Granger, Wyoming Property Taxes
The median property tax rate in Granger, WY is 0.62%, which is notably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Granger at $12,650, the typical annual property tax bill amounts to $75, significantly below the national median of $2,690. Property taxes in Granger are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Granger'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 Granger 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
Granger, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$78
Ownwell’s Granger Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Granger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Granger 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 Sweetwater County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Granger, Wyoming
Property taxes in Granger, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Granger is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Granger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Granger 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 Granger's effective property tax rate to other areas in Wyoming and the national median. For comparison, the zip code 82934 has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these areas compare with Granger provides valuable insights into the varying tax landscape across Sweetwater County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Granger Tax Rate
0.62%
Average Sweetwater County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Granger, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82934 | 0.54% | 0.58% | 0.62% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Granger, Wyoming
In Granger, 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 Sweetwater 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 Granger, 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 instance, in Granger, the median home price is $12,650. Property tax bills vary significantly, with the 25th percentile tax bill being $44 and the 75th percentile tax bill reaching $356. 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 Granger helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Granger Assessed Value
$12,650
Average Sweetwater County Assessed Value
$192,526
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Granger, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82934 | $5,062 | $7,776 | $12,650 | $56,975 | $112,729 |
Source: Ownwell
Property Tax Bills Across Granger, Wyoming
In Granger, Sweetwater County, WY, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the market value of the home, which is determined by the county assessor. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Granger, the median home price is $12,650. Property tax bills can vary significantly, with the 25th percentile of tax bills around $44 and the 75th percentile reaching $356. The top 10% of tax bills can be as high as $787. These variations depend on factors such as property location, size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Granger offers relatively low property taxes, which can be a financial relief for homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Granger Tax Bill
$75
Average Sweetwater County Tax Bill
$1,311
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Granger, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82934 | $35 | $44 | $75 | $356 | $787 |
Source: Ownwell