Fort Laramie, Wyoming Property Taxes
The median property tax rate in Fort Laramie, WY is 0.69%, slightly higher than the Wyoming state median of 0.65% but still below the national median of 0.99%. With a median home value of $91,448, the typical annual property tax bill in Fort Laramie is $628, significantly lower than the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Fort Laramie'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 Fort Laramie or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fort Laramie, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$631
Ownwell’s Fort Laramie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Laramie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Laramie 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 Laramie, Wyoming
Property taxes in Fort Laramie, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Laramie is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Fort Laramie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Laramie 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 Laramie's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82212 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Fort Laramie 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 Fort Laramie 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 Fort Laramie, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82212 | 0.63% | 0.67% | 0.69% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Fort Laramie, Wyoming
In Fort Laramie, 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 Fort Laramie, 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 Laramie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 82212 has the highest and lowest median tax bill at $628.
Average Fort Laramie Assessed Value
$91,448
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 Fort Laramie, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82212 | $8,363 | $24,314 | $91,448 | $242,706 | $444,554 |
Source: Ownwell
Property Tax Bills Across Fort Laramie, Wyoming
In Fort Laramie, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the market value of the home. In Goshen County, where Fort Laramie is located, the median home price is $91,448. Homeowners can expect tax bills to vary significantly, with the 25th percentile tax bill at $177 and the 75th percentile reaching $1,660. Several factors influence the tax bill, including property location, size, and any applicable exemptions. For example, the highest median tax bill in the area is $628, found in the zip code 82212. This amount is relatively low compared to the national median property tax rate of 0.99%. These taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the community's quality of life. Therefore, understanding how property taxes are calculated helps homeowners budget more effectively and anticipate their financial obligations.
Average Fort Laramie Tax Bill
$628
Average Goshen County Tax Bill
$1,078
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Laramie, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82212 | $56 | $177 | $628 | $1,660 | $3,008 |
Source: Ownwell