Wisconsin vs Iowa Taxes: Income, Property & Sales

Does Wisconsin or Iowa have lower taxes? We answer that in a variety of ways below:

Wisconsin vs Iowa Income Tax Comparison

	Wisconsin	Iowa
Income Tax Rates & Thresholds	3.54%: $0-$12,760 4.65%: $12,761-$25,520 5.30%: $25,521-$280,950 7.65%: $280,951+	0.33%: $0-$1,743 0.67%: $1,744-$3,486 2.25%: $3,487-$6972 4.14%: $6,973-$15,687 5.63%: $15,688-$26,145 5.96%: $26,146-$34,860 6.25%: $34,861-$52,290 7.44%: $52,291-$78,435 8.53%: $78,436+
Median Income	$73,330	$76,320
Income Tax Paid On Median Household Income	$11,817	$13,833
Income After Tax Based on Median Household Income	$61,513	$62,487

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Wisconsin vs Iowa Property Tax Comparison

	Wisconsin	Iowa
Average Property Tax Rate	1.15%	1.25%
Average House Price By State	$288,596	$215,458
Average Property Tax Owed Per Year	$3,319	$2,693
Income After Income Taxes & Property Taxes Based On Median State Household Income	$58,194	$59,794

Wisconsin vs Iowa Sales Tax Comparison

	Wisconsin	Iowa
Average State Sales Tax	5.00%	6.00%
Average Local Sales Tax Across the State	0.43%	0.94%
Average Combined Sales Tax Rate	5.43%	6.94%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$2,997	$3,880
Maximum Disposable Income Based on Median Household Income	$55,197	$55,913

After Tax Comparison Earning $40,000 Per Year Filing As Single

	Wisconsin	Iowa
Income Tax Owed	$4,191	$4,786
After Tax Income	$35,809	$35,214
Income After Income & Property Tax	$32,490	$32,521
Maximum Disposable Income After Income, Property & Sales Taxes	$30,817	$30,410

After Tax Comparison Earning $60,000 Per Year Filing As Single

	Wisconsin	Iowa
Income Tax Owed	$8,178	$9,028
After Tax Income	$51,822	$50,972
Income After Income & Property Tax	$48,503	$48,279
Maximum Disposable Income After Income, Property & Sales Taxes	$46,005	$45,146

After Tax Comparison Earning $80,000 Per Year Filing As Single

	Wisconsin	Iowa
Income Tax Owed	$13,638	$14,916
After Tax Income	$66,362	$65,084
Income After Income & Property Tax	$63,043	$62,391
Maximum Disposable Income After Income, Property & Sales Taxes	$59,796	$58,342

After Tax Comparison Earning $100,000 Per Year Filing As Single

	Wisconsin	Iowa
Income Tax Owed	$19,098	$21,015
After Tax Income	$80,902	$78,985
Income After Income & Property Tax	$77,583	$76,292
Maximum Disposable Income After Income, Property & Sales Taxes	$73,587	$71,341

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	Wisconsin	Iowa
Income Tax Owed	$12,140	$14,448
After Tax Income	$87,860	$85,552
Income After Income & Property Tax	$84,541	$82,859
Maximum Disposable Income After Income, Property & Sales Taxes	$80,187	$77,482

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	Wisconsin	Iowa
Income Tax Owed	$24,845	$28,768
After Tax Income	$125,155	$121,232
Income After Income & Property Tax	$121,836	$118,539
Maximum Disposable Income After Income, Property & Sales Taxes	$115,561	$110,846

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	Wisconsin	Iowa
Income Tax Owed	$38,495	$44,033
After Tax Income	$161,505	$155,967
Income After Income & Property Tax	$158,186	$153,274
Maximum Disposable Income After Income, Property & Sales Taxes	$150,039	$143,327

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	Wisconsin	Iowa
Income Tax Owed	$53,064	$60,217
After Tax Income	$196,936	$189,783
Income After Income & Property Tax	$193,617	$187,090
Maximum Disposable Income After Income, Property & Sales Taxes	$183,645	$174,948

FAQ

Does Wisconsin or Iowa have lower income taxes?

Wisconsin’s income tax falls into the following range:

• 3.54%: $0-$12,760
• 4.65%: $12,761-$25,520
• 5.30%: $25,521-$280,950
• 7.65%: $280,951+

Whereas Iowa’s income tax is the following

• 0.33%: $0-$1,743
• 0.67%: $1,744-$3,486
• 2.25%: $3,487-$6972
• 4.14%: $6,973-$15,687
• 5.63%: $15,688-$26,145
• 5.96%: $26,146-$34,860
• 6.25%: $34,861-$52,290
• 7.44%: $52,291-$78,435
• 8.53%: $78,436+

Does Wisconsin or Iowa have lower property taxes?

Wisconsin has an average property tax rate of 1.15%

In comparison, Iowa has an average property tax rate of 1.25%

Does Wisconsin or Iowa have lower sales taxes?

Wisconsin has a state sales tax rate of 5.00% and an average local rate of 0.43% for a combined total rate of 5.43%.

In contrast, Iowa has a state sales tax rate of 6.00% and an average local rate of 0.94% for a combined total rate of 6.94%.

Do you get to keep more money in Wisconsin or Iowa?

Based on median household income after income, property and sales taxes Wisconsin gives you a maximum amount of disposable income of $55,197

In comparison, Iowa gives you $55,913.

More Comparisons:

Wisconsin vs Nevada
Wisconsin vs Arkansas
Wisconsin vs Mississippi
Wisconsin vs Kansas
Wisconsin vs New Mexico

Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/