Wisconsin Property Tax Calculator

Michigan Property Tax Calculator

Michigan Property Tax Calculator

Estimate your property taxes based on Michigan's assessment rates and mill rates

1
Property Details
2
Location
3
Owner Info
4
Exemptions
5
Results
Michigan Assessment Rates
Michigan assesses properties at 50% of true cash value with an average effective property tax rate of ~1.15%. Taxable value increases are capped at 5% per year or the rate of inflation, whichever is less.

Property Details

Enter the true cash value (market value) of your property in USD

Please enter a valid true cash value

Enter the previous year's taxable value (if known)

Current inflation rate (default: 2.3%)

Different property types have different tax rates in Michigan

Please select a property type

Enter the total square footage of the property

Please enter valid square footage

Enter the total acreage of the property

Please enter valid acreage

Enter the year the property was constructed

Please enter a valid year

The year for which you want to calculate property taxes

Please select an assessment year

Principal residences qualify for the Principal Residence Exemption (PRE)

Recent purchases may trigger a taxable value "uncapping"

Location Information

Your county determines some of your tax rates

Please select a county

Your city/township determines your local millage rates

School districts have their own millage rates

Special assessment districts may have additional millage rates

Owner Information

Your ownership status may affect exemption eligibility

Please select an ownership status

Enter how many years you've owned the property

Please enter a valid duration

Enter owner's age (required for certain exemptions)

Please enter a valid age

Required for Homestead Property Tax Credit eligibility

Disabled veterans may qualify for property tax exemptions

Seniors may qualify for additional property tax credits

Exemption Eligibility

Check all exemptions that apply to your property

Exempts property from up to 18 mills of school operating taxes

100% exemption for qualifying disabled veterans

For low-income homeowners who meet local guidelines

State income tax credit for qualifying homeowners and renters

Exempts property from up to 18 mills of school operating taxes

For qualifying industrial properties

For qualifying residential properties in designated zones

For qualifying rehabilitated commercial properties

For qualifying rehabilitated obsolete properties

Property Tax Assessment Results

Assessment Summary

True Cash Value: $0
State Equalized Value (SEV): $0
Previous Taxable Value: $0
Capped Value Increase: $0
Current Taxable Value: $0

Millage Rate Information

County Operating Millage: 0.00
City/Township Millage: 0.00
School Operating Millage: 0.00
School Debt Millage: 0.00
State Education Tax: 6.00
Special Assessment Millage: 0.00
Total Millage Rate: 0.00

Tax Calculation

County Tax: $0
City/Township Tax: $0
School Operating Tax: $0
School Debt Tax: $0
State Education Tax: $0
Special Assessment Taxes: $0
Total Property Tax: $0
Homestead Property Tax Credit: $0
Net Annual Tax Amount: $0
Effective Tax Rate: 0.00%

Payment Information

Summer Tax Due: $0
Winter Tax Due: $0
Summer Tax Due Date: July 1 (payable by September 14)
Winter Tax Due Date: December 1 (payable by February 14)

Disclaimer: This calculator provides an estimate of property taxes based on the information provided. Actual tax amounts may vary. Please consult with your local tax assessor's office for official tax information.

With our free, quick, and accurate Wisconsin Property Tax Calculator, easily project your yearly property tax liability in Wisconsin. See your entire tax bill and monthly breakdown by just entering the assessed value of your property, local mill rate, and relevant exemption.

This Calculator: What Is It?

A Wisconsin Property Tax Calculator is a specific tool designed to assist homeowners and potential purchasers in approximating their annual property tax depending on local assessment ratios, mill rates, and exemptions.

Entering the assessed value of your property, tax rate (in mills), and any credits or exemptions will help you to precisely know your annual obligation and guide your housing budget.

Why It Matters

Particularly in Wisconsin where rates vary greatly by county and municipality, property taxes sometimes account for a sizable fraction of homeownership expenses. Advance knowledge of your expected property tax will help you:

  • Accurate monthly mortgage and escrow budgeting
  • Analyze the tax loads in several communities
  • See the effects of exemptions like the Wisconsin Property Tax Credit
  • Whether you are refinancing, purchasing, or selling a house, make wise decisions

Brief History

  • Wisconsin’s property tax system originated in the 1800s, inspired by conventional English land tax.
  • Originally in charge of both value assessment and tax collection were counties.
  • In 1911, the state established the Equalization Board to guarantee equitable assessments throughout all counties.
  • Local governments began expressing tax rates in “mills,” or tenths of a cent per dollar of assessed value (1 mill = $1 tax per $1,000 of assessed value).
  • Wisconsin later introduced credits such as the School Levy Tax Credit and Property Tax Credit and implemented annual increase caps for some properties.
  • Online calculators emerged to help homeowners estimate taxes based on current mill rates and exemption rules.

How It’s Done

Formula:
Assessed Value × Assessment Ratio × Mill Rate ÷ 1,000 − Credits/Exemptions = Net Property Tax

Key Elements:

  • Assessed Value: Determined by your county assessor; typically 100% of full market value.
  • Assessment Ratio: Generally 100% for most property types in Wisconsin.
  • Mill Rate: Sum of municipal, county, school, and special district rates, expressed in mills.
  • Credits and Exemptions: State/local benefits like the Homestead Credit or School Levy Tax Credit.

Step-by-Step Instructions

  1. Input Assessed Value
    Found on your assessor’s notice.
  2. Verify Assessment Ratio
    Usually 100%; may vary for agriculture/manufacturing.
  3. Input Mill Rate
    Example: 25.75 mills (local total rate).
  4. Apply Credits/Exemptions
    Add School Levy, Homestead Credit, Veteran Exemption, etc.
  5. Calculate Using the Tool
  • Gross Tax: Before applying any credits
  • Credits Applied
  • Net Tax Owed
  • Monthly Estimate (if using escrow)

Important Tools and Materials

Term Definition
Assessed Value Property valuation by county assessor
Assessment Ratio Percentage of market value taxed (usually 100% in WI)
Mill Rate (per $1,000) Combined local tax rate in mills
School Levy Tax Credit State credit reducing school district taxes
Homestead Credit Income-based credit for eligible homeowners
Other Exemptions Local/state exemptions for veterans, seniors, disabled, etc.

Variations in Cost Types and Results

Scenario Assessed Value Mill Rate Credits Gross Tax Total Credit Net Tax Monthly Effective Rate
1 $120,000 25.00 School Levy: $150 $5,000.00 $150.00 $4,850.00 $404.17 2.43%
2 $350,000 23.50 School Levy: $200; Homestead: $300 $8,225.00 $500.00 $7,725.00 $643.75 2.21%
3 $150,000 28.75 Homestead: $250 $4,312.50 $250.00 $4,062.50 $339.54 2.71%
4 $500,000 22.00 School Levy: $400; Vet Exempt: $180 $11,000.00 $580.00 $10,420.00 $868.33 2.08%
5 $275,000 26.10 School Levy: $175; Local Abate: $100 $7,177.50 $275.00 $6,902.50 $575.21 2.51%

Interactive Tables and Charts

Typical Mill Rates by County (2024)

County Mill Rate
Milwaukee 26.40
Dane 18.75
Waukesha 20.10
Brown 24.50
Outagamie 23.20

Pie Chart Example: $350,000 Home (23.50 Mills, $7,725 Net)

  • Municipal: 45%
  • School District: 35%
  • County: 15%
  • Special District: 5%

Frequently Asked Questions (FAQs)

Q1: What is a mill rate?
A mill rate is the tax per $1,000 of assessed property value. For example, 25 mills = $25 in tax per $1,000 of value.

Q2: Where can I find my assessed value and mill rate?
Check your County Assessor’s office or website. Mill rates are published by local taxing authorities.

Q3: What credits are available in Wisconsin?

  • School Levy Tax Credit
  • Homestead Credit (income-based)
  • Veterans Exemption (for eligible disabled veterans)

Q4: Why is my effective tax rate different from the mill rate ÷ 1,000?
Because credits and exemptions lower your net tax, the effective rate reflects net tax divided by assessed value.

Q5: Can this calculator be used for commercial or rental properties?
Yes. Just input the correct value and applicable mill rate. Credits differ for non-owner-occupied properties; check with your assessor.

Further Materials & Related Calculators

  • Wisconsin Homestead Credit Calculator
  • County Mill Rate Lookup Tool
  • Wisconsin Mortgage & Escrow Estimator
  • Across State Property Tax Comparison Calculator
  • Wisconsin Commercial Property Tax Calculator

Filled Sample for Quick Use

  • Assessed Value: $350,000
  • Assessment Ratio: 100%
  • Mill Rate: 23.50
  • School Levy Credit: $200
  • Homestead Credit: $300
  • Net Annual Tax Due: $7,725.00
  • Monthly Payment Estimate: $643.75
  • Effective Tax Rate: 2.21%

Disclaimer: Estimates from this calculator are based on the most recent Wisconsin tax laws. For the most accurate figures, always confirm specifics with your County Assessor’s office.

Find other property tax calculators for other states of USA here: