Oak Creek, Milwaukee County, Wisconsin Property Taxes

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

Median OAK CREEK, WI effective property tax rate: 1.76%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median OAK CREEK, WI home value: $303,600
Median annual OAK CREEK, WI tax bill: $5,384, $2,984 higher than the national median property tax bill of $2,400.

How are property taxes in Milwaukee calculated?

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

Last Updated March 1, 2025

Oak Creek, Milwaukee County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.76%

Estimate Property Tax Bill

$5,343

$4,958

Ownwell’s Oak Creek Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Oak Creek with just two data points. By entering your property's estimated assessed value, our calculator applies Oak Creek’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 Oak Creek, Milwaukee County, Wisconsin

Local government entities set tax rates, which can vary widely within Wisconsin. 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. In Oak Creek, located in Milwaukee County, the effective property tax rate is 1.76%, which is significantly higher than the national median property tax rate of 1.02%. This indicates a higher financial commitment towards public services in the area compared to many other parts of the country. The consistent property tax rate across Oak Creek suggests a stable fiscal policy within the zip code 53154. Comparing Oak Creek’s rate to the state median reveals that it is on par with Wisconsin’s median tax rate, highlighting a uniformity within the region. Understanding these rates is crucial for property owners looking to manage their expenses and potentially appeal their property tax assessments.

Property Tax Rates Across Oak Creek, 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 Oak Creek Tax Rate

1.76%

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 Oak Creek, Milwaukee County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
53154	1.71%	1.74%	1.76%	1.78%	1.83%

Source: Ownwell

Property Tax Assessment Values Across Oak Creek, Milwaukee County, Wisconsin

When examining property taxes in Oak Creek, 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.

In Milwaukee County, assessment notices are sent 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 Oak Creek.

For example, the median home price in Oak Creek is $303,600, with tax bills ranging significantly across the county. Zip code 53154 has the highest median home price at $303,600.

Property Tax Assessment Values Across Oak Creek, Milwaukee County, Wisconsin

Source: Ownwell

$8,900

$329,250

$649,600

Median Oak Creek Market Value

$303,600

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 Oak Creek, Milwaukee County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
53154	$169,120	$239,300	$303,600	$370,100	$449,020

Source: Ownwell

Property Tax Bills Across Oak Creek, Milwaukee County, Wisconsin

In Oak Creek, Milwaukee County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the property tax bill. With a median home price of $303,600, homeowners in Oak Creek can expect their property tax bills to vary significantly. The median tax bill in the area is $5,384, which is notably higher than the national median property tax bill of $2,400. This suggests that property taxes in Oak Creek are a significant expense for homeowners, affecting their overall cost of living.

Ownwell can help homeowners in Oak Creek by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in reducing their property tax liabilities. This means potential savings on property tax bills, offering some financial relief. With Ownwell's expertise, Oak Creek homeowners can ensure they are not overpaying on their property taxes, helping to ease the burden on their finances.

Property Tax Bills Across Oak Creek, Milwaukee County, Wisconsin

Source: Ownwell

$152

$7,571

$14,989

Median Oak Creek Tax Bill

$5,384

Median Milwaukee County Tax Bill

$3,903

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Oak Creek, Milwaukee County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
53154	$3,229	$4,260	$5,384	$6,606	$8,087

Source: Ownwell