Shirley Basin, Wyoming Property Taxes
The median property tax rate in Shirley Basin, WY is 0.48%, considerably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Shirley Basin, the typical annual property tax bill reaches $1,761, well below the national median of $2,690. Property taxes in Shirley Basin 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 Shirley Basin'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 Shirley Basin 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
Shirley Basin, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$1,768
Ownwell’s Shirley Basin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shirley Basin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shirley Basin 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 Shirley Basin, Wyoming
Property taxes in Shirley Basin, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shirley Basin is 0.48%, significantly lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Shirley Basin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shirley Basin 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 Shirley Basin's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82615 zip code has the highest median property tax rate of 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Shirley Basin 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 Shirley Basin Tax Rate
0.48%
Average Carbon County Tax Rate
0.58%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shirley Basin, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82615 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Shirley Basin, Wyoming
In Shirley Basin, 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 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 Shirley Basin, 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 Shirley Basin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Shirley Basin are both $1,761, found in the 82615 zip code.
Average Shirley Basin Assessed Value
$368,289
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 Shirley Basin, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82615 | $368,289 | $368,289 | $368,289 | $368,289 | $368,289 |
Source: Ownwell
Property Tax Bills Across Shirley Basin, Wyoming
In Shirley Basin, Carbon County, WY, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Shirley Basin is $368,289, and local tax rates are applied to this assessed value to determine the annual tax bill. The property tax rate in this region is consistent with the national median, at 0.99%. Factors such as property improvements, land value, and market conditions can influence the assessed value. In Shirley Basin, the tax bill remains relatively uniform across different percentiles, with the 25th, 75th, and 90th percentiles all having a tax bill of $1,761. This consistency provides homeowners with a predictable annual expense, which can aid in financial planning. Understanding how property tax bills are calculated helps homeowners anticipate their financial responsibilities and manage their budgets effectively. By keeping track of local property assessments and tax rates, residents of Shirley Basin can better navigate their property tax obligations.
Average Shirley Basin Tax Bill
$1,761
Average Carbon County Tax Bill
$819
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Shirley Basin, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82615 | $1,761 | $1,761 | $1,761 | $1,761 | $1,761 |
Source: Ownwell