1.91% | 2.11% | 2.38% | 2.38% |
| 53220 | 1.88% | 1.92% | 1.98% | 2.38% | 2.38% |
| 53221 | 1.91% | 1.97% | 2.38% | 2.38% | 2.38% |
| 53222 | 1.75% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53223 | 1.96% | 2.01% | 2.38% | 2.38% | 2.38% |
| 53224 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53225 | 1.75% | 2.38% | 2.38% | 2.38% | 2.38% |
| 53226 | 1.72% | 1.74% | 1.77% | 1.79% | 1.83% |
| 53227 | 1.88% | 1.90% | 1.92% | 1.99% | 2.38% |
| 53228 | 1.91% | 1.95% | 1.99% | 2.25% | 2.38% |
| 53233 | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
Source: Ownwell
Property Tax Assessment Values Across Milwaukee, Wisconsin
In Milwaukee, 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 Milwaukee, 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. The median home price in Milwaukee is $170,200, with tax bills ranging significantly depending on the neighborhood. For instance, the highest median tax bill is $7,619 in the 53211 zip code, while the lowest is $1,076 in the 53206 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Milwaukee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Milwaukee Assessed Value
$170,200
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 Milwaukee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53202 | $151,280 | $198,200 | $274,200 | $399,900 | $656,880 |
| 53203 | $131,350 | $186,700 | $275,750 | $419,550 | $563,750 |
| 53204 | $53,560 | $68,300 | $86,500 | $107,600 | $139,400 |
| 53205 | $32,360 | $52,050 | $73,400 | $117,700 | $180,000 |
| 53206 | $21,000 | $31,000 | $43,300 | $59,900 | $74,900 |
| 53207 | $142,900 | $173,100 | $208,800 | $257,900 | $315,400 |
| 53208 | $47,900 | $72,800 | $134,700 | $197,400 | $253,800 |
| 53209 | $57,800 | $74,200 | $96,500 | $162,975 | $273,600 |
| 53210 | $40,900 | $68,100 | $99,900 | $139,750 | $212,200 |
| 53211 | $195,500 | $254,800 | $322,600 | $450,025 | $690,370 |
| 53212 | $55,700 | $76,900 | $137,850 | $212,800 | $292,800 |
| 53213 | $174,050 | $242,900 | $295,150 | $366,400 | $478,200 |
| 53214 | $124,200 | $146,700 | $170,500 | $195,100 | $216,500 |
| 53215 | $81,008 | $103,800 | $132,600 | $164,100 | $199,600 |
| 53216 | $57,300 | $87,500 | $116,800 | $141,175 | $165,100 |
| 53217 | $219,400 | $285,400 | $374,900 | $528,100 | $763,900 |
| 53218 | $64,700 | $85,400 | $109,700 | $129,800 | $148,300 |
| 53219 | $137,470 | $156,700 | $178,400 | $204,400 | $231,830 |
| 53220 | $142,700 | $165,100 | $190,000 | $226,100 | $267,900 |
| 53221 | $122,600 | $160,350 | $191,500 | $227,650 | $271,100 |
| 53222 | $117,400 | $143,900 | $173,250 | $214,500 | $269,170 |
| 53223 | $54,800 | $107,600 | $164,600 | $216,900 | $288,500 |
| 53224 | $33,900 | $103,000 | $163,300 | $211,900 | $322,200 |
| 53225 | $104,680 | $133,300 | $155,700 | $199,300 | $248,700 |
| 53226 | $193,700 | $233,200 | $290,700 | $371,475 | $459,230 |
| 53227 | $156,760 | $179,000 | $199,500 | $231,400 | $281,240 |
| 53228 | $150,210 | $196,400 | $242,450 | $302,800 | $383,190 |
| 53233 | $45,220 | $65,750 | $97,800 | $162,700 | $245,040 |
Source: Ownwell
Property Tax Bills Across Milwaukee, Wisconsin
In Milwaukee, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The tax rate is then applied to this assessed value to determine the final tax bill. Factors such as property size, location, and market conditions are taken into account during the assessment process. For example, the median home price in Milwaukee is $170,200. Homeowners in the 25th percentile can expect to pay around $2,562 annually, while those in the 75th percentile might see bills as high as $5,025. The top 10% of homeowners face even steeper bills, with amounts reaching up to $6,951. The highest median tax bill recorded in Milwaukee is $7,619 in the 53211 zip code, while the lowest is $1,076 in the 53206 zip code. These property taxes significantly impact homeowners by affecting their annual budgets and long-term financial planning. Compared to the national median property tax rate of 0.99%, Milwaukee's rates can be considerably higher, emphasizing the importance of accurate assessments and potential appeals.
Average Milwaukee Tax Bill
$3,724
Average Milwaukee County Tax Bill
$3,903
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Milwaukee, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53202 | $3,599 | $4,698 | $6,510 | $9,486 | $15,625 |
| 53203 | $3,126 | $4,417 | $6,448 | $9,953 | $13,360 |
| 53204 | $1,293 | $1,631 | $2,057 | $2,562 | $3,311 |
| 53205 | $1,057 | $1,316 | $1,876 | $2,888 | $4,300 |
| 53206 | $617 | $802 | $1,076 | $1,452 | $1,802 |
| 53207 | $3,405 | $4,112 | $4,950 | $6,119 | $7,467 |
| 53208 | $1,179 | $1,779 | $3,221 | $4,686 | $5,972 |
| 53209 | $1,340 | $1,726 | $2,267 | $3,615 | $5,688 |
| 53210 | $1,050 | $1,671 | $2,402 | $3,357 | $5,010 |
| 53211 | $4,621 | $5,955 | $7,619 | $10,541 | $15,681 |
| 53212 | $1,402 | $1,869 | $3,379 | $5,093 | $6,974 |
| 53213 | $3,655 | $4,450 | $5,296 | $6,577 | $8,587 |
| 53214 | $2,546 | $2,973 | $3,419 | $3,882 | $4,362 |
| 53215 | $1,945 | $2,476 | $3,148 | $3,899 | $4,731 |
| 53216 | $1,395 | $2,088 | $2,779 | $3,352 | $3,917 |
| 53217 | $4,290 | $5,678 | $7,490 | $10,668 | $15,815 |
| 53218 | $1,569 | $2,043 | $2,614 | $3,082 | $3,517 |
| 53219 | $2,860 | $3,304 | $3,854 | $4,402 | $5,036 |
| 53220 | $2,809 | $3,486 | $4,107 | $4,806 | $5,721 |
| 53221 | $2,572 | $3,526 | $4,298 | $5,072 | $6,126 |
| 53222 | $2,762 | $3,364 | $3,933 | $4,691 | $5,587 |
| 53223 | $1,267 | $2,671 | $3,681 | $4,642 | $5,931 |
| 53224 | $807 | $2,395 | $3,862 | $5,027 | $7,569 |
| 53225 | $2,508 | $3,150 | $3,626 | $4,348 | $5,191 |
| 53226 | $3,533 | $4,226 | $5,244 | $6,679 | $8,252 |
| 53227 | $3,021 | $3,450 | $3,925 | $4,724 | $5,681 |
| 53228 | $3,071 | $4,218 | $5,050 | $6,159 | $7,786 |
| 53233 | $1,150 | $1,601 | $2,389 | $3,970 | $5,817 |
Source: Ownwell