53540 Property Tax Rate

Property owners in ZIP code 53540 (Gotham, Wisconsin) pay a median of $970/year in property taxes on homes valued at $112,500. This translates to an effective tax rate of 0.86%, which is 39% below the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 53540 is approximately $81, which factors into escrow payments on mortgages. This ZIP code is located within Richland County. This is $2,229 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 53540 has higher property taxes. ZIP codes with similar effective rates include 54568 (0.86%) and 54562 (0.86%).

In Gotham, property taxes represent approximately 1.8% of the median household income of $54,167, providing context for the relative tax burden on homeowners in this area.

Wisconsin has no homestead exemption or cap on annual assessment increases; your property's assessed value is adjusted yearly to fair market value by the Richland County Assessor. Households earning under $67,800 on a primary residence may qualify for Wisconsin's Homestead Credit through your state income tax filing. Contact the Richland County Assessor to request a reassessment if recent comparable sales suggest your home is overvalued.