Milwaukee, WI — income, home value, property tax, and sales tax.
In ZIP code 53233, on Milwaukee's near west side, a median home value of $137,500 carries a county property tax rate of 1.93%, which works out to roughly $2,650 a year in taxes alone. That figure looms large against a median household income of $23,750 and per-capita income of $13,962. Sales taxes add 7.90% to most purchases, trimming what's left after housing costs. Homes here cost far less than in many parts of metro Milwaukee, yet the gap between what properties are worth and what residents earn keeps ownership a genuine stretch rather than an easy step.
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