53597 Property Tax Rate

Property owners in ZIP code 53597 (Waunakee, Wisconsin) pay a median of $7,310/year in property taxes on homes valued at $462,900. This translates to an effective tax rate of 1.58%, which is 13% above the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 53597 is approximately $609, which factors into escrow payments on mortgages. This ZIP code is located within Dane County. This is $4,111 more than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 53597 has higher property taxes. ZIP codes with similar effective rates include 54230 (1.58%) and 53586 (1.58%).

In Waunakee, property taxes represent approximately 6.4% of the median household income of $114,542, 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.