54495 Property Tax Rate

Property owners in ZIP code 54495 (Wisconsin Rapids, Wisconsin) pay a median of $2,024/year in property taxes on homes valued at $117,900. This translates to an effective tax rate of 1.72%, which is 22% above the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 54495 is approximately $169, which factors into escrow payments on mortgages. This ZIP code is located within Wood County. This is $1,175 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 54495 has higher property taxes. ZIP codes with similar effective rates include 53576 (1.72%) and 54971 (1.71%).

In Wisconsin Rapids, property taxes represent approximately 4.1% of the median household income of $49,476, providing context for the relative tax burden on homeowners in this area.

Wisconsin reassesses properties annually without a state cap, but your primary residence qualifies for the Homestead Credit — an income-sensitive reduction that typically saves Wood County homeowners $100–$400 per year. File for homestead credit status with the Wood County Assessor within 30 days of purchase to activate the tax reduction on your first bill. Request a property inspection with the Wood County Assessor if your assessment increased dramatically from the previous owner's value, especially if no major improvements justify the increase.