La Barge, Wyoming Property Taxes
The median property tax rate in La Barge, WY is 0.67%, slightly higher than the state median of 0.65% but below the national median of 0.99%. With a median home value of $91,685, the typical annual property tax bill in La Barge is approximately $675, which is significantly lower than the national median of $2,690. Property taxes in La Barge are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding La Barge'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 La Barge 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
La Barge, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$614
Ownwell’s LA Barge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA Barge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA Barge 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 La Barge, Wyoming
Property taxes in La Barge, Wyoming, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Barge is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within La Barge set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Barge 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 La Barge's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 83123 has both the highest and lowest median property tax rate of 0.67%. Understanding how these cities compare with La Barge 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 La Barge Tax Rate
0.67%
Average Lincoln County Tax Rate
0.60%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Barge, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83123 | 0.60% | 0.60% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across La Barge, Wyoming
In LA Barge, 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 LA Barge, 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. With a median home price of $91,685, the tax bills vary significantly, with the 25th percentile at $297 and the 75th percentile at $1,194. The highest and lowest median tax bills are both $675, found in the 83123 zip code. By understanding 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 LA Barge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average La Barge Assessed Value
$91,685
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 La Barge, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83123 | $9,290 | $28,540 | $91,685 | $173,589 | $277,918 |
Source: Ownwell
Property Tax Bills Across La Barge, Wyoming
In La Barge, Lincoln County, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in La Barge can expect a median property tax bill of approximately $675, which is lower than the national median property tax rate of 0.99%. Factors such as the property's location, size, and improvements can influence the assessed value, and consequently, the tax bill. For instance, tax bills in the 25th percentile are around $297, while those in the 75th percentile can reach up to $1,194. In some cases, homeowners may see tax bills as high as $1,899, which represents the 90th percentile. These property taxes fund local services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Lower property taxes can make homeownership more affordable, but they also mean fewer resources for public services.
Average La Barge Tax Bill
$675
Average Lincoln County Tax Bill
$2,068
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across La Barge, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83123 | $73 | $297 | $675 | $1,194 | $1,899 |
Source: Ownwell