Franklin, Milwaukee County, Wisconsin Property Taxes
Property Taxes in Franklin, Wisconsin
Median Franklin, Wisconsin effective property tax rate: 1.53%, significantly higher than the national median of 1.02%, and higher than the Wisconsin state median of 1.43%.
Median Franklin, Wisconsin home value: $368,300
Median annual Franklin, Wisconsin tax bill: $5,649, $3,249 higher than the national median property tax bill of $2,400.
How are property taxes in Milwaukee calculated?
Property taxes in Franklin, Wisconsin are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Franklin's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Franklin, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Franklin, Milwaukee County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.53%
Estimate Property Tax Bill
$5,635
$5,229
How Does the Franklin Property Tax Calculator Work?
Use this Franklin property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Franklin's median effective tax rate of 1.53% — based on actual property records in Milwaukee County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Franklin's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Franklin: rates range from 1.53% in 53132 to 1.53% in 53132, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Franklin.
About Franklin Property Taxes
About Property Taxes in Franklin, Milwaukee, Wisconsin
Franklin’s median effective property tax rate of 1.53% is higher than the Wisconsin state median of 1.43% and higher than the national median of 1.02%. This rate reflects the Milwaukee County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Franklin. Homeowners in the 53132 ZIP code carry a median effective rate of 1.53%, while those in 53132 pay 1.53%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Milwaukee County. Understanding which part of Franklin you live in can make a meaningful difference to your annual tax bill.
Franklin homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 25, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Franklin, Milwaukee County, Wisconsin
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Franklin's effective property tax rate to other cities in Wisconsin and the median property tax rates in Wisconsin and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Franklin Tax Rate
1.53%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Milwaukee County Tax Rate
1.97%
Median Effective Wisconsin Tax Rate
1.43%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Franklin, Milwaukee County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53132 | 1.49% | 1.52% | 1.53% | 1.55% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Franklin, Milwaukee County, Wisconsin
When examining property taxes in Franklin, Wisconsin, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Milwaukee County assessor estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Milwaukee County, assessment notices are sent in April each year. They'll typically reach your mailbox by the middle of April.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Franklin.
For example, the median home price in Franklin is $368,300, with tax bills ranging significantly across the county. 53132 has the highest median home price at $368,300.
Property Tax Assessment Values Across Franklin, Milwaukee County, Wisconsin
Source: Ownwell
$27,700
$417,775
$807,850
Median Franklin Market Value
$368,300
Median Milwaukee County Market Value
$207,700
Median Wisconsin Market Value
$237,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Franklin, Milwaukee County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53132 | $210,700 | $285,100 | $368,300 | $461,850 | $571,940 |
Source: Ownwell
Property Tax Bills Across Franklin, Milwaukee County, Wisconsin
Franklin property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value determined by local assessors. For homeowners, the amount owed depends on both the assessed value of the property and the tax rates set by local governments and school districts. When either the assessment or the tax rate rises, the bill can increase.
With a median home price of $368,300, property taxes in Franklin are a major part of homeownership costs. The median tax bill is $5,649, which is well above the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%. Bills also vary widely across the city, with the 25th percentile at $4,351 and the 75th percentile at $7,142. At the 90th percentile, homeowners pay $8,934, showing how much higher taxes can be for some properties.
Median Franklin Tax Bill
$5,649
Median Milwaukee County Tax Bill
$3,980
Median Wisconsin Tax Bill
$3,453
Median United States Tax Bill
$2,400
Property Tax Bills Across Franklin, Milwaukee County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53132 | $3,125 | $4,351 | $5,649 | $7,142 | $8,934 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 2 |
Links | |
|---|---|
| Milwaukee Tax Assessor | |
| Website | assessments.milwaukee.gov |