Labarge, Wyoming Property Taxes
The median property tax rate in La Barge, Wyoming is 0.67%, slightly higher than the state median of 0.65% but lower than the national median of 0.99%. With the median home value in La Barge at $29,051, the typical annual property tax bill is $379, significantly below the national median of $2,690. Property taxes in La Barge are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding La Barge'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 La Barge or another part of the city, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Labarge, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$195
Ownwell’s LaBarge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LaBarge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LaBarge 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 Labarge, Wyoming
Property taxes in La Barge, Wyoming, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Barge is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within La Barge set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Barge 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 La Barge's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 83123 zip code has both the highest and lowest median property tax rate of 0.67%, illustrating a uniform tax rate within the region. Understanding how these areas compare with La Barge 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 Labarge Tax Rate
0.67%
Average Lincoln County Tax Rate
0.60%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Labarge, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83123 | 0.60% | 0.60% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Labarge, Wyoming
In LaBarge, 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 Assessor 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 LaBarge, 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 LaBarge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in LaBarge are both $379, found in the zip code 83123.
Average Labarge Assessed Value
$29,051
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 Labarge, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83123 | $6,854 | $11,390 | $29,051 | $73,534 | $260,930 |
Source: Ownwell
Property Tax Bills Across Labarge, Wyoming
In LaBarge, located in Lincoln County, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate, known as the mill levy, is applied to calculate the annual property tax bill. Homeowners in LaBarge experience a range of property tax bills. For example, the tax bill for the 25th percentile is $144, while the 75th percentile sees bills around $1,295. At the higher end, the 90th percentile faces tax bills up to $2,326. The median home price in LaBarge is $29,051, which can help homeowners estimate their potential tax liabilities. Compared to the national median property tax rate of 0.99%, LaBarge’s property tax rates can significantly impact homeowners, especially those with homes at or below the median price. Understanding these factors can help homeowners budget effectively and anticipate their annual property tax responsibilities.
Average Labarge Tax Bill
$379
Average Lincoln County Tax Bill
$2,068
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Labarge, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83123 | $76 | $144 | $379 | $1,295 | $2,326 |
Source: Ownwell