Big Piney, Wyoming Property Taxes
The median property tax rate in Big Piney, WY is 0.65%, aligning with the state median but notably lower than the national median of 0.99%. With the median home value in Big Piney at $134,722, the typical annual property tax bill amounts to $855, significantly below the national median of $2,690. Property taxes in Big Piney are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Navigating Big Piney's property tax system, exploring exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in the heart of Big Piney or another area within Sublette County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Big Piney, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$876
Ownwell’s BIG PINEY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BIG PINEY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BIG PINEY 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 Big Piney, Wyoming
Property taxes in Big Piney, Wyoming, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Big Piney is 0.65%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Big Piney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Big Piney 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 Big Piney's effective property tax rate to other areas in Wyoming and the national median. For comparison, the zip code 83113 has the highest median property tax rate of 0.65%, while the lowest median tax rate is also 0.65%. Understanding how these areas compare with Big Piney provides valuable insights into the varying tax landscape across Sublette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Big Piney Tax Rate
0.65%
Average Sublette County Tax Rate
0.59%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Big Piney, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83113 | 0.57% | 0.58% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Big Piney, Wyoming
In Big Piney, 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 Sublette 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 Big Piney, 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 Big Piney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Big Piney is $134,722, with tax bills ranging from $309 at the 25th percentile to $2,681 at the 90th percentile. The median tax bill in the 83113 zip code is $855.
Average Big Piney Assessed Value
$134,722
Average Sublette County Assessed Value
$283,103
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Big Piney, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83113 | $8,934 | $47,956 | $134,722 | $276,491 | $444,586 |
Source: Ownwell
Property Tax Bills Across Big Piney, Wyoming
In Big Piney, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the Sublette County Assessor's office. The assessed value is a percentage of the property's market value. For homeowners in Big Piney, the median home price is $134,722. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For example, the 25th percentile tax bill is $309, while the 75th percentile tax bill is $1,720. The highest median tax bill recorded in the area is $855. These variations highlight how different factors can lead to significant differences in tax amounts. Understanding these factors is crucial for homeowners, as property taxes directly impact annual expenses. Comparing these figures to the national median property tax rate of 0.99% provides context for evaluating tax burdens and planning finances accordingly.
Average Big Piney Tax Bill
$855
Average Sublette County Tax Bill
$1,756
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Big Piney, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83113 | $54 | $309 | $855 | $1,720 | $2,681 |
Source: Ownwell