54810 Property Tax Rate

Property owners in ZIP code 54810 (Balsam Lake, Wisconsin) pay a median of $2,902/year in property taxes on homes valued at $258,000. This translates to an effective tax rate of 1.12%, which is 20% below the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 54810 is approximately $242, which factors into escrow payments on mortgages. This ZIP code is located within Polk County. This is $297 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 54810 has lower property taxes. ZIP codes with similar effective rates include 54171 (1.13%) and 53827 (1.13%).

In Balsam Lake, property taxes represent approximately 4.3% of the median household income of $66,842, 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 with household income below $67,800 qualify for Wisconsin's Homestead Credit on their state tax return, providing annual relief of $50–$300. Contact the Polk County Assessor to request a reassessment if your home's appraised value exceeds comparable properties in your neighborhood.