54748 Property Tax Rate

Property owners in ZIP code 54748 (Jim Falls, Wisconsin) pay a median of $2,263/year in property taxes on homes valued at $222,300. This translates to an effective tax rate of 1.02%, which is 27% below the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 54748 is approximately $189, which factors into escrow payments on mortgages. This ZIP code is located within Chippewa County. This is $936 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 54748 has lower property taxes. ZIP codes with similar effective rates include 54813 (1.02%) and 54428 (1.02%).

In Jim Falls, property taxes represent approximately 3.1% of the median household income of $72,600, providing context for the relative tax burden on homeowners in this area.

Wisconsin offers no homestead exemption but provides the Homestead Credit on your state tax return if property taxes exceed 3.6% of household income (income limit approximately $68,460). After closing, contact the Chippewa County Assessor to ensure your home is classified as a primary residence and to ask about local programs for seniors, veterans, or disabled homeowners. Claim the Homestead Credit on Form 1 or 1-NR each year to recover eligible property taxes paid.