Sales Tax
Statewide: 5.0%
Local governments can levy an additional sales tax of no more than 0.6%
Current average sales tax (with local taxes included): 5.6%
Common Exceptions at State Level:
Prescription Medicine: Exempt
Unprepared Foods: Exempt
Gasoline Tax: 51.30 cents/gallon (Includes all state, local, and federal taxes)
Diesel Fuel Tax: 57.30 cents/gallon (Includes all state, local, and federal taxes)
Personal Income Tax
Personal Income Tax Rate Range: Four brackets from 3.54% to 7.65% (on income over $332,720, or $443,360 married filing jointly)
Standard deduction: Single Filing Status: $13,960. Married Filing Jointly: $25,840, subject to phase-out
Personal Exemption Allowance: $700. Dependent Exemption: $700. 65 and Over: $250.
Itemized Deductions Allowed? Yes, subject to limitations.
Retirement Income
Social Security: Exempt
401Ks/Defined contribution employer retirement plans: Taxable at ordinary income tax rates*
Private pensions: Taxable at ordinary income tax rates*
Public Pensions: Taxable at ordinary income tax rates*
Military Pay
Active Duty Pay: Exempt if exempt for federal tax purposes.
Military Retirement Pay: Exempt (includes retired USPHS and NOAA officers)
Military Disability Pay: Exempt
VA Dependency & Indemnity Compensation Benefits: Exempt
SBP/SSBP/RCSBP/RSFPP: Exempt
*If 67 and over, may exclude $24,000 of retirement income.
Property Tax
Local municipalities average 1.42% of the property's assessed value.
Calculation of assessed value: Varies by county
Relief programs for:
Disabled Veterans/Surviving Spouses: May be eligible for exemption if 100% service-connected disability.
School Property Tax Credit: Based on property's assessed value as a percentage of municipality's total assessed value.
Low Income: Up to $1,168. Claimed on your state tax return. Must meet income requirements unless 62 or over or disabled. Renters qualify.
65 and Over or Veteran: Deferral programs available if income under $20,000 through the Wisconsin Housing and Development Authority.
Personal Property Tax: Yes. Rates and exemptions vary.
Inheritance & Estate Taxes: None
Department of Revenue Website: www.revenue.wi.gov
