Arapahoe, Wyoming Property Taxes
The median property tax rate in Arapahoe, Wyoming is 0.70%, slightly higher than the state median of 0.65% but below the national median of 0.99%. With a median home value of $103,342, the typical annual property tax bill in Arapahoe is $863, significantly lower than the national median of $2,690. Property taxes in Arapahoe are calculated based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Arapahoe's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Arapahoe or another part of Fremont County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arapahoe, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$723
Ownwell’s Arapahoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arapahoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arapahoe 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 Arapahoe, Wyoming
Property taxes in Arapahoe, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arapahoe is 0.70%, lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Arapahoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arapahoe 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 Arapahoe's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82510 zip code has the highest median property tax rate of 0.70%, while the 82510 zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Arapahoe provides valuable insights into the varying tax landscape across Fremont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arapahoe Tax Rate
0.70%
Average Fremont County Tax Rate
0.72%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arapahoe, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82510 | 0.69% | 0.69% | 0.70% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Arapahoe, Wyoming
In Arapahoe, 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 Fremont 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 Arapahoe, 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 Arapahoe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $863, found in the 82510 zip code.
Average Arapahoe Assessed Value
$103,342
Average Fremont County Assessed Value
$184,535
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arapahoe, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82510 | $6,378 | $16,838 | $103,342 | $312,606 | $533,837 |
Source: Ownwell
Property Tax Bills Across Arapahoe, Wyoming
In Arapahoe, property tax bills are calculated based on the assessed value of a home, which is determined by the Fremont County Assessor's Office. The assessed value is a percentage of the market value of the property. Homeowners in Arapahoe can expect their property tax bill to vary significantly. For instance, the 25th percentile tax bill is approximately $188, while the 75th percentile tax bill reaches up to $2,279. At the 90th percentile, homeowners might see a tax bill as high as $3,764. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. The median home price in Arapahoe is $103,342, which is relatively modest compared to national figures. This impacts the overall tax burden on homeowners. With the national median property tax rate at 0.99%, understanding these local variations is crucial for homeowners to manage their financial expectations and plan accordingly.
Average Arapahoe Tax Bill
$863
Average Fremont County Tax Bill
$1,362
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Arapahoe, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82510 | $45 | $188 | $863 | $2,279 | $3,764 |
Source: Ownwell