Wisconsin (WI) property tax rate: 1.61% | Median home: $265,000 | Median annual tax: $4,267
Wisconsin is a stable Great Lakes state with affordable family homes. The average effective property tax rate in Wisconsin is 1.61%, which is above the national average of 1.1%.
On the median Wisconsin home valued at $265,000, annual property taxes come to approximately $4,267 or $356/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Wisconsin offers a Homestead Credit for low-income residents based on household income.
Combined with Wisconsin's state income tax rate of 7.65%, homeowners should consider the total tax picture. Property taxes in Wisconsin are a major expense — budget carefully.
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Wisconsin has an average effective property tax rate of 1.61%. On the median home value of $265,000, that equals approximately $4,267 per year or $356 per month.
Property taxes in Wisconsin are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Wisconsin offers a Homestead Credit for low-income residents based on household income.
Wisconsin property taxes are above the national average of 1.1%. Budget carefully for this significant expense when buying a home here.
Property tax due dates vary by county in Wisconsin. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.