New Richmond, St. Croix County, Wisconsin Property Taxes

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

Median New Richmond, WI effective property tax rate: 1.51%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median New Richmond, WI home value: $269,800
Median annual New Richmond, WI tax bill: $3,880, $1,480 higher than the national median property tax bill of $2,400.

How are property taxes in St. Croix calculated?

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

Last Updated March 1, 2025

New Richmond, St. Croix County, Wisconsin Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.51%

Estimate Property Tax Bill

$4,074

$3,781

Ownwell’s New Richmond Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Richmond with just two data points. By entering your property's estimated assessed value, our calculator applies New Richmond’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 New Richmond, St. Croix County, Wisconsin

Local government entities determine tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In New Richmond, located in St. Croix County, Wisconsin, the effective property tax rate is 1.51%. This rate is higher than the national median property tax rate of 1.02%. The median property tax bill in New Richmond is also likely to exceed the national median of $2,400, given the higher rate. When comparing New Richmond’s effective property tax rate to other cities in Wisconsin, it matches the state’s median property tax rate. This suggests a consistent approach to property taxation across the region.

Understanding these rates can help property owners in New Richmond anticipate their annual tax obligations and budget accordingly.

Property Tax Rates Across New Richmond, 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 New Richmond Tax Rate

1.51%

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 New Richmond, St. Croix County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
54017	1.13%	1.21%	1.51%	1.57%	1.63%

Source: Ownwell

Property Tax Assessment Values Across New Richmond, St. Croix County, Wisconsin

When examining property taxes in New Richmond, 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 New Richmond. For example, the median home price in New Richmond is $269,800, with tax bills ranging significantly across the county. 54017 has the highest median home price at $269,800.

Property Tax Assessment Values Across New Richmond, St. Croix County, Wisconsin

Source: Ownwell

$151,900

$284,225

$416,550

Median New Richmond Market Value

$269,800

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 New Richmond, St. Croix County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
54017	$165,300	$213,000	$269,800	$354,075	$451,180

Source: Ownwell

Property Tax Bills Across New Richmond, St. Croix County, Wisconsin

In New Richmond, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as market conditions and property improvements can impact the assessed value, potentially increasing the tax burden for homeowners. With a median home price of $269,800, New Richmond's property tax bills can be substantial, ranging from $3,074 at the 25th percentile to $6,268 at the 90th percentile. The median tax bill in New Richmond stands at $3,880, which is significantly above the national median of $2,400. This can place a financial strain on homeowners, especially if their property's assessed value is higher than its market value. Ownwell can assist homeowners in New Richmond by providing property tax appeal services, potentially lowering their assessed values and, consequently, their tax bills. By leveraging local expertise and data-driven insights, Ownwell helps ensure homeowners are not overpaying on their property taxes.

Property Tax Bills Across New Richmond, St. Croix County, Wisconsin

Source: Ownwell

$2,284

$3,651

$5,018

Median New Richmond Tax Bill

$3,880

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 New Richmond, St. Croix County, Wisconsin

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
54017	$2,353	$3,074	$3,880	$4,908	$6,268

Source: Ownwell