Etna, Wyoming Property Taxes
The median property tax rate in Etna, Wyoming is 0.59%, significantly lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Etna, the typical annual property tax bill reaches $3,320, surpassing the national median of $2,690. Property taxes in Etna 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 Etna'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 Etna or another part of Lincoln County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Etna, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$3,140
Ownwell’s Etna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Etna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Etna 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 Etna, Wyoming
Property taxes in Etna, Wyoming, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Etna is 0.59%, significantly lower than the U.S. national median of 0.99%. Local government entities within Etna set these rates annually, and they can vary across different neighborhoods. Each year, Etna 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 Etna's effective property tax rate to other areas in Wyoming and the national median. For comparison, the 83118 zip code has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these areas compare with Etna provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Etna Tax Rate
0.59%
Average Lincoln County Tax Rate
0.60%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Etna, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83118 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Etna, Wyoming
In Etna, 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 Lincoln 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 Etna, 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 Etna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 83118 has both the highest and lowest median tax bill, standing at $3,320.
Average Etna Assessed Value
$532,126
Average Lincoln County Assessed Value
$316,204
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Etna, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83118 | $121,194 | $305,068 | $532,126 | $853,020 | $1,268,016 |
Source: Ownwell
Property Tax Bills Across Etna, Wyoming
In Etna, Lincoln County, WY, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Local tax rates are then applied to this assessed value to determine the final tax bill. For instance, with a median home price of $532,126, the property tax bill can vary significantly. Homeowners in the 25th percentile might pay around $1,958, while those in the 75th percentile could see bills as high as $5,176. At the 90th percentile, tax bills can reach up to $7,565. These variations are influenced by factors such as property size, location, and any applicable exemptions. The highest and lowest median tax bills in the area are both reported to be $3,320 in the 83118 zip code, which provides a benchmark for comparison. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Etna Tax Bill
$3,320
Average Lincoln County Tax Bill
$2,068
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Etna, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83118 | $1,005 | $1,958 | $3,320 | $5,176 | $7,565 |
Source: Ownwell