What Homeowners Should Know About Property Taxes in Southeast Wisconsin

Understanding Property Taxes in Southeast Wisconsin

Property taxes play a big role in home ownership—funding schools, roads, and local services that make Southeast Wisconsin a great place to live. But, if you’re new to the area or recently bought a home, understanding how those taxes are calculated can help you plan ahead and avoid surprises.

Here’s a simple breakdown from Accent Realty to help you feel confident about what to expect.

💡 How Property Taxes Are Calculated

Property taxes in Wisconsin are based on the assessed value of your property and the local tax rate (called a mill rate).

Here’s the basic formula: Assessed Value × Mill Rate = Property Tax

• Assessed Value: Determined by your city or town assessor, based on market value and property characteristics.

• Mill Rate: The amount of tax per $1,000 of assessed value, set by local governments (city, county, school district, and technical college).

  
  

👉 For example, if your home is assessed at $300,000 and your combined local mill rate is 20, your annual property tax would be around $6,000.

📍 Tax Rates Vary by Community

Rates differ across Southeast Wisconsin communities. Here’s a general idea of how they compare:

• City of Kenosha: Typically among the higher rates due to city services and schools.

• Pleasant Prairie: Slightly lower mill rate but often higher property values.

• Somers, Bristol, and Salem Lakes: Rural and suburban areas often see modestly lower tax rates.

  
  

Each community publishes its annual tax roll and assessment report—Accent Realty can help you find the current one for your area.

🗓️ When Are Property Taxes Due?

Wisconsin homeowners usually receive their property tax bill in December, covering the calendar year. You can pay:

• In full by January 31, or

• In two installments (January 31 and July 31) depending on your municipality.

  
  

Missed payments can lead to penalties, so set a reminder—or check if your mortgage includes escrowed tax payments (many do).

🔍 What If You Think Your Assessment Is Too High?

If your property’s assessed value seems inaccurate, you have the right to appeal your assessment. Steps include:

1. Review your assessment notice carefully.

2. Compare similar homes in your neighborhood.

3. Attend your local Open Book session to discuss with the assessor.

4. File a formal appeal with the Board of Review if needed.

   
   

Accent Realty often helps clients prepare comparable listings and sales data to support an appeal.

🏘️ How Property Taxes Affect Home Buyers & Sellers

For buyers: Property taxes are a key part of your monthly home ownership budget. Always review recent tax bills when evaluating a home.

For sellers: Current tax information is typically disclosed during listing and closing—buyers appreciate clarity on annual costs.

Todd and Tracy always advise factoring taxes into your affordability and pricing strategy from day one.

✅ Accent Realty’s Advice

• Review your tax bill every year—make sure exemptions (like the Wisconsin Lottery and Gaming Credit) are applied.

• Keep an eye on local development and school referendums—they can impact future tax rates.

• Ask your lender whether your property taxes are included in your mortgage payment (escrowed) or paid separately.

  
  

📞 Questions About Property Taxes or Home Values?

Accent Realty has helped Kenosha and Pleasant Prairie homeowners navigate every aspect of buying, selling, and owning for over 25 years. We can connect you with trusted local resources and help you understand how taxes fit into your long-term home plan.

Contact us today to schedule a free consultation or market review.