Rawlins, Wyoming Property Taxes
The median property tax rate in Rawlins, Wyoming is 0.61%, considerably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Rawlins, the typical annual property tax bill reaches $973, well below the national median of $2,690. Property taxes in Rawlins 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 Rawlins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Rawlins 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
Rawlins, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$968
Ownwell’s Rawlins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rawlins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rawlins 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 Rawlins, Wyoming
Property taxes in Rawlins, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rawlins is 0.61%, which is lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Rawlins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rawlins 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 Rawlins's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82301 zip code has both the highest and lowest median property tax rate of 0.61%. Understanding how these cities compare with Rawlins 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 Rawlins Tax Rate
0.61%
Average Carbon County Tax Rate
0.58%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rawlins, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82301 | 0.57% | 0.59% | 0.61% | 0.62% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Rawlins, Wyoming
In Rawlins, 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 Carbon County Assessor's Office 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 Rawlins, 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. For instance, Rawlins has a median home price of $158,676, with tax bills ranging from $506 at the 25th percentile to $1,447 at the 75th percentile. The highest and lowest median tax bills are both $973, found in the 82301 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rawlins Assessed Value
$158,676
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 Rawlins, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82301 | $17,742 | $74,666 | $158,676 | $240,055 | $317,113 |
Source: Ownwell
Property Tax Bills Across Rawlins, Wyoming
In Rawlins, Carbon County, WY, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in this area is $158,676. Property taxes here are relatively low compared to the national median property tax rate of 0.99%. For instance, the 25th percentile tax bill is $506, while the 75th percentile tax bill reaches $1,447. At the higher end, the 90th percentile tax bill is $1,905. Homeowners in Rawlins benefit from this lower tax rate, which can make homeownership more affordable and appealing. Factors considered in the tax bill calculation include the assessed property value and the specific tax rate set by local authorities. For residents in the 82301 zip code, the median tax bill is $973. Understanding these factors can help homeowners budget more effectively and anticipate their annual property tax obligations.
Average Rawlins Tax Bill
$973
Average Carbon County Tax Bill
$819
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Rawlins, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82301 | $112 | $506 | $973 | $1,447 | $1,905 |
Source: Ownwell