53562 Property Tax Rate

Property owners in ZIP code 53562 (Middleton, Wisconsin) pay a median of $7,391/year in property taxes on homes valued at $495,600. This translates to an effective tax rate of 1.49%, which is 6% above the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 53562 is approximately $616, which factors into escrow payments on mortgages. This ZIP code is located within Dane County. This is $4,192 more than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 53562 has higher property taxes. ZIP codes with similar effective rates include 54612 (1.49%) and 53560 (1.49%).

In Middleton, property taxes represent approximately 7.6% of the median household income of $97,241, providing context for the relative tax burden on homeowners in this area.

Wisconsin reassesses all residential properties annually to fair market value without a homestead exemption; Dane County properties see market-rate adjustments yearly. Households earning under $67,800 on a primary residence qualify for Wisconsin's Homestead Credit — claim it on your state income tax return for $50–$800 annual relief. Request a Board of Review hearing with the Dane County Assessor by the second Monday in May to contest your assessment.