South Pass City, Wyoming Property Taxes
The median property tax rate in South Pass City, WY is 0.68%, which is lower than the national median of 0.99% but slightly higher than the Wyoming state median of 0.65%. With the median home value in South Pass City at $148,109, the typical annual property tax bill amounts to $1,007, significantly below the national median of $2,690. Property taxes in South Pass City are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding South Pass City'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 South Pass City 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
South Pass City, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,007
Ownwell’s South Pass City Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in South Pass City with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in South Pass City to provide an estimated property tax bill. This valuable tool helps you gain insights into potential tax liabilities. For those interested in more localized trends, additional neighborhood-specific information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across South Pass City, Wyoming
Property taxes in South Pass City, Wyoming, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in South Pass City is 0.68%, which is lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within South Pass City set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Pass City 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 South Pass City's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82520 zip code has the highest median property tax rate of 0.68%, while the same 82520 zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with South Pass City 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 South Pass City Tax Rate
0.68%
Average Fremont County Tax Rate
0.72%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Pass City, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82520 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across South Pass City, Wyoming
In South Pass City, 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. 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 South Pass City 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 $1,007, found in the 82520 zip code.
Property Tax Assessment Values Across South Pass City, Wyoming
Source: Ownwell
$12,039
$285,816
$559,593
Average South Pass City Assessed Value
$148,109
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 South Pass City, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82520 | $8,209 | $45,734 | $148,109 | $218,199 | $303,276 |
Source: Ownwell
Property Tax Bills Across South Pass City, Wyoming
In South Pass City, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. Homeowners in Fremont County, where South Pass City is located, can expect their tax bills to vary significantly. The median home price in the area is $148,109, and property tax bills range widely, from the 25th percentile at $311 to the 90th percentile at $2,062. This variability is influenced by factors such as the property's location, size, and condition. Compared to the national median property tax rate of 0.99%, South Pass City's property tax rates can be relatively moderate or high, depending on the specific property. These taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting the quality of life for homeowners.
Average South Pass City Tax Bill
$1,007
Average Fremont County Tax Bill
$1,362
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across South Pass City, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82520 | $55 | $311 | $1,007 | $1,484 | $2,062 |
Source: Ownwell