Wamsutter, Wyoming Property Taxes
The median property tax rate in Wamsutter, WY is 0.63%, which is lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Wamsutter at $12,824, the typical annual property tax bill is approximately $81, significantly under the national median of $2,690. Property taxes in Wamsutter are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Wamsutter'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 Wamsutter or another part of Sweetwater County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wamsutter, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$81
Ownwell’s Wamsutter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wamsutter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wamsutter 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 Wamsutter, Wyoming
Property taxes in Wamsutter, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wamsutter is 0.63%, which is lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Wamsutter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wamsutter 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 Wamsutter's effective property tax rate to other areas in Wyoming and the national median. For comparison, the 82336 zip code has both the highest and lowest median property tax rate of 0.63%. Understanding how these areas compare with Wamsutter 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 Wamsutter Tax Rate
0.63%
Average Sweetwater County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wamsutter, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82336 | 0.58% | 0.59% | 0.63% | 0.66% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Wamsutter, Wyoming
In Wamsutter, 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 Wamsutter, 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 Wamsutter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Wamsutter is $12,824, with tax bills ranging from $48 at the 25th percentile to $736 at the 90th percentile.
Average Wamsutter Assessed Value
$12,824
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 Wamsutter, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82336 | $6,981 | $7,942 | $12,824 | $38,343 | $108,866 |
Source: Ownwell
Property Tax Bills Across Wamsutter, Wyoming
In Wamsutter, located in Sweetwater County, WY, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the home's market value, which is determined by the county assessor. For homeowners in Wamsutter, the median home price is $12,824. Once the assessed value is established, the local property tax rate is applied to determine the annual tax bill. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. In Sweetwater County, the property tax bills can vary significantly. For instance, those in the 25th percentile might pay around $48 annually, while those in the 75th percentile could see bills closer to $245. At the higher end, the 90th percentile tax bill reaches up to $736. These taxes are crucial for funding local services such as schools, emergency services, and infrastructure. Understanding how property tax bills are calculated helps homeowners plan their finances and anticipate annual expenses.
Average Wamsutter Tax Bill
$81
Average Sweetwater County Tax Bill
$1,311
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Wamsutter, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82336 | $42 | $48 | $81 | $245 | $736 |
Source: Ownwell