53405 Property Tax Rate

Property owners in ZIP code 53405 (Racine, Wisconsin) pay a median of $3,823/year in property taxes on homes valued at $173,600. This translates to an effective tax rate of 2.20%, which is 57% above the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 53405 is approximately $319, which factors into escrow payments on mortgages. This ZIP code is located within Racine County. This is $624 more than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 53405 has higher property taxes. ZIP codes with similar effective rates include 53110 (2.20%) and 53210 (2.19%).

In Racine, property taxes represent approximately 5.6% of the median household income of $68,339, providing context for the relative tax burden on homeowners in this area.

Wisconsin taxes primary residences at full market value with no state cap, but you can reduce your bill through the Homestead Credit and Lottery and Gaming Credit (both income-based) — claim both credits on your state return after purchase. Racine County reassesses at sale; verify with the Racine County Assessor that your homestead classification is recorded correctly, which is necessary to access the state income-tax credits. File an appeal with the Racine County Board of Review if comparable sales show your assessment is inflated (deadline typically early March).