What’s With The Milwaukee Sales Tax Increase?
What You Need To Know!
Starting January 1, 2024, significant changes are coming to sales taxes in Milwaukee County and the City of Milwaukee. These changes will directly impact your wallet when you’re in the market for a new vehicle. Here’s what you need to know:
Milwaukee City Sales Tax Soars to 7.9%
If you’re within the City of Milwaukee, you’ll see your sales tax rate rise from 5.5% to a substantial 7.9%. That’s a notable increase, and it means you’ll be paying more in taxes on most of your purchases, including cars.
The Impact on Your Vehicle Purchase
Let’s break it down. The average cost of purchasing a vehicle in the state of Wisconsin currently stands at approximately $32,834. With the upcoming tax changes, here’s how it affects your finances:
Within Milwaukee City Limits:
- Current Sales Tax: 5.5%
- Future Sales Tax (2024): 7.9%
- Increased Tax Burden: $788 on average!
But there’s good news! You still have time to take advantage of the current, lower tax rates by purchasing your vehicle before January 1, 2024.
Don’t let the Milwaukee sales tax increase catch you off guard. Act now, and save big on your next vehicle purchase. Explore our inventory and secure your new ride today to beat the tax hike!
Don’t miss out on this opportunity to save on your next car. Act fast, as time is running out before the tax increase hits. Make your move today, and drive away with more savings in your pocket!