Taxes

Wisconsin ranks 39th according to the Tax Foundation’s 2017 State Business Tax Climate Index. The index compare states across 5 areas of taxation. Wisconsin ranked 30th in corporate taxes, 7th in sales taxes, 36th in unemployment insurance taxes and ranked 34th  in property taxes. Neighboring states Minnesota 43rd and Iowa 47th ranked significantly higher in corporate taxes, while Illinois ranked 26th. Wisconsin ranks higher for unemployment insurance taxes than neighboring states Illinois 38th and Michigan 47th.  The report also ranked Wisconsin 43rd in individual income taxes, however miscalculations by the U.S. Census Bureau may have Wisconsin ranked higher than actual: Tax Flub Article from Journal Sentinel

Note: A rank of 1 is best, 50 is worst.

State Tax Rates
State Corporate Tax: 7.9%*
State Personal Income Tax: 4.0% to 7.65%
State / County Sales Tax: 5.6%
Wisconsin Department of Revenue. Updated 2.15.2017
Property Tax Rates
Assessment Ratio Tax Roll Mill Rate
(per $1,000 EAV)
Nominal Tax Rate Effective Rate
City of West Bend .9742 19.42 0.01942 0.018919
City of Hartford .9970 18.04 0.01804 0.017986
Village of Germantown .9901 16.27 0.01627 0.016109
Village of Jackson
(NW Business Park)
 .9418 20.22 0.02022 0.019043
Village of Jackson
(Slinger District)
.9418 20.31 0.02031 0.019128
Village of Slinger .9545 17.50 0.01750 0.016704
Village of Richfield
(Endeavor Business Park)
.9885 13.23 0.01323 0.013078
Village of Richfield
(Beechwood Industrial)
.9885 13.58 0.01358 0.013423
Village of Kewaskum 1.0277 17.51 0.01751 0.017995
Village of Newburg 1.0895 17.12 0.01712 0.018652
Washington County Tax Rates for 2016, updated 2.15.2017.

Additional Details

Individual Income Tax

There are four tax brackets for both single and married taxpayers. The top rate for both is 7.65%, beginning at income levels of $240,190 and $320,250, respectively.

* Corporate Income Tax

Wisconsin’s corporate income tax system consists of a flat rate of 7.9%. That rate ranks 5th highest among states levying a corporate income tax. Wisconsin offers a Manufacturing and Agriculture tax credit of 7.5%, which would result in a possible 0.4% corporate tax rate in 2016 and beyond.

The Tax Foundation. (2015). Updated 1.5.2016

Sales and Excise Tax

The Wisconsin sales and use tax are both 5% for consumers, which is below the national average of 5.85%.

Exemptions

  • Production fuel and electricity
  • Machines and specific processing equipment which are used by a manufacturer in manufacturing tangible personal property

For more information on Sales and Use Tax Exemptions, contact the Wisconsin Department of Revenue at (608)261-6261.

The Washington County sales tax rate is .5%, and the stadium tax rate is .1%. The total amount that consumers will be charged is 5.6% on purchases.

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