Wisconsin Posts 5th Highest Property Tax Rate in New National Study

Wisconsin ranked 47th in the nation in a recent WalletHub analysis of which states have the lowest property tax rate.

On average, American households pay nearly $2,300 in property taxes on their homes annually, according to the WalletHub study.

In Wisconsin, the effective property tax rate was 1.94 percent, meaning that the annual tax bill on a $194,000 home was $3,756, WalletHub reported. The median home value in Wisconsin was estimated at $169,300, and owners of median-value homes paid $3,286 in property taxes annually.