54891 Property Tax Rate

Property owners in ZIP code 54891 (Washburn, Wisconsin) pay a median of $2,468/year in property taxes on homes valued at $200,600. This translates to an effective tax rate of 1.23%, which is 12% below the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 54891 is approximately $206, which factors into escrow payments on mortgages. This ZIP code is located within Bayfield County. This is $731 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 54891 has higher property taxes. ZIP codes with similar effective rates include 53012 (1.23%) and 54538 (1.23%).

In Washburn, property taxes represent approximately 3.5% of the median household income of $70,298, 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.