53205 Property Tax Rate

Property owners in ZIP code 53205 (Milwaukee, Wisconsin) pay a median of $2,581/year in property taxes on homes valued at $122,100. This translates to an effective tax rate of 2.11%, which is 51% above the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 53205 is approximately $215, which factors into escrow payments on mortgages. This ZIP code is located within Milwaukee County. This is $618 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 53205 has lower property taxes. ZIP codes with similar effective rates include 53223 (2.12%) and 53216 (2.12%).

In Milwaukee, property taxes represent approximately 8.5% of the median household income of $30,300, providing context for the relative tax burden on homeowners in this area.

Wisconsin taxes primary residences at full market value with no state cap; Milwaukee County's 2.20% effective rate is among the state's highest, making tax relief credits essential — file the Homestead Credit and Lottery and Gaming Credit (both income-based) on your state tax return immediately after purchase. Contact the Milwaukee County Assessor to confirm your homestead classification is applied, which enables you to claim state credits that can save hundreds annually. File an assessment appeal with the Milwaukee County Board of Review if your value exceeds comparable sales (deadline typically early March) — this step is particularly valuable given Milwaukee County's higher overall tax burden.