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The average yearly property tax paid by Somerset County residents amounts to about 2.35% of their yearly income . Somerset County is ranked 1104th of the 3143 counties for property taxes as a percentage of median income.
We examined newly-released property tax data by the state Department of Community Affairs to see what Somerset County readers pay annually in property taxes and what the average property is worth. Somerset County's taxable property was assessed at nearly $54.8 billion in 2014. The average property had an assessed value of $418,000 in 2014 and the average homeowner paid $9,269 in property taxes. Somerset County.