Chugwater, Wyoming Property Taxes
The median property tax rate in Chugwater, 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 $187,815 in Chugwater, the typical annual property tax bill amounts to $1,299, which is below the national median of $2,690. Property taxes in Chugwater are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Chugwater'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 Chugwater or another part of Goshen County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chugwater, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,296
Ownwell’s Chugwater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chugwater with just two data points. By entering your property’s estimated assessed value, the calculator applies the median tax rate in Chugwater 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 Chugwater, Wyoming
Property taxes in Chugwater, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chugwater is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Chugwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chugwater 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 Chugwater's effective property tax rate to other areas in Wyoming and the national median. For comparison, the 82210 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these rates compare with Chugwater provides valuable insights into the varying tax landscape across Goshen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chugwater Tax Rate
0.69%
Average Goshen County Tax Rate
0.70%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chugwater, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82210 | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Chugwater, Wyoming
In Chugwater, 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 Goshen 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 Chugwater, 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 Chugwater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $187,815, with tax bills ranging from $767 at the 25th percentile to $3,986 at the 90th percentile. Interestingly, the highest and lowest median tax bills are both $1,299 in the 82210 zip code.
Average Chugwater Assessed Value
$187,815
Average Goshen County Assessed Value
$154,898
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chugwater, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82210 | $29,783 | $110,905 | $187,815 | $338,659 | $576,293 |
Source: Ownwell
Property Tax Bills Across Chugwater, Wyoming
In Chugwater, located in Goshen County, WY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Homeowners in Chugwater experience property tax bills that can vary significantly. For instance, the 25th percentile tax bill is around $767, while the 75th percentile reaches $2,342, and the 90th percentile can be as high as $3,986. These figures illustrate the range of tax burdens that homeowners might face, depending on their property's assessed value. The median home price in Chugwater is $187,815, and with the national median property tax rate at 0.99%, local taxes can be relatively moderate or more substantial, depending on specific assessments. The highest median tax bill in the area is $1,299, found in zip code 82210. Understanding these factors is crucial for homeowners as property taxes directly impact annual housing costs and overall financial planning.
Average Chugwater Tax Bill
$1,299
Average Goshen County Tax Bill
$1,078
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Chugwater, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82210 | $182 | $767 | $1,299 | $2,342 | $3,986 |
Source: Ownwell