54656 Property Tax Rate

Property owners in ZIP code 54656 (Sparta, Wisconsin) pay a median of $3,120/year in property taxes on homes valued at $201,400. This translates to an effective tax rate of 1.55%, which is 10% above the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 54656 is approximately $260, which factors into escrow payments on mortgages. This ZIP code is located within Monroe County.

Compared to similar ZIP codes in Wisconsin, 54656 has higher property taxes. ZIP codes with similar effective rates include 54630 (1.55%) and 53925 (1.55%).

In Sparta, property taxes represent approximately 4.4% of the median household income of $70,605, providing context for the relative tax burden on homeowners in this area.

Wisconsin does not offer a traditional homestead exemption, but the Homestead Credit provides state tax relief if your property taxes exceed 3.6% of household income (income limit approximately $68,460). After closing, contact the Monroe County Assessor to ensure your home receives primary residence classification and to identify any local relief available. Claim the Homestead Credit on your Wisconsin tax return (Form 1 or 1-NR) each year to recover eligible property taxes.