54121 Property Tax Rate

Property owners in ZIP code 54121 (Florence, Wisconsin) pay a median of $2,404/year in property taxes on homes valued at $176,800. This translates to an effective tax rate of 1.36%, which is 3% below the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 54121 is approximately $200, which factors into escrow payments on mortgages. This ZIP code is located within Florence County. This is $795 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 54121 has higher property taxes. ZIP codes with similar effective rates include 54430 (1.36%) and 53022 (1.36%).

In Florence, property taxes represent approximately 4.2% of the median household income of $57,927, providing context for the relative tax burden on homeowners in this area.

Wisconsin has no annual assessment cap for homeowners, but your primary residence qualifies for the Homestead Credit — a refundable income-based tax reduction that saves qualifying homeowners $200–$400 annually in Florence County. Register your homestead credit claim with the Florence County Assessor's office immediately after closing to secure the reduction on your first bill. Request a property inspection with the Florence County Assessor within 60 days if you believe your assessment is inaccurate or if comparable homes in your neighborhood are assessed significantly lower.