Taxes in Franklin, Wisconsin
Complete tax guide for Franklin, WI. State income tax up to 6.27%, 1.75% property tax, 6.05% sales tax. Calculate your total tax burden.
State Income Tax
6.27%
Wisconsin
Property Tax
1.75%
Effective rate
Sales Tax
6.05%
Combined rate
Tax Burden
High
Franklin, WI Tax Overview
Population
36,013
Median Income
$54,400
Cost of Living
88 (100 = avg)
State Income Tax
6.27%
Median Home Price
$248,000
Franklin Tax Calculator
Pre-filled with Franklin median: $54,400
Total Tax Burden in Franklin
$12,062
Take-Home: $42,338 · Effective Rate: 22.17%
Federal Tax
$4,490
8.25% eff.
WI State
$3,411
6.27% eff.
FICA
$4,162
7.65% eff.
Take-Home
$42,338
77.83% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $54,400.00 | $4,533.33 |
| Federal Income Tax | -$4,489.50 | -$374.13 |
| Wisconsin State Tax | -$3,410.88 | -$284.24 |
| Social Security (6.2%) | -$3,372.80 | -$281.07 |
| Medicare (1.45%) | -$788.80 | -$65.73 |
| Take-Home Pay | $42,338.02 | $3,528.17 |
Property Tax in Franklin
Median Home
$248,000
Annual Tax
$4,340
Monthly Tax
$362
Effective Rate
1.75%
Sales Tax in Franklin
Combined Rate
6.05%
State Portion
~3.5%
Local Portion
~2.5%
The combined sales tax rate in Franklin is 6.05%, which is below the national average of 7.12%. On a $100 purchase, you would pay $6.05 in sales tax.
Tax Burden Comparison
| Tax Type | Franklin | Wisconsin Avg | National Avg |
|---|---|---|---|
| Income Tax | 6.27% | 6.27% | 4.6% |
| Property Tax | 1.75% | ~1.75% | 1.1% |
| Sales Tax | 6.05% | ~6.05% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Franklin 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 Franklin (1.75%) 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.
Other Cities in Wisconsin
Milwaukee
ModerateMadison
Very HighGreen Bay
HighKenosha
HighRacine
ModerateAppleton
HighWaukesha
HighEau Claire
HighOshkosh
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 Franklin, WI?
Franklin, Wisconsin has a state income tax rate up to 6.27%. The property tax rate is 1.75% and the combined sales tax rate is 6.05%.
How much is property tax in Franklin?
The effective property tax rate in Franklin is 1.75%. On the median home price of $248,000, this equals approximately $4,340 per year or $362 per month. This is above the national average of 1.1%.
What is the sales tax rate in Franklin?
The combined sales tax rate in Franklin is 6.05%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Franklin's tax burden compare to other cities?
Franklin has a high overall tax burden. The effective total tax rate for a median-income household is approximately 31.2%. The combination of 6.27% state income tax, 1.75% property tax, and 6.05% sales tax determines the total burden. Cost of living index is 88 (100 = national average).
Are there any local taxes in Franklin?
Franklin 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).