53541 Property Tax Rate

Property owners in ZIP code 53541 (Gratiot, Wisconsin) pay a median of $2,792/year in property taxes on homes valued at $220,800. This translates to an effective tax rate of 1.26%, which is 10% below the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 53541 is approximately $233, which factors into escrow payments on mortgages. This ZIP code is located within Lafayette County. This is $407 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 53541 has lower property taxes. ZIP codes with similar effective rates include 54550 (1.26%) and 54850 (1.26%).

In Gratiot, property taxes represent approximately 4.6% of the median household income of $60,938, providing context for the relative tax burden on homeowners in this area.

Wisconsin reassesses all properties annually at market value with no homestead exemption to cap increases. The Homestead Credit offers income-based tax relief for primary residence owners earning under $67,800; apply when you file your Wisconsin state income tax return. Contact the Lafayette County Assessor to request a property assessment review if you believe the appraised value exceeds comparable sales in your area.