River Falls, St. Croix County, Wisconsin Property Taxes

Name: Property Tax Bills Across River Falls, St. Croix County, Wisconsin
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median River Falls, WI effective property tax rate: 1.53%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median River Falls, WI home value: $292,450
Median annual River Falls, WI tax bill: $3,990, $1,590 higher than the national median property tax bill of $2,400.

How are property taxes in St. Croix calculated?

Property taxes in River Falls, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding River Falls’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in River Falls, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

River Falls, St. Croix County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.53%

Estimate Property Tax Bill

$4,474

$4,152

Ownwell’s River Falls Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in River Falls with just two data points. By entering your property's estimated assessed value, our calculator applies River Falls’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in St. Croix. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across River Falls, St. Croix County, Wisconsin

Local government entities set tax rates, which can vary significantly within a state. Annually, each county estimates its required budget to provide essential services and divides that by the total assessed value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

River Falls in St. Croix County, Wisconsin, has an effective property tax rate of 1.53%, which is notably higher than the national median of 1.02%. This means that homeowners in River Falls pay a higher percentage of their property's assessed value in taxes compared to the national average. The property tax rate in River Falls is consistent with the highest and lowest rates within the zip code 54022, reflecting a uniform rate across the area. Understanding these rates can help property owners make informed decisions, especially when considering the financial implications of property taxes in their overall budgets.

Property Tax Rates Across River Falls, St. Croix County, Wisconsin

Source: Ownwell

0.96%

1.43%

1.90%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective River Falls Tax Rate

1.53%

Median Effective St. Croix County Tax Rate

1.50%

Median Effective Wisconsin Tax Rate

1.58%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across River Falls, St. Croix County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
54022	0.97%	1.03%	1.53%	1.59%	1.64%

Source: Ownwell

Property Tax Assessment Values Across River Falls, St. Croix County, Wisconsin

When examining property taxes in River Falls, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The St. Croix County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In St. Croix County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in River Falls. For example, the median home price in River Falls is $292,450, with tax bills ranging significantly across the county. 54022 has the highest median home price at $292,450.

Property Tax Assessment Values Across River Falls, St. Croix County, Wisconsin

Source: Ownwell

$151,900

$284,225

$416,550

Median River Falls Market Value

$292,450

Median St. Croix County Market Value

$270,500

Median Wisconsin Market Value

$200,300

Median United States Market Value

$235,294

Property Tax Assessment Values Across River Falls, St. Croix County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
54022	$162,000	$219,500	$292,450	$400,675	$534,110

Source: Ownwell

Property Tax Bills Across River Falls, St. Croix County, Wisconsin

In River Falls, located in St. Croix County, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in River Falls is $292,450. The tax rate for the area is applied to this assessed value to determine the annual tax bill. Factors such as local government budgets and the needs of public services like schools and infrastructure can influence the tax rate. Homeowners in River Falls face a median property tax bill of $3,990, which is higher than the national median of $2,400. This can be a significant financial burden for homeowners. Ownwell offers services to help homeowners reduce their property tax bills by identifying potential savings through appeals and exemptions. By analyzing property assessments and market conditions, Ownwell can assist homeowners in ensuring they are not overpaying on their property taxes, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across River Falls, St. Croix County, Wisconsin

Source: Ownwell

$2,284

$3,651

$5,018

Median River Falls Tax Bill

$3,990

Median St. Croix County Tax Bill

$3,981

Median Wisconsin Tax Bill

$3,346

Median United States Tax Bill

$2,400

Property Tax Bills Across River Falls, St. Croix County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
54022	$2,341	$3,025	$3,990	$5,178	$6,510

Source: Ownwell