Ten Sleep, Wyoming Property Taxes
The median property tax rate in Ten Sleep, WY is 0.64%, slightly below the state median of 0.65% and the national median of 0.99%. With the median home value in Ten Sleep, the typical annual property tax bill is $1,440, which is significantly lower than the national median of $2,690. Property taxes in Ten Sleep are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ten Sleep'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 Ten Sleep 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
Ten Sleep, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,427
Ownwell’s Ten Sleep Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ten Sleep with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ten Sleep 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 Ten Sleep, Wyoming
Property taxes in Ten Sleep, Wyoming, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ten Sleep is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Ten Sleep set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ten Sleep 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 Ten Sleep's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82442 has the highest median property tax rate of 0.64%, while the same zip code also has the lowest median tax rate of 0.64%. Understanding how these cities compare with Ten Sleep provides valuable insights into the varying tax landscape across Washakie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ten Sleep Tax Rate
0.64%
Average Washakie County Tax Rate
0.72%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ten Sleep, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82442 | 0.62% | 0.64% | 0.64% | 0.68% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Ten Sleep, Wyoming
In Ten Sleep, 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 Washakie 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 Ten Sleep, 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 Ten Sleep helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $223,021, with annual tax bills ranging from $617 at the 25th percentile to $4,582 at the 90th percentile. The highest and lowest median tax bills in Ten Sleep, both at $1,440, are found in the 82442 zip code.
Average Ten Sleep Assessed Value
$223,021
Average Washakie County Assessed Value
$187,653
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ten Sleep, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82442 | $37,918 | $94,184 | $223,021 | $366,252 | $719,156 |
Source: Ownwell
Property Tax Bills Across Ten Sleep, Wyoming
In Ten Sleep, Washakie County, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For homeowners in Ten Sleep, the property tax rate is influenced by the county’s budget needs and the total value of taxable property within the area. Several factors are considered in determining the assessed value, including the market value of similar properties, improvements made to the property, and any applicable exemptions. For instance, the median home price in Ten Sleep is $223,021. Homeowners in the 25th percentile can expect a tax bill around $617, while those in the 75th percentile may see bills as high as $2,340. The top 10% of homeowners face tax bills nearing $4,582. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Ten Sleep Tax Bill
$1,440
Average Washakie County Tax Bill
$1,315
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Ten Sleep, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82442 | $251 | $617 | $1,440 | $2,340 | $4,582 |
Source: Ownwell