53507 Property Tax Rate

Property owners in ZIP code 53507 (Barneveld, Wisconsin) pay a median of $5,491/year in property taxes on homes valued at $310,900. This translates to an effective tax rate of 1.77%, which is 26% above the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 53507 is approximately $458, which factors into escrow payments on mortgages. This ZIP code is located within Iowa County. This is $2,292 more than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 53507 has higher property taxes. ZIP codes with similar effective rates include 54129 (1.77%) and 53718 (1.76%).

In Barneveld, property taxes represent approximately 4.9% of the median household income of $111,339, providing context for the relative tax burden on homeowners in this area.

Wisconsin has no state-level homestead property tax exemption; your property is reassessed annually at market value regardless of ownership duration. Apply for the Homestead Credit through the Wisconsin Department of Revenue if your household income is below $67,800 — this income-based credit can reduce your state income tax liability by $25–$800. Contact the Iowa County Assessor's office to verify your primary residence classification and confirm your assessment is based on current market value.