Frontier, Wyoming Property Taxes
The median property tax rate in Frontier, WY is 0.61%, which is notably lower than both the national median of 0.99% and Wyoming's state median of 0.65%. With the median home value in Frontier being $7,367, the typical annual property tax bill is around $45, significantly less than the national median of $2,690. Property taxes in Frontier are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Frontier'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 Frontier or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Frontier, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$45
Ownwell’s Frontier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Frontier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Frontier 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 Frontier, Wyoming
Property taxes in Frontier, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Frontier is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Frontier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frontier 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 Frontier's effective property tax rate to other areas in Wyoming and the national median. For comparison, the zip code 83121 has both the highest and lowest median property tax rate in the region at 0.61%. Understanding how these areas compare with Frontier 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 Frontier Tax Rate
0.61%
Average Lincoln County Tax Rate
0.60%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Frontier, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83121 | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Frontier, Wyoming
In Frontier, 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 Frontier, 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. The median home price in Frontier is $7,367, with tax bills ranging from the 25th percentile at $45 to the 90th percentile also at $45. 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 Frontier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Frontier Assessed Value
$7,367
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 Frontier, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83121 | $7,367 | $7,367 | $7,367 | $7,367 | $7,367 |
Source: Ownwell
Property Tax Bills Across Frontier, Wyoming
In Frontier, Lincoln County, Wyoming, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Wyoming's property tax rate is relatively low compared to the national median property tax rate of 0.99%, making it an attractive location for homeowners. Several factors influence the assessed value, including property size, location, and market conditions. In Frontier, the median home price is $7,367, and the property tax bills for the 25th, 75th, and 90th percentiles are all $45, indicating a uniform tax rate across different property values. For homeowners, this means predictable and manageable property tax expenses. Low property taxes can contribute to overall affordability, allowing residents to allocate their financial resources to other needs or investments. The consistency in tax bills also provides financial stability, making Frontier an appealing place to own property.
Average Frontier Tax Bill
$45
Average Lincoln County Tax Bill
$2,068
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Frontier, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83121 | $45 | $45 | $45 | $45 | $45 |
Source: Ownwell