Franksville, Racine County, Wisconsin Property Taxes
Property Taxes in Franksville, Wisconsin
Median Franksville, Wisconsin effective property tax rate: 0.97%, significantly lower than the national median of 1.02%, and lower than the Wisconsin state median of 1.43%.
Median Franksville, Wisconsin home value: $407,133
Median annual Franksville, Wisconsin tax bill: $4,345, $1,945 higher than the national median property tax bill of $2,400.
How are property taxes in Racine calculated?
Property taxes in Franksville, 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 Franksville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Franksville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Franksville, Racine County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.97%
Estimate Property Tax Bill
$3,949
$3,665
How Does the Franksville Property Tax Calculator Work?
Use this Franksville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Franksville's median effective tax rate of 0.97% — based on actual property records in Racine County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment 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 Franksville'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 Franksville: rates range from 0.97% in 53126 to 0.97% in 53126, 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 Franksville.
About Franksville Property Taxes
About Property Taxes in Franksville, Racine, Wisconsin
Franksville’s median effective property tax rate of 0.97% is lower than the Wisconsin state median of 1.43% and lower than the national median of 1.02%. This rate reflects the Racine 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 Franksville. Homeowners in the 53126 ZIP code carry a median effective rate of 0.97%, while those in the lowest ZIP also pay 0.97%. This spread reflects how school district boundaries and local assessment districts are drawn across Racine County. Understanding which part of Franksville you live in can make a meaningful difference to your annual tax bill.
Franksville 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 Franksville, Racine 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 Franksville'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 Ă· 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 Franksville Tax Rate
0.97%
Our median effective property tax rate (tax bill Ă· 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 Racine County Tax Rate
1.51%
Median Effective Wisconsin Tax Rate
1.43%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Franksville, Racine County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53126 | 0.89% | 0.92% | 0.97% | 1.17% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Franksville, Racine County, Wisconsin
When examining property taxes in Franksville, 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 Racine 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 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 Racine County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the month.
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. For example, the median home price in Franksville is $407,133, with tax bills ranging significantly across the county. ZIP code 53126 has the highest median home price at $407,133.
Property Tax Assessment Values Across Franksville, Racine County, Wisconsin
Source: Ownwell
$92,997
$260,282
$427,567
Median Franksville Market Value
$407,133
Median Racine County Market Value
$252,753
Median Wisconsin Market Value
$237,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Franksville, Racine County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53126 | $239,290 | $303,402 | $407,133 | $578,546 | $766,761 |
Source: Ownwell
Property Tax Bills Across Franksville, Racine County, Wisconsin
Property tax bills in Franksville are calculated by applying local tax rates to a home’s assessed market value. The assessed value is based on what the property is worth in the market, and that figure is used to determine how much tax a homeowner owes. In Racine County, the median home price is $407,133, which helps show the level at which many tax bills are built.
Several factors can influence the final bill, including the home’s assessed value, the local tax rate, and any exemptions a homeowner may qualify for. In Franksville, the 25th percentile tax bill is $3,091, the 75th percentile tax bill is $5,970, and the 90th percentile tax bill is $8,119. The median tax bill is $4,345 in ZIP code 53126.
For homeowners, a higher assessed value or tax rate can mean a larger annual bill, which can affect monthly budgeting and long-term housing costs.
Median Franksville Tax Bill
$4,345
Median Racine County Tax Bill
$4,180
Median Wisconsin Tax Bill
$3,453
Median United States Tax Bill
$2,400
Property Tax Bills Across Franksville, Racine County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53126 | $2,347 | $3,091 | $4,345 | $5,970 | $8,119 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 29 |
Links | |
|---|---|
| Racine Tax Assessor | |
| Website | ascent.racinecounty.gov |