54871 Property Tax Rate

Property owners in ZIP code 54871 (Shell Lake, Wisconsin) pay a median of $2,546/year in property taxes on homes valued at $215,100. This translates to an effective tax rate of 1.18%, which is 16% below the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 54871 is approximately $212, which factors into escrow payments on mortgages. This ZIP code is located within Washburn County. This is $653 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 54871 has higher property taxes. ZIP codes with similar effective rates include 53066 (1.18%) and 54462 (1.18%).

In Shell Lake, property taxes represent approximately 3.6% of the median household income of $70,100, providing context for the relative tax burden on homeowners in this area.

Wisconsin does not offer a traditional homestead exemption but provides income-based Homestead Credit relief on your state tax return if property taxes exceed 3.6% of household income. Contact the Washburn County Assessor after closing to verify your primary residence classification and to ask about local exemptions for seniors, veterans, or disabled homeowners. File the Homestead Credit claim on your Wisconsin income tax return (Form 1 or 1-NR) each year to recover eligible property taxes paid.