Kemmerer, Wyoming Property Taxes
The median property tax rate in Kemmerer, WY is 0.68%, slightly higher than the state median of 0.65% but lower than the national median of 0.99%. With a median home value of $167,453, the typical annual property tax bill in Kemmerer amounts to $1,134, which is well below the national median of $2,690. Property taxes in Kemmerer are calculated based on the assessed value, which often falls below market value due to exemptions such as primary residence and agricultural exemptions. Understanding Kemmerer'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 Kemmerer or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kemmerer, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,139
Ownwell’s Kemmerer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kemmerer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kemmerer 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 Kemmerer, Wyoming
Property taxes in Kemmerer, Wyoming, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Kemmerer stands at 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Kemmerer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kemmerer 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 Kemmerer's effective property tax rate to other areas in Wyoming and the national median. For comparison, the zip code 83101 has both the highest and lowest median property tax rate in the area at 0.68%. Understanding how these figures compare with Kemmerer 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 Kemmerer Tax Rate
0.68%
Average Lincoln County Tax Rate
0.60%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kemmerer, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83101 | 0.61% | 0.61% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Kemmerer, Wyoming
In Kemmerer, 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 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 Kemmerer, 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 Kemmerer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Kemmerer is 83101, with a tax bill of $1,134.
Average Kemmerer Assessed Value
$167,453
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 Kemmerer, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83101 | $36,170 | $94,220 | $167,453 | $234,778 | $313,352 |
Source: Ownwell
Property Tax Bills Across Kemmerer, Wyoming
In Kemmerer, Lincoln County, WY, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Kemmerer is $167,453. Property taxes are calculated by multiplying the assessed value by the local tax rate. Factors such as property location, improvements, and exemptions can influence the assessed value. The property tax rate in Lincoln County is relatively low compared to the national median property tax rate of 0.99%. Homeowners in Kemmerer experience tax bills ranging from $648 at the 25th percentile to $1,574 at the 75th percentile, with the 90th percentile reaching $2,076. The median tax bill in the area is $1,134, consistent across all zip codes in Kemmerer. These property taxes fund essential services such as schools, infrastructure, and emergency services, directly impacting the community. For homeowners, understanding these factors can help in financial planning and making informed decisions about property investments.
Average Kemmerer Tax Bill
$1,134
Average Lincoln County Tax Bill
$2,068
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Kemmerer, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83101 | $293 | $648 | $1,134 | $1,574 | $2,076 |
Source: Ownwell