Milwaukee property assessments; homeowners surprised by increases
MILWAUKEE - There is sticker shock as Milwaukee homeowners get their new property assessments. On average, Milwaukee properties are up about 17%. But average home assessments are up even more.
"It was kind of shocking," said one Milwaukee homeowner who has owned their home in Bay View for more than 40 years. They were surprised by the $30,000 increase in their home assessment. READ MORE
Average homeowner in state will see 3% reduction.
Here is some holiday cheer: as prices of everything go up amid inflation and supply-chain worries, there may be some savings coming your way in the property tax bill that will soon be in your mailbox.
The last, best estimate by the Legislature’s budget office says the after-credits property tax bill on a median-valued home will be $3,214 — a $101, or 3%, decrease from the bill that homeowner opened last December.
