Tax Burden in ZIP Code 53701
Madison, WI — Dane County
At the median income of $62,000, the estimated total tax burden in ZIP 53701 is $20,176 (32.5% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$8,680
FICA
$4,743
Property Tax
$6,753
Total Tax Burden
$20,176
32.5% effective
Tax Details for ZIP 53701
ZIP code 53701 is located in Dane County, WI, within the Madison MSA metropolitan area. The area has a cost of living index of 105 (100 = national average), close to the national average.
The effective property tax rate is 1.85%. On the median home price of $365,000, this equals $6,753 per year ($563/month).
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