54536 Property Tax Rate

Property owners in ZIP code 54536 (Iron Belt, Wisconsin) pay a median of $655/year in property taxes on homes valued at $65,400. This translates to an effective tax rate of 1.00%, which is 29% below the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 54536 is approximately $55, which factors into escrow payments on mortgages. This ZIP code is located within Iron County. This is $2,544 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 54536 has lower property taxes. ZIP codes with similar effective rates include 53125 (1.00%) and 54511 (1.00%).

In Iron Belt, property taxes represent approximately 1.2% of the median household income of $56,000, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 54536, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Iron County's tax assessor directly.