Somerset, St. Croix County, Wisconsin Property Taxes

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

Median Somerset, WI effective property tax rate: 1.42%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Somerset, WI home value: $267,000
Median annual Somerset, WI tax bill: $3,673, $1,273 higher than the national median property tax bill of $2,400.

How are property taxes in St. Croix calculated?

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

Last Updated March 1, 2025

Somerset, St. Croix County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.42%

Estimate Property Tax Bill

$3,791

$3,518

Ownwell’s Somerset Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Somerset with just two data points. By entering your property's estimated assessed value, our calculator applies Somerset’s 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 County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Somerset, St. Croix County, Wisconsin

Local government entities determine tax rates, which can differ significantly within a state. This variance arises because each county annually calculates its required budget for services and divides it by the total value of all taxable property in its area. This process establishes the property tax rate. While setting tax rates and budgets involves votes and legislation, this is essentially how it works each year. Somerset, located in St. Croix County, has an effective property tax rate that aligns with the highest and lowest median tax rates in Wisconsin, both at 1.42%. This rate is notably higher than the national median property tax rate of 1.02%. Compared to other cities in Wisconsin, Somerset's tax rate reflects the county's approach to budgeting and services, underscoring the importance of understanding local tax policies. With property tax rates varying across the state and nation, property owners should stay informed and consider consulting experts to potentially lower their tax obligations.

Property Tax Rates Across Somerset, 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 Somerset Tax Rate

1.42%

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 Somerset, St. Croix County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
54025	1.02%	1.05%	1.42%	1.65%	1.74%

Source: Ownwell

Property Tax Assessment Values Across Somerset, St. Croix County, Wisconsin

When examining property taxes in Somerset, 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 May. 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 Somerset.

For example, the median home price in Somerset is $267,000, with tax bills ranging significantly across the county. 54025 has the highest median home price at $267,000.

Property Tax Assessment Values Across Somerset, St. Croix County, Wisconsin

Source: Ownwell

$151,900

$284,225

$416,550

Median Somerset Market Value

$267,000

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 Somerset, St. Croix County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
54025	$145,750	$192,500	$267,000	$404,325	$553,550

Source: Ownwell

Property Tax Bills Across Somerset, St. Croix County, Wisconsin

In Somerset, located in St. Croix County, WI, property tax bills are calculated based on the assessed value of a home. The median home price in the area is $267,000, and property taxes are determined by applying the local tax rate to this assessed value. Key factors influencing the tax bill include the property's assessed value and the local tax rate. Homeowners in Somerset face a range of property tax bills, with the 25th percentile at $2,911 and the 75th percentile at $4,722. Notably, the highest median tax bill in the region is $3,673, which is significantly above the national median property tax bill of $2,400. This can create a financial burden for homeowners.

Ownwell assists homeowners in Somerset by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially reduce their assessed home values and, consequently, their property tax bills. This service ensures that homeowners pay a fair amount and can alleviate the financial strain of high property taxes in the region.

Property Tax Bills Across Somerset, St. Croix County, Wisconsin

Source: Ownwell

$2,284

$3,651

$5,018

Median Somerset Tax Bill

$3,673

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 Somerset, St. Croix County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
54025	$2,216	$2,911	$3,673	$4,722	$6,387

Source: Ownwell