Oshoto, Wyoming Property Taxes
The median property tax rate in Oshoto, WY is 0.53%, considerably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Oshoto, the typical annual property tax bill reaches $1,054, which is significantly below the national median of $2,690. Property taxes in Oshoto 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 Oshoto'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 Oshoto 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
Oshoto, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$780
Ownwell’s Oshoto Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oshoto with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oshoto 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 Oshoto, Wyoming
Property taxes in Oshoto, Wyoming, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Oshoto is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Oshoto set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oshoto 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 Oshoto's effective property tax rate to other areas in Crook County and the national median. For comparison, the zip code 82721 has both the highest and lowest median property tax rate of 0.53%. Understanding how these areas compare with Oshoto 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 Oshoto Tax Rate
0.53%
Average Crook County Tax Rate
0.54%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oshoto, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82721 | 0.49% | 0.51% | 0.53% | 0.55% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Oshoto, Wyoming
In Oshoto, 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 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 Oshoto, 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 Oshoto helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 82721 has a median tax bill of $1054, reflecting the region's property tax landscape.
Average Oshoto Assessed Value
$147,175
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 Oshoto, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82721 | $6,594 | $33,958 | $147,175 | $547,619 | $754,958 |
Source: Ownwell
Property Tax Bills Across Oshoto, Wyoming
In Oshoto, WY, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor. This assessed value is typically a percentage of the property's market value. For homeowners in Oshoto, the median home price stands at $147,175. The tax rate applied to this assessed value varies but is designed to meet the county's budgetary needs. Several factors influence the final tax bill, including property location, property type, and any applicable exemptions or deductions. For example, the tax bill at the 25th percentile is $188, while at the 75th percentile, it rises to $2,773. At the 90th percentile, homeowners might see tax bills as high as $3,911. These property taxes directly impact homeowners by contributing to public services such as schools, infrastructure, and emergency services. Comparing these figures to the national median property tax rate of 0.99%, Oshoto's property tax bills can vary significantly, reflecting the unique economic and budgetary conditions of Crook County.
Average Oshoto Tax Bill
$1,054
Average Crook County Tax Bill
$1,086
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Oshoto, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82721 | $33 | $188 | $1,054 | $2,773 | $3,911 |
Source: Ownwell