54542 Property Tax Rate

Property owners in ZIP code 54542 (Long Lake, Wisconsin) pay a median of $1,431/year in property taxes on homes valued at $157,300. This translates to an effective tax rate of 0.91%, which is 35% below the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 54542 is approximately $119, which factors into escrow payments on mortgages. This ZIP code is located within Forest County. This is $1,768 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 54542 has higher property taxes. ZIP codes with similar effective rates include 53002 (0.91%) and 54529 (0.91%).

In Long Lake, property taxes represent approximately 3.1% of the median household income of $45,625, providing context for the relative tax burden on homeowners in this area.

Wisconsin reassesses properties annually to market value with no homestead exemption or growth cap. Primary residence owners earning under $67,800 qualify for Wisconsin's Homestead Credit — claim it on your state income tax return for $50–$400 annual tax savings. Contact the Forest County Assessor by January 15 to file an objection if your assessment significantly exceeds fair market value based on recent comparable sales.