Madison, WI — income, home value, property tax, and sales tax.
In ZIP 53517, near Madison, homes carry a median value of $445,000, and the county-level property tax rate of 1.63% works out to roughly $7,254 a year on such a home. With median household income at $84,722, that tax bill equals about 8.6% of annual household earnings — a meaningful slice of the budget. Per-capita income sits at $51,853. A combined sales tax of 5.50% adds a bit more to everyday costs. Buyers weighing a purchase here should factor the yearly tax into what they can comfortably carry alongside a mortgage.
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