Alva, Wyoming Property Taxes
The median property tax rate in Alva, Wyoming is 0.54%, considerably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Alva, the typical annual property tax bill reaches $730, significantly below the national median of $2,690. Property taxes in Alva 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 Alva'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 Alva 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
Alva, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$760
Ownwell’s Alva Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alva with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alva 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 Alva, Wyoming
Property taxes in Alva, Wyoming, are essential for funding crucial local services like public schools, road maintenance, and emergency services. The median tax rate in Alva is 0.54%, which is lower than the U.S. national median of 0.99%. Local government entities within Alva set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alva 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 Alva's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82711 zip code has the highest median property tax rate of 0.54%, while the same zip code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Alva provides valuable insights into the varying tax landscape across Crook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alva Tax Rate
0.54%
Average Crook County Tax Rate
0.54%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alva, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82711 | 0.47% | 0.51% | 0.54% | 0.59% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Alva, Wyoming
In Alva, 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 Crook 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 Alva, 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 Alva helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Alva is $140,787, with tax bills ranging from $124 at the 25th percentile to $3,000 at the 90th percentile. The zip code 82711 has both the highest and lowest median tax bill at $730.
Average Alva Assessed Value
$140,787
Average Crook County Assessed Value
$198,902
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alva, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82711 | $11,462 | $21,743 | $140,787 | $358,240 | $624,338 |
Source: Ownwell
Property Tax Bills Across Alva, Wyoming
In Alva, property tax bills are calculated based on the assessed value of your home, which is determined by the Crook County assessor. The assessed value is a percentage of the market value of your property. This value is then multiplied by the local tax rate to determine your annual tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value. For homeowners in Alva, the median home price is $140,787, and tax bills vary significantly. The 25th percentile tax bill is $124, while the 75th percentile reaches $1,707, and the 90th percentile can be as high as $3,000. This variation means that while some homeowners benefit from relatively low property taxes, others may face higher bills depending on their property’s assessed value. Compared to the national median property tax rate of 0.99%, Alva’s tax rates reflect the unique economic and property conditions of the region, impacting homeowners' financial planning and budgeting.
Average Alva Tax Bill
$730
Average Crook County Tax Bill
$1,086
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Alva, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82711 | $70 | $124 | $730 | $1,707 | $3,000 |
Source: Ownwell