53581 Property Tax Rate

Property owners in ZIP code 53581 (Richland Center, Wisconsin) pay a median of $2,632/year in property taxes on homes valued at $180,200. This translates to an effective tax rate of 1.46%, which is 4% above the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 53581 is approximately $219, which factors into escrow payments on mortgages. This ZIP code is located within Richland County. This is $567 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 53581 has lower property taxes. ZIP codes with similar effective rates include 54154 (1.46%) and 54631 (1.46%).

In Richland Center, property taxes represent approximately 4.4% of the median household income of $59,630, 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.