54207 Property Tax Rate

Property owners in ZIP code 54207 (Collins, Wisconsin) pay a median of $2,850/year in property taxes on homes valued at $176,900. This translates to an effective tax rate of 1.61%, which is 15% above the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 54207 is approximately $238, which factors into escrow payments on mortgages. This ZIP code is located within Manitowoc County. This is $349 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 54207 has higher property taxes. ZIP codes with similar effective rates include 53953 (1.61%) and 53508 (1.61%).

In Collins, property taxes represent approximately 3.8% of the median household income of $75,357, providing context for the relative tax burden on homeowners in this area.

Wisconsin taxes primary residences at full market value with no state cap, but the Homestead Credit and Lottery and Gaming Credit (both income-based) can meaningfully reduce your tax bill — claim both on your state return the year after closing. Manitowoc County reassesses at sale; contact the Manitowoc County Assessor to confirm your homestead classification is recorded, which enables you to access the state income-tax credits. File a timely appeal with the Manitowoc County Board of Review if your assessed value exceeds comparable sales data (deadline typically early March).