Racine, Racine County, Wisconsin Property Taxes

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

Median Racine, WI effective property tax rate: 2.17%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Racine, WI home value: $161,693
Median annual Racine, WI tax bill: $3,476, $1,076 higher than the national median property tax bill of $2,400.

How are property taxes in Racine calculated?

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

Last Updated March 1, 2025

Racine, Racine County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.17%

Estimate Property Tax Bill

$3,509

$3,256

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

Property Tax Rates Across Racine, Racine County, Wisconsin

Local government entities are responsible for setting property tax rates, which can vary widely even within a single state. This variation occurs because each county, including Racine County in Wisconsin, estimates its budgetary needs annually to provide essential services. They then divide this budget by the total assessed value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and legislation play a role in determining these rates and budgets, this is the core process each year.

Racine's effective property tax rate can be compared to other cities in Wisconsin, as well as to the median property tax rates in the state and across the U.S. Racine County's median property tax rate stands out at 2.17%, significantly higher than the national median of 1.02%. Within Racine, the highest median tax rate is 2.22% in ZIP code 53403, while the lowest is 1.68% in ZIP code 53406. Understanding these rates can help homeowners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Racine, Racine County, Wisconsin

Source: Ownwell

0.83%

1.53%

2.22%

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 Racine Tax Rate

2.17%

Median Effective Racine County Tax Rate

1.64%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Racine, Racine County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
53402	1.54%	1.59%	1.71%	2.20%	2.40%
53403	1.68%	2.15%	2.22%	2.41%	2.96%
53404	1.59%	2.01%	2.18%	2.45%	3.12%
53405	1.72%	2.16%	2.19%	2.34%	2.72%
53406	1.56%	1.59%	1.68%	2.19%	2.35%
53408	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Racine, Racine County, Wisconsin

When examining property taxes in Racine, 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 Racine 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 Racine 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 Racine.

For example, the median home price in Racine is $161,693, with tax bills ranging significantly across the county. Zip code 53406 has the highest median home price at $215,658.

Property Tax Assessment Values Across Racine, Racine County, Wisconsin

Source: Ownwell

$81,109

$214,390

$347,670

Median Racine Market Value

$161,693

Median Racine County Market Value

$210,852

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across Racine, Racine County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
53402	$120,716	$153,940	$204,885	$290,328	$358,992
53403	$63,126	$88,598	$129,576	$162,801	$203,778
53404	$57,589	$79,738	$121,823	$160,585	$233,260
53405	$102,996	$125,146	$151,725	$182,736	$222,606
53406	$143,100	$177,198	$215,658	$290,793	$381,694
53408	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Racine, Racine County, Wisconsin

In Racine, WI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimate of the property's market value, which can fluctuate based on factors such as location, home improvements, and market trends. Racine's property tax bills vary significantly, with the 25th percentile at $2,686 and the 75th percentile reaching $4,407, indicating a wide range in tax burdens. The highest median tax bill in Racine is $4,175 in the 53406 zip code, while the lowest is $2,777 in the 53404 zip code. Compared to the national median property tax bill of $2,400, Racine's taxes can be quite burdensome for homeowners. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only their fair share. Through personalized consultations and strategic appeals, Ownwell empowers homeowners to achieve significant savings on their property taxes.

Property Tax Bills Across Racine, Racine County, Wisconsin

Source: Ownwell

$1,409

$3,421

$5,432

Median Racine Tax Bill

$3,476

Median Racine County Tax Bill

$3,592

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across Racine, Racine County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
53402	$2,441	$3,112	$3,847	$4,874	$6,013
53403	$1,458	$2,151	$2,961	$3,775	$4,768
53404	$1,345	$1,901	$2,777	$3,524	$4,356
53405	$2,235	$2,811	$3,439	$4,200	$4,988
53406	$2,232	$3,401	$4,175	$5,101	$6,215
53408	N/A	N/A	N/A	N/A	N/A

Source: Ownwell