Burns, Wyoming Property Taxes
The median property tax rate in Burns, WY is 0.57%, which is significantly lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With a median home value of $243,980 in Burns, the typical annual property tax bill amounts to $1,357, substantially less than the national median of $2,690. Property taxes in Burns 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 Burns' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Burns 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
Burns, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$1,391
Ownwell’s BURNS Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in BURNS with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in BURNS to project 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 Burns, Wyoming
Property taxes in Burns, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burns is 0.57%, significantly lower than the U.S. national median of 0.99%. Local government entities within Burns set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burns 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 Burns' effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82053 zip code has the highest median property tax rate of 0.57%, while the 82009 zip code has the lowest median tax rate of 0.57%. Understanding how these cities compare with Burns provides valuable insights into the varying tax landscape across Laramie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burns Tax Rate
0.57%
Average Laramie County Tax Rate
0.60%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burns, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82009 | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% |
| 82053 | 0.50% | 0.55% | 0.57% | 0.60% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Burns, Wyoming
In Burns, 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 Laramie 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 Burns, 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 Burns helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Burns are both $1,357, found in zip code 82053.
Average Burns Assessed Value
$243,980
Average Laramie County Assessed Value
$308,008
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burns, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82009 | $13,103 | $13,103 | $13,103 | $13,103 | $13,103 |
| 82053 | $13,777 | $64,103 | $243,980 | $331,680 | $424,694 |
Source: Ownwell
Property Tax Bills Across Burns, Wyoming
In Burns, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the Laramie County Assessor's Office. The assessed value is a percentage of the market value of the property. Homeowners in Burns typically see a range of property tax bills depending on the value of their homes. For instance, the 25th percentile tax bill is around $320, while the 75th percentile tax bill can go up to $1,876. The 90th percentile tax bill reaches approximately $2,351. Factors influencing these tax bills include the property's location, size, and any improvements made. Compared to the national median property tax rate of 0.99%, Burns offers a relatively favorable tax environment. This can significantly impact homeowners by making housing more affordable and potentially increasing the attractiveness of the area for new residents. The highest and lowest median tax bills in the region are both recorded at $1,357, indicating a level of consistency in property tax assessments within the zip code 82053.
Average Burns Tax Bill
$1,357
Average Laramie County Tax Bill
$1,816
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Burns, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82009 | $74 | $74 | $74 | $74 | $74 |
| 82053 | $83 | $322 | $1,357 | $1,876 | $2,345 |
Source: Ownwell