Shawnee, Wyoming Property Taxes
The median property tax rate in Shawnee, WY is 0.48%, significantly lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Shawnee at $291,826, the typical annual property tax bill amounts to $1,398, well below the national median of $2,690. Property taxes in Shawnee 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 Shawnee'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 Shawnee 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
Shawnee, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$1,401
Ownwell’s Shawnee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shawnee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shawnee 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 Shawnee, Wyoming
Property taxes in Shawnee, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shawnee is 0.48%, significantly lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Shawnee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shawnee 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 Shawnee's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82229 has both the highest and lowest median property tax rate of 0.48%, aligning perfectly with Shawnee's rate. Understanding how these cities compare with Shawnee 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 Shawnee Tax Rate
0.48%
Average Converse County Tax Rate
0.55%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shawnee, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82229 | 0.45% | 0.47% | 0.48% | 0.49% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Shawnee, Wyoming
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Shawnee, 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 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. 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 Shawnee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 82229, with a median bill of $1,398, while the lowest median tax bill is also found in zip code 82229, reflecting a uniform tax landscape in the area.
Average Shawnee Assessed Value
$291,826
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 Shawnee, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82229 | $5,556 | $46,712 | $291,826 | $451,182 | $824,210 |
Source: Ownwell
Property Tax Bills Across Shawnee, Wyoming
In Shawnee, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Shawnee is $291,826, which serves as a baseline for calculating property taxes. Property assessments consider various factors, including the property's market value, location, and any improvements made. Homeowners in Shawnee can expect their tax bills to vary significantly, with the 25th percentile tax bill being $239 and the 75th percentile reaching $2,168. For those in the 90th percentile, tax bills can go up to $4,012. These variations can significantly impact homeowners, particularly when compared to the national median property tax rate of 0.99%. In Converse County, where Shawnee is located, the highest and lowest median tax bills are both $1,398, indicating a relatively stable tax environment within the area. Understanding these factors can help homeowners better anticipate their financial obligations and plan accordingly.
Average Shawnee Tax Bill
$1,398
Average Converse County Tax Bill
$1,193
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Shawnee, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82229 | $27 | $239 | $1,398 | $2,168 | $4,012 |
Source: Ownwell