Bondurant, Wyoming Property Taxes
The median property tax rate in Bondurant, Wyoming is 0.62%, 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 Bondurant at $548,816, the typical annual property tax bill reaches $3,469, significantly surpassing the national median of $2,690. Property taxes in Bondurant 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 Bondurant'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 Bondurant 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
Bondurant, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$3,403
Ownwell’s Bondurant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bondurant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bondurant 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 Bondurant, Wyoming
Property taxes in Bondurant, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bondurant is 0.51%, significantly lower than both the Wyoming state median of 0.57% and the U.S. national median of 0.99%. Local government entities within Bondurant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bondurant 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 Bondurant's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82922 zip code has the highest median property tax rate of 0.62%, while the lowest median tax rate is also found in the 82922 zip code at 0.62%. Understanding how these cities compare with Bondurant 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 Bondurant Tax Rate
0.62%
Average Sublette County Tax Rate
0.59%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bondurant, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82922 | 0.58% | 0.58% | 0.62% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Bondurant, Wyoming
In Bondurant, 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 Bondurant, 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 Bondurant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bondurant are both $3,469, found in zip code 82922.
Average Bondurant Assessed Value
$548,816
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 Bondurant, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82922 | $217,966 | $358,497 | $548,816 | $780,022 | $1,220,716 |
Source: Ownwell
Property Tax Bills Across Bondurant, Wyoming
In Bondurant, located in Sublette County, WY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of the property. Homeowners in Bondurant experience property tax bills that vary significantly, with the 25th percentile tax bill at $2,161 and the 75th percentile at $4,938. The 90th percentile tax bill reaches $7,309, reflecting the variation in property values and tax rates within the area. For comparison, the national median property tax rate is 0.99%. Homeowners in Bondurant with a median home price of $548,816 can expect their property tax bill to be influenced by these assessments and local rates. The highest and lowest median tax bills in the region both stand at $3,469, indicating some consistency in tax obligations across different properties. Understanding these factors helps homeowners anticipate their annual property tax expenses and plan their finances accordingly.
Average Bondurant Tax Bill
$3,469
Average Sublette County Tax Bill
$1,756
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Bondurant, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82922 | $1,264 | $2,161 | $3,469 | $4,938 | $7,309 |
Source: Ownwell