Taxes in Beloit, Wisconsin
Complete tax guide for Beloit, WI. State income tax up to 6.27%, 1.87% property tax, 7.47% sales tax. Calculate your total tax burden.
State Income Tax
6.27%
Wisconsin
Property Tax
1.87%
Effective rate
Sales Tax
7.47%
Combined rate
Tax Burden
High
Beloit, WI Tax Overview
Population
36,804
Median Income
$60,200
Cost of Living
82.4 (100 = avg)
State Income Tax
6.27%
Median Home Price
$231,000
Beloit Tax Calculator
Pre-filled with Beloit median: $60,200
Total Tax Burden in Beloit
$13,565
Take-Home: $46,635 · Effective Rate: 22.53%
Federal Tax
$5,186
8.61% eff.
WI State
$3,775
6.27% eff.
FICA
$4,605
7.65% eff.
Take-Home
$46,635
77.47% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $60,200.00 | $5,016.67 |
| Federal Income Tax | -$5,185.50 | -$432.13 |
| Wisconsin State Tax | -$3,774.54 | -$314.54 |
| Social Security (6.2%) | -$3,732.40 | -$311.03 |
| Medicare (1.45%) | -$872.90 | -$72.74 |
| Take-Home Pay | $46,634.66 | $3,886.22 |
Property Tax in Beloit
Median Home
$231,000
Annual Tax
$4,320
Monthly Tax
$360
Effective Rate
1.87%
Sales Tax in Beloit
Combined Rate
7.47%
State Portion
~5.0%
Local Portion
~2.5%
The combined sales tax rate in Beloit is 7.47%, which is above the national average of 7.12%. On a $100 purchase, you would pay $7.47 in sales tax.
Tax Burden Comparison
| Tax Type | Beloit | Wisconsin Avg | National Avg |
|---|---|---|---|
| Income Tax | 6.27% | 6.27% | 4.6% |
| Property Tax | 1.87% | ~1.87% | 1.1% |
| Sales Tax | 7.47% | ~7.47% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Beloit Residents
- Wisconsin's income tax rate of 6.27% is above average. Maximize pre-tax retirement contributions (401k up to $23,500, IRA up to $7,000) to reduce both federal and state taxable income.
- Property tax in Beloit (1.87%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
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ModerateCalculate Your Full Wisconsin Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Beloit, WI?
Beloit, Wisconsin has a state income tax rate up to 6.27%. The property tax rate is 1.87% and the combined sales tax rate is 7.47%.
How much is property tax in Beloit?
The effective property tax rate in Beloit is 1.87%. On the median home price of $231,000, this equals approximately $4,320 per year or $360 per month. This is above the national average of 1.1%.
What is the sales tax rate in Beloit?
The combined sales tax rate in Beloit is 7.47%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Beloit's tax burden compare to other cities?
Beloit has a high overall tax burden. The effective total tax rate for a median-income household is approximately 30.9%. The combination of 6.27% state income tax, 1.87% property tax, and 7.47% sales tax determines the total burden. Cost of living index is 82.4 (100 = national average).
Are there any local taxes in Beloit?
Beloit does not impose a separate local or city income tax. Residents pay the state income tax of 6.27%, federal income tax, and FICA (Social Security and Medicare).