54742 Property Tax Rate

Property owners in ZIP code 54742 (Fall Creek, Wisconsin) pay a median of $3,659/year in property taxes on homes valued at $272,100. This translates to an effective tax rate of 1.34%, which is 4% below the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 54742 is approximately $305, which factors into escrow payments on mortgages. This ZIP code is located within Eau Claire County. This is $460 more than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 54742 has higher property taxes. ZIP codes with similar effective rates include 53932 (1.34%) and 54546 (1.34%).

In Fall Creek, property taxes represent approximately 4.0% of the median household income of $92,353, providing context for the relative tax burden on homeowners in this area.

Wisconsin has no homestead property tax exemption but offers the Homestead Credit on your state return if property taxes exceed 3.6% of household income (income cap around $68,460). Contact the Eau Claire County Assessor after closing to confirm primary residence classification and ask about local exemption programs for seniors, disabled persons, or veterans. Claim the Homestead Credit on Form 1 or 1-NR each tax year to recover eligible property tax payments.