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Milwaukee North News

Friday, October 4, 2024

Milwaukee County effective property tax rate in Q3 2022 was higher than the national average

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Property owners in Milwaukee County paid 1.5% of the value of their homes in property taxes in the third quarter of 2022, which is more than 1.3 times the national average, according to the real estate analysis posted by the Milwaukee North News.

The median sales price of a Milwaukee County home in the third quarter of 2022 was $200,000, based on data from the 6,133 properties sold during that time. In 2018 the median tax bill for the county was $2,981, which is 1.5% of the median value of the homes that were taxed.

This is 1.3 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Milwaukee County real estate data showed homeowners in West Milwaukee and Shorewood paid the highest rates.

The following table compares West Milwaukee with some other cities belonging to Milwaukee County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2022.

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
West Milwaukee16$159,950$4,2562.7%
Shorewood38$428,750$10,9532.6%
Glendale120$250,000$6,1182.4%
River Hills22$739,950$17,5922.4%
South Milwaukee144$195,350$4,5762.3%
West Allis516$197,150$4,5272.3%
Greenfield250$224,950$4,9872.2%
Franklin231$308,000$6,6452.2%
Greendale98$277,000$6,1462.2%
Hales Corners42$278,500$6,1802.2%
St. Francis75$198,000$4,3172.2%
Milwaukee3,584$157,850$3,3692.1%
Bayside36$449,500$9,3552.1%
Cudahy123$215,000$4,4972.1%
Whitefish Bay129$471,800$9,5012%
Brown Deer87$227,800$4,6302%
Fox Point59$445,000$9,0902%
Wauwatosa393$309,000$5,8091.9%
Oak Creek170$299,650$5,4891.8%

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