Upton, Wyoming Property Taxes
The median property tax rate in Upton, WY is 0.53%, significantly lower than both the national median of 0.99% and Wyoming's state median of 0.65%. With the median home value in Upton at $115,405, the typical annual property tax bill amounts to $619, which is well below the national median of $2,690. Property taxes in Upton 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 Upton'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 Upton 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
Upton, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$612
Ownwell’s Upton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Upton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Upton 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 Upton, Wyoming
Property taxes in Upton, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Upton is 0.53%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Upton set these rates annually, and they can vary across different neighborhoods. Each year, Upton 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 Upton's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82730 in Crook County has both the highest and lowest median property tax rate of 0.53%. Understanding how these cities compare with Upton 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 Upton 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 Upton, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82730 | 0.50% | 0.51% | 0.53% | 0.54% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Upton, Wyoming
In Upton, 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 Upton, 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 Upton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $115,405, with the 25th percentile tax bill at $282 and the 75th percentile at $2,072. The highest and lowest median tax bill is $619 in zip code 82730.
Average Upton Assessed Value
$115,405
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 Upton, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82730 | $37,934 | $56,698 | $115,405 | $395,150 | $587,753 |
Source: Ownwell
Property Tax Bills Across Upton, Wyoming
In Upton, located in Crook County, WY, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $115,405, homeowners in Upton can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $282, while the 75th percentile tax bill reaches up to $2,072. At the 90th percentile, homeowners might see tax bills as high as $3,073. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions or abatements. Comparatively, Upton's property tax rates are relatively modest, given the national median property tax rate of 0.99%. This means that homeowners in Upton generally benefit from lower property tax obligations, which can make homeownership more affordable and appealing in this region.
Average Upton Tax Bill
$619
Average Crook County Tax Bill
$1,086
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Upton, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82730 | $198 | $282 | $619 | $2,072 | $3,073 |
Source: Ownwell