54950 Property Tax Rate

Property owners in ZIP code 54950 (Marion, Wisconsin) pay a median of $2,072/year in property taxes on homes valued at $151,900. This translates to an effective tax rate of 1.36%, which is near the Wisconsin state average of 1.40%.

The monthly property tax burden for a median-valued home in 54950 is approximately $173, which factors into escrow payments on mortgages. This ZIP code is located within Waupaca County. This is $1,127 less than the Wisconsin average of $3,199/year.

Compared to similar ZIP codes in Wisconsin, 54950 has lower property taxes. ZIP codes with similar effective rates include 54669 (1.36%) and 54725 (1.36%).

In Marion, property taxes represent approximately 3.1% of the median household income of $65,815, 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). Contact the Waupaca County Assessor after closing to ensure your home is classified as a primary residence and inquire about county-specific programs for seniors, veterans, or disabled persons. Claim the Homestead Credit on Form 1 or 1-NR each year to reclaim eligible property taxes on your state return.