Meeteetse, Wyoming Property Taxes
The median property tax rate in Meeteetse, WY is 0.68%, slightly above the state median of 0.65% but below the national median of 0.99%. With a median home value of $165,111 in Meeteetse, the typical annual property tax bill is around $1,181, significantly lower than the national median of $2,690. Property taxes in Meeteetse are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Meeteetse'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 Meeteetse or another part of Park County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Meeteetse, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,123
Ownwell’s Meeteetse Property Tax Bill Calculator assists any homeowner, real estate investor, or potential owner in estimating their annual property taxes in Meeteetse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meeteetse 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 Meeteetse, Wyoming
Property taxes in Meeteetse, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meeteetse is 0.68%, lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Meeteetse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meeteetse 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 Meeteetse's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82433 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Meeteetse provides valuable insights into the varying tax landscape across Park County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meeteetse Tax Rate
0.68%
Average Park County Tax Rate
0.67%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meeteetse, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82433 | 0.68% | 0.68% | 0.68% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Meeteetse, Wyoming
In Meeteetse, 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 Park 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 Meeteetse, 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 Meeteetse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median tax bill in the 82433 zip code is $1,181, reflecting the area's property values and tax policies.
Average Meeteetse Assessed Value
$165,111
Average Park County Assessed Value
$362,988
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meeteetse, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82433 | $20,846 | $76,236 | $165,111 | $377,599 | $807,259 |
Source: Ownwell
Property Tax Bills Across Meeteetse, Wyoming
In Meeteetse, WY, 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 property's market value, reflecting its worth in the current real estate market. Homeowners in Meeteetse pay an effective property tax rate of approximately 0.99%, aligning with the national median. Several factors influence the tax bill, including the home's location, size, and any improvements made to the property. For example, the median home price in Meeteetse is $165,111, leading to varying tax bills across different percentiles. Homeowners at the 25th percentile pay around $537 annually, while those at the 75th percentile face a tax bill of $2,563. At the 90th percentile, the tax bill can soar to $5,486. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting homeowners. Understanding how property taxes are calculated can help homeowners anticipate their financial obligations and plan accordingly.
Average Meeteetse Tax Bill
$1,181
Average Park County Tax Bill
$2,484
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Meeteetse, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82433 | $136 | $537 | $1,181 | $2,563 | $5,486 |
Source: Ownwell