Property Taxes in Wisconsin
Wisconsin's effective property tax rate is 1.25%, ranking #41 out of 50 states (1 = lowest). The median annual property tax paid is $3,722.
Wisconsin's property tax rates are above the national average, with the state's school levy, county levy, and municipal levy combining for effective rates that vary significantly between communities. Property is assessed at full market value (100% assessment ratio), and state law requires municipal assessors to maintain accuracy within 10% of market value. Wisconsin's school levy credit provides a modest reduction on all property tax bills, and the homestead credit through the state income tax return provides additional relief for lower-income homeowners. The Lottery and Gaming Credit reduces property taxes for primary residences.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
1.25%
Median Annual Tax
$3,722
National Rank
#41 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $2,500 | $208 |
| $300,000 | $3,750 | $313 |
| $400,000 | $5,000 | $417 |
| $500,000 | $6,250 | $521 |
| $750,000 | $9,375 | $781 |
* Based on the average effective rate of 1.25%. Actual rates vary by county and municipality.
Homestead Exemption in Wisconsin
Up to $75,000
File for the homestead exemption after purchasing your primary residence in Wisconsin to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How Wisconsin Compares
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