Auburn, Wyoming Property Taxes
The median property tax rate in Auburn, Wyoming is 0.60%, notably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With a median home value of $306,731 in Auburn, the typical annual property tax bill amounts to $1,997, which is below the national median of $2,690. Property taxes in Auburn 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 Auburn'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 Auburn 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
Auburn, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,840
Ownwell’s Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 Auburn, Wyoming
Property taxes in Auburn, Wyoming, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other areas in Wyoming and the national median. For comparison, the zip code 83111 has both the highest and lowest median property tax rate of 0.60%. Understanding how these areas compare with Auburn provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Tax Rate
0.60%
Average Lincoln County Tax Rate
0.60%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83111 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, Wyoming
In Auburn, 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 Lincoln 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 Auburn, 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 Auburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,997, found in zip code 83111.
Average Auburn Assessed Value
$306,731
Average Lincoln County Assessed Value
$316,204
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83111 | $49,136 | $141,111 | $306,731 | $569,966 | $896,735 |
Source: Ownwell
Property Tax Bills Across Auburn, Wyoming
In Auburn, Lincoln County, WY, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Auburn is $306,731. Homeowners in this area can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $996, while those in the 75th percentile face a tax bill of $3,591. At the higher end, the 90th percentile tax bill reaches $5,528. These tax bills are influenced by several factors, including the home's assessed value, local tax rates, and any applicable exemptions. The assessed value is determined by the county assessor and reflects a portion of the home's market value. Property taxes in Auburn directly impact homeowners by contributing to essential public services such as schools, infrastructure, and emergency services. While the median tax rate in Auburn may be higher or lower than the national median of 0.99%, it plays a crucial role in maintaining the quality of life in the community.
Average Auburn Tax Bill
$1,997
Average Lincoln County Tax Bill
$2,068
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83111 | $391 | $996 | $1,997 | $3,591 | $5,528 |
Source: Ownwell