Hillsdale, Wyoming Property Taxes
The median property tax rate in Hillsdale, WY is 0.57%, considerably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Hillsdale at $285,112, the typical annual property tax bill is $1,564, significantly below the national median of $2,690. Property taxes in Hillsdale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hillsdale'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 Hillsdale 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
Hillsdale, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$1,625
Ownwell’s Hillsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hillsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hillsdale 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 Hillsdale, Wyoming
Property taxes in Hillsdale, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillsdale is 0.57%, significantly lower than the U.S. national median of 0.99%. Local government entities within Hillsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillsdale 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 Hillsdale's effective property tax rate to other areas in Wyoming and the national median. For comparison, the 82060 zip code has the highest median property tax rate of 0.57%, while the 82050 zip code has the lowest median tax rate of 0.55%. Understanding how these areas compare with Hillsdale provides valuable insights into the varying tax landscape across Laramie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hillsdale Tax Rate
0.57%
Average Laramie County Tax Rate
0.60%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillsdale, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82050 | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| 82060 | 0.50% | 0.55% | 0.57% | 0.60% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Hillsdale, Wyoming
In Hillsdale, 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 Laramie 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 Hillsdale, 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 Hillsdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $1,993 in zip code 82050, while the lowest is $1,551 in zip code 82060.
Average Hillsdale Assessed Value
$285,112
Average Laramie County Assessed Value
$308,008
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hillsdale, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82050 | $361,947 | $361,947 | $361,947 | $361,947 | $361,947 |
| 82060 | $27,780 | $134,402 | $282,832 | $399,858 | $469,276 |
Source: Ownwell
Property Tax Bills Across Hillsdale, Wyoming
In Hillsdale, WY, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Hillsdale is $285,112. Local tax assessors evaluate properties to determine their assessed value, which is then multiplied by the local tax rate to calculate the annual tax bill. Various factors, such as property size, location, and improvements, influence the assessed value. Homeowners in Hillsdale can expect their property tax bills to vary. For instance, the 25th percentile tax bill is $774, while the 75th percentile tax bill reaches $2,220. At the 90th percentile, homeowners might pay up to $2,714. These figures reflect a range of tax burdens, with the highest median tax bill in the area being $1,993 in zip code 82050, and the lowest at $1,551 in zip code 82060. Compared to the national median property tax rate of 0.99%, Hillsdale's property taxes can significantly impact homeowners’ annual expenses, depending on their property’s assessed value.
Average Hillsdale Tax Bill
$1,564
Average Laramie County Tax Bill
$1,816
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillsdale, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82050 | $1,993 | $1,993 | $1,993 | $1,993 | $1,993 |
| 82060 | $185 | $770 | $1,551 | $2,223 | $2,723 |
Source: Ownwell