Belle Fourche, Wyoming Property Taxes
The median property tax rate in Belle Fourche, WY is 0.52%, significantly lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With a median home value of $186,853, the typical annual property tax bill in Belle Fourche amounts to $1,020, well below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Belle Fourche's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Belle Fourche or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belle Fourche, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$972
Ownwell’s BELLE FOURCHE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BELLE FOURCHE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BELLE FOURCHE 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 Belle Fourche, Wyoming
Property taxes in Belle Fourche, Wyoming, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Belle Fourche is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Belle Fourche set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belle Fourche 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 Belle Fourche's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 57717 zip code has both the highest and lowest median property tax rate of 0.53%. Understanding how these areas compare with Belle Fourche provides valuable insights into the varying tax landscape across Crook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belle Fourche Tax Rate
0.52%
Average Crook County Tax Rate
0.54%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belle Fourche, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57717 | 0.52% | 0.52% | 0.53% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Belle Fourche, Wyoming
In Belle Fourche, 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 local 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 Belle Fourche helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Belle Fourche is $186,853. The tax bill for the 25th percentile is $773, while the 75th percentile tax bill is $1,801. The highest and lowest median tax bill in the region is $3,705, both found in the 57717 zip code.
Property Tax Assessment Values Across Belle Fourche, Wyoming
Source: Ownwell
$58,966
$608,523
$1,158,079
Average Belle Fourche Assessed Value
$186,853
Average Crook County Assessed Value
$198,902
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belle Fourche, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57717 | $101,837 | $129,740 | $692,522 | $1,386,452 | $1,650,420 |
Source: Ownwell
Property Tax Bills Across Belle Fourche, Wyoming
Property tax bills in Belle Fourche, located in Crook County, WY, are determined based on the assessed value of a property. The assessed value is a percentage of the property's market value, which is influenced by factors such as location, property condition, and market trends. Homeowners in Belle Fourche face varying tax bills, with the 25th percentile paying around $773 and the 75th percentile paying approximately $1,801 annually. For those in the 90th percentile, tax bills can reach up to $6,647. These property tax bills impact homeowners by contributing to local services such as schools, infrastructure, and public safety. The median home price in Belle Fourche is $186,853, which, when compared to the national median property tax rate of 0.99%, shows that local property taxes can be a significant expense. Homeowners must budget accordingly to accommodate these taxes, which are essential for maintaining the community's quality of life and services.
Average Belle Fourche Tax Bill
$1,020
Average Crook County Tax Bill
$1,086
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Belle Fourche, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57717 | $547 | $686 | $3,705 | $7,340 | $8,588 |
Source: Ownwell