Fort Washakie, Wyoming Property Taxes
The median property tax rate in Fort Washakie, WY is 0.69%, which is lower than the national median of 0.99% but slightly higher than the Wyoming state median of 0.65%. With a median home value of $155,015 in Fort Washakie, the typical annual property tax bill amounts to $1,004, well below the national median of $2,690. Property taxes in Fort Washakie are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Fort Washakie'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 Fort Washakie 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
Fort Washakie, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,070
Ownwell’s FORT WASHAKIE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORT WASHAKIE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORT WASHAKIE 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 Fort Washakie, Wyoming
Property taxes in Fort Washakie, Wyoming, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Fort Washakie is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Fort Washakie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Washakie 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 Fort Washakie's effective property tax rate to other areas in Wyoming and the national median. For comparison, the 82514 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these areas compare with Fort Washakie 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 Fort Washakie Tax Rate
0.69%
Average Fremont County Tax Rate
0.72%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Washakie, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82514 | 0.67% | 0.69% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Fort Washakie, Wyoming
In Fort Washakie, 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 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 Fort Washakie, 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 Fort Washakie 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 $1004, specifically in the 82514 zip code.
Average Fort Washakie Assessed Value
$155,015
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 Fort Washakie, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82514 | $17,011 | $34,900 | $155,015 | $336,954 | $465,021 |
Source: Ownwell
Property Tax Bills Across Fort Washakie, Wyoming
In Fort Washakie, Fremont County, WY, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $155,015. Property taxes are then determined by applying the local tax rate to this assessed value. Various factors, such as home improvements and local tax levies, can influence the assessed value. Homeowners in Fort Washakie can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $257, while it reaches $2,151 at the 75th percentile, and $2,975 at the 90th percentile. This variation reflects differences in home values and specific property characteristics. Compared to the national median property tax rate of 0.99%, Fort Washakie's property tax bills are relatively moderate, which can be a financial relief for homeowners. However, understanding these factors is crucial for effective financial planning and property management.
Average Fort Washakie Tax Bill
$1,004
Average Fremont County Tax Bill
$1,362
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Washakie, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82514 | $167 | $257 | $1,004 | $2,151 | $2,975 |
Source: Ownwell