54539 Property Tax Rate

Property owners in ZIP code 54539 (Lake Tomahawk, Wisconsin) pay a median of $1,952/year in property taxes on homes valued at $241,300. This translates to an effective tax rate of 0.81%, which is 42% below the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 54539 is approximately $163, which factors into escrow payments on mortgages. This ZIP code is located within Oneida County. This is $1,247 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 54539 has higher property taxes. ZIP codes with similar effective rates include 54830 (0.81%) and 54234 (0.80%).

In Lake Tomahawk, property taxes represent approximately 3.0% of the median household income of $64,044, providing context for the relative tax burden on homeowners in this area.

Wisconsin has no annual assessment cap for homeowners, but Oneida County's below-average effective rate reflects lower assessments; register for the Homestead Credit — an income-based reduction for primary residences that saves $100–$350 annually. File for homestead credit status with the Oneida County Assessor within 30 days of closing to activate the reduction on your first tax bill. Review your assessment notice annually and submit a challenge to the Oneida County Assessor (typically within 30 days) if your property's assessed value appears inflated relative to recent comparable sales.