Somers, Wisconsin Property Taxes
The median property tax rate in Somers, WI is 1.65%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Somers, the typical annual property tax bill reaches $1,157, exceeding the national median of $2,690. Property taxes in Somers are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Somers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Somers or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Somers, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$1,170
Ownwell’s Somers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Somers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Somers to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Somers, Wisconsin
Property taxes in Somers, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Somers is 1.65%, significantly higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Somers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Somers estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Somers' effective property tax rate to other areas in Wisconsin and the national median. For comparison, the 53171 zip code has the highest median property tax rate of 1.65%, while the same zip code also has the lowest median tax rate of 1.65%. Understanding how these areas compare with Somers provides valuable insights into the varying tax landscape across Kenosha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Somers Tax Rate
1.65%
Average Kenosha County Tax Rate
2.06%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Somers, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53171 | 1.63% | 1.64% | 1.65% | 1.66% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Somers, Wisconsin
In Somers, Wisconsin, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Kenosha County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Somers, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Somers is $70,898, with tax bills ranging from $651 at the 25th percentile to $1,967 at the 90th percentile. The zip code 53171 has the highest median tax bill at $1,157. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Somers Assessed Value
$70,898
Average Kenosha County Assessed Value
$201,507
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Somers, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53171 | $21,136 | $39,797 | $70,898 | $102,000 | $120,661 |
Source: Ownwell
Property Tax Bills Across Somers, Wisconsin
In Somers, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Somers is $70,898. Homeowners in the 25th percentile of tax bills pay around $651, while those in the 75th percentile face bills of approximately $1,663. The 90th percentile tax bill can reach up to $1,967. The highest and lowest median tax bills in the area are both $1,157, illustrating a relatively consistent tax rate across different properties. Property taxes in Somers are influenced by various factors, including the assessed value of the home, which is determined by local assessors, and the specific tax rate set by local government entities. These taxes fund essential public services such as schools, infrastructure, and emergency services. For homeowners, this means that their annual tax bill can significantly impact their overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Somers' rates can vary, affecting how much residents ultimately pay.
Average Somers Tax Bill
$1,157
Average Kenosha County Tax Bill
$4,787
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Somers, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53171 | $348 | $651 | $1,157 | $1,663 | $1,967 |
Source: Ownwell