54814 Property Tax Rate

Property owners in ZIP code 54814 (Bayfield, Wisconsin) pay a median of $3,390/year in property taxes on homes valued at $235,700. This translates to an effective tax rate of 1.44%, which is near the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 54814 is approximately $283, which factors into escrow payments on mortgages. This ZIP code is located within Bayfield County.

Compared to similar ZIP codes in Wisconsin, 54814 has lower property taxes. ZIP codes with similar effective rates include 54470 (1.44%) and 54420 (1.44%).

In Bayfield, property taxes represent approximately 5.4% of the median household income of $62,813, providing context for the relative tax burden on homeowners in this area.

Wisconsin provides property tax relief through the income-based Homestead Credit on your state return rather than an exemption; you're eligible if property taxes exceed 3.6% of household income and income is under approximately $68,460. Contact the Bayfield County Assessor after purchase to ensure your home is classified as a primary residence and to ask about county exemptions for seniors, veterans, or disabled homeowners. Claim the Homestead Credit annually on your Wisconsin tax return (Form 1 or 1-NR) to recover overpaid property taxes.