What are property taxes based off of in Wisconsin
@Steve Bittorf estimated fair market value plus some formula. Every county in the state can be different. There's no simple answer to your question.
(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.
Here in Milwaukee, the tax dollars go toward:
- Public Schools
- Local Technical Colleges
- Public Works
- Public Safety
- Culture & Recreation
- General Government
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.