Glenrock, Wyoming Property Taxes
The median property tax rate in Glenrock, WY is 0.62%, which is lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Glenrock at $200,542, the typical annual property tax bill amounts to $1,238, significantly below the national median of $2,690. Property taxes in Glenrock are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Glenrock'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 Glenrock or another part of Converse County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glenrock, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$1,243
Ownwell’s Glenrock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenrock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenrock 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 Converse County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Glenrock, Wyoming
Property taxes in Glenrock, Wyoming, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenrock is 0.62%, which is higher than the Wyoming state median but lower than the U.S. national median of 0.99%. Local government entities within Glenrock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenrock 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 Glenrock's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82637 zip code has the highest median property tax rate of 0.62%, while the 82633 zip code has the lowest median tax rate of 0.50%. Understanding how these areas compare with Glenrock provides valuable insights into the varying tax landscape across Converse County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glenrock Tax Rate
0.62%
Average Converse County Tax Rate
0.55%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenrock, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82633 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| 82637 | 0.51% | 0.55% | 0.62% | 0.65% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Glenrock, Wyoming
In Glenrock, Wyoming, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Converse County Assessor 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 Glenrock, 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 Glenrock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, zip code 82637 has the highest median tax bill at $1,239, while zip code 82633 has the lowest at $351.
Average Glenrock Assessed Value
$200,542
Average Converse County Assessed Value
$211,678
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glenrock, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82633 | $65,814 | $67,330 | $69,856 | $72,383 | $73,899 |
| 82637 | $25,146 | $89,175 | $200,620 | $274,230 | $383,396 |
Source: Ownwell
Property Tax Bills Across Glenrock, Wyoming
In Glenrock, located in Converse County, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is typically a percentage of the market value of the property. Factors such as location, size, and condition of the property are considered in this valuation process. Once the assessed value is established, the local tax rate is applied to determine the annual property tax bill. For instance, in Glenrock, the median home price is $200,542. Homeowners in the 25th percentile of tax bills pay around $493 annually, while those in the 75th percentile face bills of approximately $1,666. The highest median tax bill in the area is $1,239, found in zip code 82637, whereas the lowest is $351 in zip code 82633. Compared to the national median property tax rate of 0.99%, Glenrock's tax rates can vary significantly, affecting homeowners differently based on their property's assessed value and location within the county.
Average Glenrock Tax Bill
$1,238
Average Converse County Tax Bill
$1,193
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenrock, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82633 | $329 | $337 | $351 | $364 | $373 |
| 82637 | $142 | $497 | $1,239 | $1,667 | $2,196 |
Source: Ownwell