Clearmont, Wyoming Property Taxes
The median property tax rate in Clearmont, WY is 0.65%, aligning with the Wyoming state median but lower than the national median of 0.99%. With the median home value in Clearmont at $359,774, the typical annual property tax bill is $2,354, which is below the national median of $2,690. Property taxes in Clearmont are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clearmont'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 Clearmont 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
Clearmont, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$2,339
Ownwell’s Clearmont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clearmont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clearmont 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 Clearmont, Wyoming
Property taxes in Clearmont, Wyoming, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clearmont is 0.51%, significantly lower than both the Wyoming state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Clearmont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clearmont 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 Clearmont's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82835 zip code has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Clearmont provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clearmont Tax Rate
0.65%
Average Johnson County Tax Rate
0.66%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clearmont, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82835 | 0.65% | 0.65% | 0.65% | 0.66% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Clearmont, Wyoming
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Clearmont, 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 Johnson 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. 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 Clearmont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Clearmont, the median home price is $359,774, with tax bills varying significantly. The 25th percentile tax bill is $1,264, while the 75th percentile reaches $4,581, and the 90th percentile can go up to $5,305. The highest and lowest median tax bills are both $2,354 in the 82835 zip code.
Average Clearmont Assessed Value
$359,774
Average Johnson County Assessed Value
$283,784
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clearmont, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82835 | $26,256 | $158,933 | $359,774 | $700,202 | $810,914 |
Source: Ownwell
Property Tax Bills Across Clearmont, Wyoming
In Clearmont, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the property's market value. Homeowners in Johnson County can expect their tax bills to vary significantly, depending on several factors including the property's assessed value and the local tax rate. The median home price in Clearmont stands at $359,774, and property tax bills can range widely across the spectrum. For instance, the tax bill at the 25th percentile is $1,264, while at the 75th percentile, it rises to $4,581. The 90th percentile sees tax bills as high as $5,305. These variations can significantly impact homeowners, influencing their annual expenses and overall financial planning. Compared to the national median property tax rate of 0.99%, Clearmont's rates reflect the unique local economic conditions and funding needs. Understanding these factors can help homeowners better anticipate their property tax obligations and manage their finances more effectively.
Average Clearmont Tax Bill
$2,354
Average Johnson County Tax Bill
$1,949
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Clearmont, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82835 | $436 | $1,264 | $2,354 | $4,581 | $5,305 |
Source: Ownwell