Wheatland, Wyoming Property Taxes
The median property tax rate in Wheatland, Wyoming is 0.67%, slightly higher than the state median of 0.65% but lower than the national median of 0.99%. With the median home value in Wheatland at $205,889, the typical annual property tax bill amounts to $1,376, which is well below the national median of $2,690. Property taxes in Wheatland are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Wheatland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you reside in the heart of Wheatland or another part of Platte County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wheatland, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,379
Ownwell’s Wheatland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wheatland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wheatland 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 Wheatland, Wyoming
Property taxes in Wheatland, Wyoming, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Wheatland is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Wheatland set these rates annually, and they can vary across different neighborhoods. Each year, Wheatland 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. For comparison, the 82201 zip code has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these figures compare with Wheatland 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 Wheatland Tax Rate
0.67%
Average Platte County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wheatland, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82201 | 0.64% | 0.65% | 0.67% | 0.69% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Wheatland, Wyoming
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wheatland, Wyoming. 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 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 Wheatland, 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 Wheatland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Wheatland are both $1,376 in the 82201 zip code.
Average Wheatland Assessed Value
$205,889
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 Wheatland, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82201 | $13,289 | $64,221 | $205,889 | $314,906 | $466,641 |
Source: Ownwell
Property Tax Bills Across Wheatland, Wyoming
Property tax bills in Wheatland, Platte County, WY, are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Wheatland can expect their property tax bill to be influenced by the local tax rate and the assessed value of their home. The median home price in Wheatland is $205,889. For the 25th percentile, the tax bill is around $428, while the 75th percentile sees a tax bill of approximately $2,079. Those in the 90th percentile may face a tax bill as high as $3,067. These property taxes fund essential local services such as schools, emergency services, and infrastructure maintenance, which directly impact the quality of life in Wheatland. Compared to the national median property tax rate of 0.99%, Wheatland's tax bills reflect a range that can vary significantly based on property values and local tax policies. Homeowners should be aware of these factors as they can substantially affect their annual expenses.
Average Wheatland Tax Bill
$1,376
Average Platte County Tax Bill
$1,176
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Wheatland, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82201 | $95 | $428 | $1,376 | $2,079 | $3,067 |
Source: Ownwell