Kirby, Wyoming Property Taxes
The median property tax rate in Kirby, WY is 0.69%, slightly higher than the state median of 0.65% but lower than the national median of 0.99%. With a median home value of $47,709 in Kirby, the typical annual property tax bill is $346, which is significantly below the national median of $2,690. Property taxes in Kirby are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kirby'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 Kirby 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
Kirby, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$329
Ownwell’s Kirby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kirby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kirby 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 Kirby, Wyoming
Property taxes in Kirby, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kirby is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Kirby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kirby 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 Kirby's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82430 zip code has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Kirby provides valuable insights into the varying tax landscape across Hot Springs County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kirby Tax Rate
0.69%
Average Hot Springs County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kirby, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82430 | 0.54% | 0.60% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Kirby, Wyoming
In Kirby, 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 Hot Springs 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 Kirby, 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. With a median home price of $47,709, property tax bills can vary significantly. For example, the 25th percentile tax bill is $136, while the 75th percentile tax bill is $774. The 90th percentile tax bill can reach up to $1,320. The zip code 82430 has the highest median tax bill at $346, while also having the lowest median tax bill at $346. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Kirby Assessed Value
$47,709
Average Hot Springs County Assessed Value
$159,319
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kirby, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82430 | $12,053 | $19,642 | $47,709 | $129,057 | $192,197 |
Source: Ownwell
Property Tax Bills Across Kirby, Wyoming
In Kirby, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the home's market value. For homeowners in Kirby, the median home price is $47,709. Property tax bills can vary significantly, with the 25th percentile at $136 and the 75th percentile at $774. At the higher end, the 90th percentile reaches $1,320. The property tax rate in Kirby is influenced by local government budgets and the needs of public services such as schools, infrastructure, and emergency services. Homeowners in Kirby might find their tax bills relatively moderate compared to the national median property tax rate of 0.99%. However, the impact on homeowners can vary based on their property's assessed value and the specific tax rate applied. Understanding these factors can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average Kirby Tax Bill
$346
Average Hot Springs County Tax Bill
$1,094
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Kirby, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82430 | $73 | $136 | $346 | $774 | $1,320 |
Source: Ownwell