Rolling Hills, Wyoming Property Taxes
The median property tax rate in Rolling Hills, WY is 0.64%, slightly lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Rolling Hills at $275,576, the typical annual property tax bill reaches $1,756, which is below the national median of $2,690. Property taxes in Rolling Hills 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 Rolling Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Rolling Hills or another part of Converse County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rolling Hills, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,764
Ownwell’s Rolling Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rolling Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rolling Hills 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 Rolling Hills, Wyoming
Property taxes in Rolling Hills, Wyoming, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rolling Hills is 0.57%, lower than both the Wyoming state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Rolling Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rolling Hills 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 Rolling Hills' effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82637 zip code has the highest median property tax rate of 0.64%, while the same 82637 zip code also has the lowest median tax rate of 0.64%. Understanding how these cities compare with Rolling Hills provides valuable insights into the varying tax landscape across Converse County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rolling Hills Tax Rate
0.64%
Average Converse County Tax Rate
0.55%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rolling Hills, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82637 | 0.63% | 0.64% | 0.64% | 0.64% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Rolling Hills, Wyoming
In Rolling Hills, 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 Converse 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. In Rolling Hills, 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 Rolling Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 82637 in Converse County has the highest median tax bill, amounting to $1,756.
Average Rolling Hills Assessed Value
$275,576
Average Converse County Assessed Value
$211,678
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rolling Hills, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82637 | $250,190 | $260,419 | $275,576 | $302,552 | $334,530 |
Source: Ownwell
Property Tax Bills Across Rolling Hills, Wyoming
In Rolling Hills, WY, property tax bills are calculated based on the assessed value of a property, which is determined by the Converse County Assessor's Office. The assessed value is a percentage of the market value of the home, which is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $275,576, homeowners in Rolling Hills can expect a median property tax bill of around $1,756, which is slightly above the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood trends, and market conditions can influence the assessed value. The tax bill can vary within the city, with the 25th percentile tax bill at $1,653 and the 75th percentile at $1,921. The highest tax bills can go up to $2,144, based on the 90th percentile. These property taxes fund essential community services like schools, public safety, and infrastructure, directly impacting homeowners by supporting the quality of life in Rolling Hills.
Average Rolling Hills Tax Bill
$1,756
Average Converse County Tax Bill
$1,193
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Rolling Hills, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82637 | $1,587 | $1,653 | $1,756 | $1,921 | $2,144 |
Source: Ownwell