Does Wisconsin rank among the states with the highest property taxes?
Several 2023 reports ranked Wisconsin among the states with the highest property taxes.
GoBankingRates in June ranked Wisconsin seventh, with an average effective property tax rate of 1.63%. The rate was calculated by dividing the average annual dollar amount paid by residents ($4,351) by the state's average home value ($266,908).
World Population Review in March ranked Wisconsin sixth, with a median property tax rate of 1.85%. The rate was also calculated using the state's median property tax payment divided by the median home price.
WalletHub in February ranked Wisconsin seventh, with an effective rate of 1.73%. It calculated an annual tax bill of $3,472 on a state median-value home of $200,400.
The Legislature will soon vote on a plan to cut property taxes $795 million over two years, said Howard Marklein, Joint Committee on Finance co-chair.