Milwaukee, Milwaukee County, Wisconsin Property Taxes

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

Median Milwaukee, WI effective property tax rate: 2.38%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Milwaukee, WI home value: $170,200
Median annual Milwaukee, WI tax bill: $3,724, $1,324 higher than the national median property tax bill of $2,400.

How are property taxes in Milwaukee calculated?

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

Last Updated March 1, 2025

Milwaukee, Milwaukee County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.38%

Estimate Property Tax Bill

$4,051

$3,759

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

Property Tax Rates Across Milwaukee, Milwaukee County, Wisconsin

Local government entities determine property tax rates, which can significantly differ across a state due to varying budgetary needs. Each year, counties estimate the budget necessary to maintain services and divide this by the total assessed value of all taxable properties within their boundaries. This calculation determines the property tax rate. Although the process involves votes and legislation, this is the basic annual procedure.

In Milwaukee, located in Milwaukee County, the effective property tax rate is notably higher than both the state and national medians. Milwaukee's rate stands out in Wisconsin, with the highest median rate seen in the 53204 zip code. In contrast, the lowest median rate in the county is found in the 53226 zip code. When compared to the national median property tax rate of 1.02%, Milwaukee's rate is significantly higher, reflecting the unique financial requirements and valuation of properties in the area. Understanding these differences is crucial for property owners considering an appeal or seeking exemptions, as it highlights the potential for savings and the importance of local tax dynamics.

Property Tax Rates Across Milwaukee, 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 Milwaukee Tax Rate

2.38%

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 Milwaukee, Milwaukee County, 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, Milwaukee County, Wisconsin

When examining property taxes in Milwaukee, 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 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 Milwaukee 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 Milwaukee.

For example, the median home price in Milwaukee is $170,200, with tax bills ranging significantly across the county. Zip code 53217 has the highest median home price at $374,900.

Property Tax Assessment Values Across Milwaukee, Milwaukee County, Wisconsin

Source: Ownwell

$8,900

$329,250

$649,600

Median Milwaukee Market Value

$170,200

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 Milwaukee, Milwaukee County, 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, Milwaukee County, Wisconsin

In Milwaukee, WI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which can fluctuate with real estate trends. Homeowners in Milwaukee face a median property tax bill that is significantly higher than the national median of $2,400, with amounts ranging from $2,562 at the 25th percentile to $6,951 at the 90th percentile. The highest median tax bill in the area is $7,619 in the 53211 ZIP code, while the lowest is $1,076 in the 53206 ZIP code. These variations highlight the impact of neighborhood and property value on tax liabilities. Homeowners may find their budgets strained by these costs, particularly in areas with rapidly appreciating real estate values. Ownwell assists by providing property tax appeal services, potentially lowering tax bills. By analyzing assessments and market conditions, Ownwell identifies opportunities for savings, offering a valuable resource for Milwaukee homeowners seeking to manage their property tax expenses effectively.

Property Tax Bills Across Milwaukee, Milwaukee County, Wisconsin

Source: Ownwell

$152

$7,571

$14,989

Median Milwaukee Tax Bill

$3,724

Median Milwaukee County Tax Bill

$3,903

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Milwaukee, Milwaukee County, 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