Casper, Wyoming Property Taxes
The median property tax rate in Casper, WY is 0.47%, significantly lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Casper at $88,040, the typical annual property tax bill is $483, well below the national median of $2,690. Property taxes in Casper 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 Casper'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 Casper 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
Casper, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$414
Ownwell’s Casper Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Casper with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Casper 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 Casper, Wyoming
Property taxes in Casper, Wyoming, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Casper is 0.47%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Casper set these rates annually, and they can vary across different neighborhoods. Each year, Casper 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 Casper's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82604 zip code has the highest median property tax rate of 0.47%, while the same zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with Casper provides valuable insights into the varying tax landscape across Carbon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Casper Tax Rate
0.47%
Average Carbon County Tax Rate
0.58%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Casper, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82604 | 0.47% | 0.47% | 0.47% | 0.49% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Casper, Wyoming
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Casper, 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 local 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 Casper, 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, the highest median tax bill in Casper is $483 in the 82604 zip code, while the lowest is also $483 in the same zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Casper Assessed Value
$88,040
Average Carbon County Assessed Value
$141,657
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Casper, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82604 | $9,145 | $9,145 | $88,040 | $213,432 | $297,125 |
Source: Ownwell
Property Tax Bills Across Casper, Wyoming
In Casper, located in Carbon County, WY, property tax bills are calculated based on the assessed value of the property. The assessment process involves determining the market value of the home, which is then multiplied by the assessment ratio set by the state. This assessed value is further multiplied by the local tax rate to calculate the final tax bill. For instance, with a median home price of $88,040, homeowners can expect varying tax bills depending on their property's assessed value and location within the city. Factors influencing the tax bill include the property's market value, local assessment ratio, and the specific tax rate applied by local authorities. For example, tax bills in Casper range significantly, with the 25th percentile at $43 and the 90th percentile reaching up to $1,442. The highest median tax bill in the region is $483, found in the 82604 zip code. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure maintenance, ensuring the community's overall well-being.
Average Casper Tax Bill
$483
Average Carbon County Tax Bill
$819
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Casper, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82604 | $43 | $43 | $483 | $1,108 | $1,442 |
Source: Ownwell