Milwaukee home assessments rose from $205,000 in 2025 to $220,000 in 2026 due to high demand, limited supply, and low new construction. Residential property values increased 6.43%, commercial 5.31%, with the largest rise in the 7th Aldermanic District. Downtown condos saw a 1.4% decrease. Tax bills may not rise proportionally, as increases depend on overall assessment changes. Appeals are open until May 18, with about 30% success rate.