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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.
Based on the 2014 tax rate of 9.8 cents per $100 of taxable value, the amount of taxes imposed in 2014 on the average home was $218.37. The average taxable value of a residence homestead in Montgomery County ESD #10 in 2015 is $222,823. Based on the 2015 tax rate of 9.7 cents per $100 of taxable value, the amount of taxes imposed in 2015 on the average home will be $239.54.