Albany County Property Taxes
The median property tax rate in Albany County, WY, is 0.69%, which is lower than the national median of 0.99% but slightly higher than the Wyoming state median of 0.65%. With a median home value of $294,660 in Albany County, the typical annual property tax bill amounts to $2,125, which is below the national median of $2,690. Property taxes in Albany County are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Albany County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Laramie or another part of Albany County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Albany County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$2,033
Ownwell’s Albany County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Albany County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Albany County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Albany County, Wyoming
Property taxes in Albany County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Albany County is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Albany County set these rates annually, and they can vary significantly between different areas within the county. Each year, Albany County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Albany County's effective property tax rate with other regions in Wyoming and the national median. For comparison, the city of Laramie has one of the higher property tax rates in Wyoming at 0.69%, while the city of Garrett boasts one of the lowest at 0.62%. Analyzing how Albany County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Albany County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Albany County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bosler | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
| Buford | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
| Centennial | 0.65% | 0.65% | 0.65% | 0.65% | 0.74% |
| Garrett | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Jelm | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
| Laramie | 0.65% | 0.69% | 0.69% | 0.69% | 0.69% |
| Medicine Bow | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Rock River | 0.62% | 0.62% | 0.69% | 0.69% | 0.69% |
| Tie Siding | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
| Wheatland | 0.62% | 0.62% | 0.62% | 0.62% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Albany County, Wyoming
In Albany County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Albany County Appraisal District. The assessed value, however, 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. Assessment notices in Albany County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Albany County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The highest median tax bill in the county is in Bosler at $3,447, while the lowest is in Rock River at $384.
Average Albany County Assessed Value
$294,660
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Albany County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bosler | $36,940 | $208,532 | $515,177 | $751,026 | $891,017 |
| Buford | $117,186 | $225,284 | $342,676 | $572,189 | $840,061 |
| Centennial | $71,708 | $144,901 | $274,029 | $446,834 | $656,774 |
| Garrett | $34,435 | $51,782 | $124,352 | $363,931 | $617,063 |
| Jelm | $115,506 | $236,370 | $327,884 | $449,482 | $729,679 |
| Laramie | $55,737 | $210,335 | $300,694 | $408,133 | $549,942 |
| Medicine Bow | $25,728 | $40,988 | $74,837 | $176,409 | $260,969 |
| Rock River | $5,846 | $18,522 | $50,876 | $104,882 | $203,462 |
| Tie Siding | $122,417 | $243,904 | $330,874 | $625,265 | $883,186 |
| Wheatland | $6,722 | $21,624 | $85,108 | $184,589 | $428,343 |
Source: Ownwell
Property Tax Bills Across Albany County, Wyoming
Property tax bills in Albany County, WY, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value, which in Albany County is influenced by factors such as location, property size, and improvements. The county then applies the local tax rate to the assessed value to determine the annual property tax bill. Homeowners in Albany County can expect varying tax bills depending on their property's assessed value. For instance, the median home price in the county is $294,660, resulting in a range of tax bills. The 25th percentile tax bill is approximately $1,564, while the 75th percentile tax bill is around $2,905, and the 90th percentile tax bill reaches up to $3,926. These figures highlight the variability in property taxes within the county, influenced by the specific characteristics of each property. Homeowners in cities like Bosler face the highest median tax bill at $3,447, while those in Rock River enjoy the lowest median tax bill at $384.
Average Albany County Tax Bill
$2,125
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Albany County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bosler | $346 | $1,769 | $3,447 | $4,869 | $5,958 |
| Buford | $758 | $1,462 | $2,249 | $3,801 | $5,451 |
| Centennial | $580 | $985 | $1,821 | $2,966 | $4,256 |
| Garrett | $211 | $311 | $757 | $2,137 | $3,808 |
| Jelm | $743 | $1,567 | $2,092 | $2,946 | $4,735 |
| Laramie | $1,137 | $1,650 | $2,165 | $2,914 | $3,868 |
| Medicine Bow | $172 | $285 | $484 | $1,082 | $1,563 |
| Rock River | $35 | $158 | $384 | $732 | $1,373 |
| Tie Siding | $818 | $1,521 | $2,163 | $4,018 | $5,662 |
| Wheatland | $372 | $562 | $993 | $1,877 | $3,776 |
Source: Ownwell
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