Decker, Wyoming Property Taxes
The median property tax rate in Decker, WY is 0.57%, considerably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Decker, the typical annual property tax bill reaches $4,476, exceeding the national median of $2,690. Property taxes in Decker are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Decker'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 Decker 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
Decker, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$4,476
Ownwell’s Decker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Decker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Decker 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 Decker, Wyoming
Property taxes in Decker, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Decker is 0.57%, significantly lower than the U.S. national median of 0.99%. Local government entities within Decker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Decker 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 Decker's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 59025 has both the highest and lowest median property tax rate of 0.57%, the same as Decker. Understanding how these cities compare with Decker provides valuable insights into the varying tax landscape across Sheridan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Decker Tax Rate
0.57%
Average Sheridan County Tax Rate
0.64%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Decker, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59025 | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Decker, Wyoming
In Decker, 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 Sheridan 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 Decker, 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 Decker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Decker are both $4476, found in the 59025 zip code.
Average Decker Assessed Value
$785,208
Average Sheridan County Assessed Value
$337,055
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Decker, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59025 | $785,208 | $785,208 | $785,208 | $785,208 | $785,208 |
Source: Ownwell
Property Tax Bills Across Decker, Wyoming
In Decker, Sheridan County, WY, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the property's market value, which is determined by local assessors. For homeowners in Decker, the median home price is $785,208, which significantly influences the tax bill. The property tax rate in Decker is applied to this assessed value to determine the final tax bill. Several factors are considered when determining the property tax bill, including the property's location, size, and condition. In Decker, the tax bill at the 25th, 75th, and 90th percentiles is consistently $4,476, reflecting a stable tax environment. This amount is higher than the national median property tax rate of 0.99%, indicating that homeowners in Decker may face higher property tax bills compared to the national average. This higher tax bill can affect homeowners by increasing their annual housing costs, which is an important consideration for potential buyers and current residents alike.
Average Decker Tax Bill
$4,476
Average Sheridan County Tax Bill
$2,226
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Decker, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59025 | $4,476 | $4,476 | $4,476 | $4,476 | $4,476 |
Source: Ownwell