Saratoga, Wyoming Property Taxes
The median property tax rate in Saratoga, Wyoming is 0.53%, significantly lower than both the national median of 0.99% and Wyoming's state median of 0.65%. With the median home value in Saratoga, the typical annual property tax bill reaches $1,250, well below the national median of $2,690. Property taxes in Saratoga 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 Saratoga'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 Saratoga 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
Saratoga, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$1,272
Ownwell’s Saratoga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saratoga with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saratoga 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 Saratoga, Wyoming
Property taxes in Saratoga, Wyoming, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Saratoga is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Saratoga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saratoga 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 Saratoga's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82331 has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Saratoga 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 Saratoga Tax Rate
0.53%
Average Carbon County Tax Rate
0.58%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saratoga, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82331 | 0.42% | 0.48% | 0.53% | 0.56% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Saratoga, Wyoming
In Saratoga, 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 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. 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. The median home price in Saratoga is $239,953, with tax bills ranging from $510 at the 25th percentile to $2,789 at the 90th percentile. Notably, the zip code 82331 has the highest and lowest median tax bill of $1,250. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saratoga Assessed Value
$239,953
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 Saratoga, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82331 | $21,227 | $105,183 | $239,953 | $344,906 | $507,852 |
Source: Ownwell
Property Tax Bills Across Saratoga, Wyoming
In Saratoga, Carbon County, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. For a median home price of $239,953, homeowners can expect their tax bills to vary significantly. Factors such as property size, location, and any improvements made to the property are considered in the assessment. Homeowners in Saratoga experience a range of property tax bills. At the 25th percentile, tax bills are around $510, while at the 75th percentile, they reach approximately $1,846. The 90th percentile sees tax bills as high as $2,789. It's important to note that the highest and lowest median tax bills in the area are both recorded at $1,250 in the zip code 82331. These tax bills can impact homeowners' budgets, making it essential to understand how property taxes are calculated and what to expect annually.
Average Saratoga Tax Bill
$1,250
Average Carbon County Tax Bill
$819
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Saratoga, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82331 | $112 | $510 | $1,250 | $1,846 | $2,789 |
Source: Ownwell