Douglas, Wyoming Property Taxes
The median property tax rate in Douglas, WY is 0.66%, slightly higher than the state median of 0.65% but still below the national median of 0.99%. With a median home value of $250,426, the typical annual property tax bill in Douglas reaches $1,642, which is significantly lower than the national median of $2,690. Property taxes in Douglas are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Douglas'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 Douglas 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
Douglas, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,653
Ownwell’s Douglas Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Douglas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Douglas 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 Douglas, Wyoming
Property taxes in Douglas, Wyoming, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Douglas is 0.66%, which is lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Douglas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Douglas 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 Douglas's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82633 has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Douglas provides valuable insights into the varying tax landscape across Niobrara County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Douglas Tax Rate
0.66%
Average Niobrara County Tax Rate
0.70%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Douglas, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82633 | 0.51% | 0.57% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Douglas, Wyoming
In Douglas, 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 Niobrara 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 Douglas, 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. For example, the median home price in Douglas is $250,426, with tax bills ranging from $841 at the 25th percentile to $2,269 at the 75th percentile. The highest and lowest median tax bills in the area both stand at $1,642 in the 82633 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 Douglas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Douglas Assessed Value
$250,426
Average Niobrara County Assessed Value
$88,394
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Douglas, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82633 | $56,976 | $129,520 | $250,426 | $346,064 | $403,447 |
Source: Ownwell
Property Tax Bills Across Douglas, Wyoming
In Douglas, Wyoming, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the home, and this percentage can vary by jurisdiction. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Douglas, the median home price is $250,426. Property tax bills in the city range significantly, with the 25th percentile at $841 and the 75th percentile reaching $2,269. At the 90th percentile, homeowners can expect to pay around $2,645. These figures indicate that property taxes in Douglas can vary widely depending on the assessed value of the property and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Douglas offers a relatively favorable tax environment, which can be a significant factor for homeowners considering the overall affordability of living in the area.
Average Douglas Tax Bill
$1,642
Average Niobrara County Tax Bill
$603
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Douglas, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82633 | $361 | $841 | $1,642 | $2,269 | $2,645 |
Source: Ownwell