Moneta, Wyoming Property Taxes
The median property tax rate in Moneta, Wyoming is 0.70%, slightly higher than the state median of 0.65% but still below the national median of 0.99%. With the median home value in Moneta at $40,657, the typical annual property tax bill is $284, significantly lower than the national median of $2,690. Property taxes in Moneta are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Moneta'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 Moneta or another part of Fremont County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moneta, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$285
Ownwell’s Moneta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moneta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moneta 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 Moneta, Wyoming
Property taxes in Moneta, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moneta is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Moneta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moneta 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 Moneta's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82638 zip code has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Moneta provides valuable insights into the varying tax landscape across Fremont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moneta Tax Rate
0.70%
Average Fremont County Tax Rate
0.72%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moneta, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82638 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Moneta, Wyoming
In Moneta, 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 Fremont 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 Moneta, 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 Moneta 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 82638, amounting to $855, while the lowest median tax bill is also in the same zip code, showing the consistency in tax assessments within the area.
Average Moneta Assessed Value
$40,657
Average Fremont County Assessed Value
$184,535
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moneta, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82638 | $122,645 | $122,645 | $122,645 | $122,645 | $122,645 |
Source: Ownwell
Property Tax Bills Across Moneta, Wyoming
In Moneta, Wyoming, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this percentage can vary depending on local regulations. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition. In Moneta, the median home price is $40,657, and property tax bills can range significantly. For instance, the tax bill at the 25th percentile is $191, while it rises to $569 at the 75th percentile and $741 at the 90th percentile. These variations reflect differences in property values and assessment levels within the area. For homeowners, these property taxes fund essential services such as education, public safety, and infrastructure. Understanding how these taxes are calculated can help homeowners anticipate their financial obligations and plan accordingly.
Average Moneta Tax Bill
$284
Average Fremont County Tax Bill
$1,362
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Moneta, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82638 | $855 | $855 | $855 | $855 | $855 |
Source: Ownwell