Lingle, Wyoming Property Taxes
The median property tax rate in Lingle, WY is 0.67%, slightly above the state median of 0.65% but below the national median of 0.99%. With the median home value in Lingle at $166,126, the typical annual property tax bill is $1,135, significantly lower than the national median of $2,690. Property taxes in Lingle are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Lingle'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 Lingle 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
Lingle, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,113
Ownwell’s Lingle Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Lingle with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Lingle to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For a deeper dive into trends at the 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, taking into account any exemptions that may apply.
Property Tax Rates Across Lingle, Wyoming
Property taxes in Lingle, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lingle is 0.67%, which is lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Lingle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lingle 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 Lingle's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82223 zip code has the highest median property tax rate of 0.67%, while the 82223 zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Lingle 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 Lingle Tax Rate
0.67%
Average Goshen County Tax Rate
0.70%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lingle, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82223 | 0.62% | 0.67% | 0.67% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Lingle, Wyoming
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lingle, Wyoming. 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 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 Lingle, 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. The median home price in Lingle is $166,126, with tax bills ranging from $517 at the 25th percentile to $3,281 at the 90th percentile. The zip code 82223 has both the highest and lowest median tax bill, standing at $1,135. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lingle Assessed Value
$166,126
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 Lingle, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82223 | $25,387 | $79,739 | $166,126 | $290,240 | $510,330 |
Source: Ownwell
Property Tax Bills Across Lingle, Wyoming
In Lingle, property tax bills are calculated by assessing the value of a property and applying the local tax rate. Goshen County assesses properties based on their market value, which is determined through periodic evaluations. The assessed value is then multiplied by the county's tax rate to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any improvements made. For instance, the median home price in Lingle is $166,126, and the tax bills can vary significantly. Homeowners in the 25th percentile can expect to pay around $517 annually, while those in the 75th percentile might see bills as high as $1,954. For the top 10% of properties, tax bills can reach up to $3,281. These property taxes are crucial for funding local services like schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Lingle homeowners enjoy relatively moderate property taxes, making it an attractive location for potential buyers.
Average Lingle Tax Bill
$1,135
Average Goshen County Tax Bill
$1,078
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Lingle, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82223 | $171 | $517 | $1,135 | $1,954 | $3,281 |
Source: Ownwell