Guernsey, Wyoming Property Taxes
The median property tax rate in Guernsey, WY is 0.69%, which is lower than the national median of 0.99% but slightly higher than the Wyoming state median of 0.65%. With the median home value in Guernsey at $131,524, the typical annual property tax bill amounts to $850, which is significantly below the national median of $2,690. Property taxes in Guernsey are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Guernsey's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Guernsey 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
Guernsey, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$908
Ownwell’s Guernsey Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Guernsey with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Guernsey to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Guernsey, Wyoming
Property taxes in Guernsey, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Guernsey is 0.61%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Guernsey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guernsey 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 Guernsey's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82214 zip code has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Guernsey provides valuable insights into the varying tax landscape across Platte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Guernsey Tax Rate
0.69%
Average Platte County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guernsey, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82214 | 0.60% | 0.64% | 0.69% | 0.69% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Guernsey, Wyoming
In Guernsey, 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 Platte 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 Guernsey, 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 Guernsey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $850, found in the 82214 zip code.
Average Guernsey Assessed Value
$131,524
Average Platte County Assessed Value
$177,671
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Guernsey, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82214 | $13,807 | $47,939 | $131,524 | $198,820 | $310,948 |
Source: Ownwell
Property Tax Bills Across Guernsey, Wyoming
In Guernsey, located in Platte County, WY, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, the median home price in Guernsey is $131,524. Homeowners in Guernsey typically see a range in their property tax bills. The 25th percentile tax bill is around $299, while the 75th percentile tax bill reaches $1,320. At the 90th percentile, homeowners may pay as much as $2,024 annually. These figures are relatively moderate when compared to the national median property tax rate of 0.99%. Understanding how property tax bills are determined helps homeowners budget more effectively and anticipate changes. Accurate assessments ensure that property taxes are fair and reflect the true value of the property, impacting both individual finances and community funding.
Average Guernsey Tax Bill
$850
Average Platte County Tax Bill
$1,176
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Guernsey, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82214 | $97 | $299 | $850 | $1,320 | $2,024 |
Source: Ownwell