What are property taxes based off of in Wisconsin

4 Replies

@Steve Bittorf, like @Jeff Cichocki said, every municipality sets their own rate. The basic formula is 

(total municipality expenditures) divided by (total assessed value of all property in the city) = tax rate applied to all property. 

There is a pretty big range in rates from city to city, usually 1.5 to 3.0 percent. 

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the taxes are calculated on the taxing authority (municipality or township) MIL Rate, per $1000 of assessed value. each township or municipality publishes their MIL rate as public record.