Shell, Wyoming Property Taxes
The median property tax rate in Shell, Wyoming is 0.56%, significantly lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Shell, the typical annual property tax bill reaches $1,195, well below the national median of $2,690. Property taxes in Shell 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 Shell's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Shell 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
Shell, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,145
Ownwell’s SHELL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SHELL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SHELL 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 Shell, Wyoming
Property taxes in Shell, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shell is 0.56%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Shell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shell 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 Shell's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82441 zip code in Big Horn County has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Shell provides valuable insights into the varying tax landscape across Big Horn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shell Tax Rate
0.56%
Average Big Horn County Tax Rate
0.60%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shell, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82441 | 0.43% | 0.53% | 0.56% | 0.58% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Shell, Wyoming
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in SHELL, Wyoming. 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 Big Horn 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 SHELL, 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. By understanding the distinction between 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 in SHELL helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area both stand at $1,195 in the 82441 zip code.
Average Shell Assessed Value
$204,447
Average Big Horn County Assessed Value
$158,659
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shell, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82441 | $49,522 | $85,418 | $204,447 | $368,130 | $543,985 |
Source: Ownwell
Property Tax Bills Across Shell, Wyoming
In Shell, located in Big Horn County, WY, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is multiplied by the local tax rate to determine the annual tax bill. Several factors influence this calculation, including the home's location, size, and any applicable exemptions or deductions. For homeowners in Shell, the median home price is $204,447. The tax bills vary significantly, with the 25th percentile at $437 and the 75th percentile reaching $2,076. At the 90th percentile, homeowners might see tax bills as high as $3,177. These figures highlight the range of property tax burdens within the area, influenced by property values and local tax rates. Compared to the national median property tax rate of 0.99%, Shell's property tax bills can be quite varied, impacting homeowners differently based on their property's assessed value and the specific tax rates applied in Big Horn County.
Average Shell Tax Bill
$1,195
Average Big Horn County Tax Bill
$957
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Shell, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82441 | $222 | $437 | $1,195 | $2,076 | $3,177 |
Source: Ownwell