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Milwaukee North News

Saturday, November 23, 2024

Milwaukee County effective property tax rate in Q4 2022 was higher than the national average

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Property owners in Milwaukee County paid 1.6% of the value of their homes in property taxes in the fourth quarter of 2022, which is more than 1.5 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 fourth quarter of 2022 was $185,000, based on data from the 4,762 properties sold during that time. In 2018 the median tax bill for the county was $2,981, which is 1.6% of the median value of the homes that were taxed.

This is 1.5 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 Shorewood and Hales Corners paid the highest rates.

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

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
Shorewood25$383,500$10,9532.9%
Hales Corners29$225,500$6,1802.7%
Glendale99$250,000$6,1182.4%
West Milwaukee16$177,500$4,2562.4%
West Allis344$185,000$4,5272.4%
Fox Point42$383,750$9,0902.4%
Cudahy112$187,800$4,4972.4%
South Milwaukee111$202,800$4,5762.3%
Milwaukee2,892$148,000$3,3692.3%
Greenfield195$218,300$4,9872.3%
Whitefish Bay93$440,000$9,5012.2%
Brown Deer79$215,000$4,6302.2%
Bayside24$422,711$9,3552.2%
Greendale81$285,000$6,1462.2%
Franklin181$315,400$6,6452.1%
River Hills11$825,000$17,5922.1%
Wauwatosa255$285,000$5,8092%
St. Francis55$215,500$4,3172%
Oak Creek118$295,000$5,4891.9%

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