Telephone company property tax is a state levy on the real and tangible personal property used in providing telecommunications. The tax is designed to approximate the local property tax that would be levied on telephone property if telephone property were subject to local property tax.

Telephone property is assessed by the Wisconsin Department of Revenue and is taxed at the prior year's net property tax rate of the taxing jurisdiction in which the telephone property is located. Telephone company property taxes are deposited in the state General Fund.