Clearmont, Wyoming Property Taxes
The median property tax rate in Clearmont, WY is 0.63%, which is lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Clearmont at $244,576, the typical annual property tax bill is $1,556, significantly below the national median of $2,690. Property taxes in Clearmont 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 Clearmont'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 Clearmont 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
Clearmont, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,541
Ownwell’s Clearmont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clearmont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clearmont 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 Clearmont, Wyoming
Property taxes in Clearmont, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clearmont is 0.63%, which is lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Clearmont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clearmont 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 Clearmont's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82835 zip code has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Clearmont provides valuable insights into the varying tax landscape across Sheridan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clearmont Tax Rate
0.63%
Average Sheridan County Tax Rate
0.64%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clearmont, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82835 | 0.55% | 0.57% | 0.63% | 0.65% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Clearmont, Wyoming
In Clearmont, 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 Sheridan 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 Clearmont, 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 Clearmont 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 $1,556 in the zip code 82835, reflecting a relatively consistent tax environment.
Average Clearmont Assessed Value
$244,576
Average Sheridan County Assessed Value
$337,055
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clearmont, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82835 | $10,646 | $87,506 | $244,576 | $551,235 | $879,271 |
Source: Ownwell
Property Tax Bills Across Clearmont, Wyoming
Property tax bills in Clearmont, located in Sheridan County, WY, are calculated based on the assessed value of a property. This assessed value is a percentage of the property's market value, determined by local tax assessors. In Clearmont, the median home price stands at $244,576. To determine the tax bill, this assessed value is multiplied by the local tax rate. Various factors, including property size, location, and any improvements, influence the assessed value. Homeowners in Clearmont typically see tax bills ranging from $556 at the 25th percentile to $3,438 at the 75th percentile, with the 90th percentile reaching up to $5,503. These figures illustrate the variability in tax bills, influenced by property values and individual assessments. Compared to the national median property tax rate of 0.99%, Clearmont's rates reflect a localized approach to property taxation. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Clearmont Tax Bill
$1,556
Average Sheridan County Tax Bill
$2,226
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Clearmont, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82835 | $52 | $556 | $1,556 | $3,438 | $5,503 |
Source: Ownwell