Property Taxes in Wyoming
The median Wyoming property tax rate is 0.65%, which is significantly lower than the national median of 0.99%. With a median home value of $247,958, the median Wyoming property tax bill amounts to $1,635 annually. This is considerably less than the national median annual property tax bill. Property taxes in Wyoming are calculated based on the tax assessed value, which typically falls below the actual market value due to property tax exemptions, such as those for primary residences or agricultural use. Understanding your county's specific property tax system, exploring available exemptions, and recognizing opportunities for property tax reductions can lead to substantial annual savings. Whether you're in Cheyenne, Casper, Laramie, or any other Wyoming locale, familiarizing yourself with the property taxes in your area can benefit homeowners and investors alike.
Last Updated June 14, 2024
Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,612
$1,496
Ownwell’s Wyoming Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wyoming with just 2 data points. Enter your property's estimated assessed value, our calculator applies the median tax rate in Wyoming to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a county or city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Wyoming
Property taxes in Wyoming fund essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wyoming is 0.65% compared to the median tax rate in the United States of 0.99%. The tax rate is set by local government entities, and it can vary widely between different areas within the state. Put simply, each county estimates its required budget to provide services for the upcoming year, and then divides that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell that is the process followed each year. Compare a Wyoming county’s effective property tax rate to other counties in Wyoming or the US median property tax rate below. Washakie County has the highest property tax rate in Wyoming at 0.72%. Teton County has the lowest property tax rate in Wyoming at 0.53%.
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wyoming
| County | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | 0.65% | 0.65% | 0.69% | 0.69% | 0.69% |
| Big Horn | 0.53% | 0.57% | 0.60% | 0.64% | 0.67% |
| Campbell | 0.59% | 0.67% | 0.67% | 0.67% | 0.76% |
| Carbon | 0.46% | 0.51% | 0.58% | 0.61% | 0.64% |
| Converse | 0.47% | 0.50% | 0.55% | 0.59% | 0.64% |
| Crook | 0.47% | 0.51% | 0.54% | 0.58% | 0.66% |
| Fremont | 0.68% | 0.70% | 0.72% | 0.76% | 0.76% |
| Goshen | 0.63% | 0.67% | 0.70% | 0.72% | 0.73% |
| Hot Springs | 0.60% | 0.64% | 0.69% | 0.69% | 0.73% |
| Johnson | 0.65% | 0.65% | 0.66% | 0.72% | 0.72% |
| Laramie | 0.53% | 0.57% | 0.60% | 0.63% | 0.65% |
| Lincoln | 0.58% | 0.59% | 0.60% | 0.64% | 0.68% |
| Natrona | 0.64% | 0.69% | 0.69% | 0.69% | 0.69% |
| Niobrara | 0.55% | 0.66% | 0.70% | 0.70% | 0.70% |
| Park | 0.64% | 0.66% | 0.67% | 0.71% | 0.71% |
| Platte | 0.64% | 0.65% | 0.69% | 0.69% | 0.72% |
| Sheridan | 0.57% | 0.63% | 0.64% | 0.68% | 0.68% |
| Sublette | 0.58% | 0.58% | 0.59% | 0.65% | 0.65% |
| Sweetwater | 0.58% | 0.64% | 0.69% | 0.70% | 0.70% |
| Teton | 0.53% | 0.53% | 0.53% | 0.56% | 0.62% |
| Uinta | 0.60% | 0.61% | 0.65% | 0.65% | 0.66% |
| Washakie | 0.64% | 0.68% | 0.72% | 0.72% | 0.72% |
| Weston | 0.58% | 0.62% | 0.69% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Wyoming
When examining property taxes in Wyoming, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by factors such as location, property condition, and economic market trends. Market value is estimated by each Wyoming county assessor for tax purposes. The assessed value is then the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill. Assessment notices in Wyoming are sent in the spring each year. They should reach your mailbox typically by the end of April. Each property owner receives an assessment notice that contains both the market value and assessed value along with an estimate of your property tax bill. By providing insights into how assessed values and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Wyoming. Teton County reports the highest median tax bill at $11,160, while Niobrara County has the lowest median tax bill at $603.
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wyoming
| County | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | $39,469 | $190,111 | $294,660 | $407,152 | $558,384 |
| Big Horn | $35,300 | $84,504 | $158,659 | $257,697 | $386,701 |
| Campbell | $8,646 | $80,106 | $220,988 | $298,494 | $405,413 |
| Carbon | $13,725 | $46,506 | $141,657 | $247,252 | $356,373 |
| Converse | $16,235 | $89,296 | $211,678 | $300,509 | $435,867 |
| Crook | $15,509 | $47,513 | $198,902 | $336,834 | $533,444 |
| Fremont | $11,606 | $46,113 | $184,535 | $315,208 | $468,321 |
| Goshen | $12,729 | $64,260 | $154,898 | $268,440 | $438,849 |
| Hot Springs | $25,702 | $74,813 | $159,319 | $262,008 | $433,772 |
| Johnson | $44,394 | $153,126 | $283,784 | $434,597 | $639,254 |
| Laramie | $42,838 | $213,530 | $308,008 | $423,796 | $582,550 |
| Lincoln | $35,752 | $124,020 | $316,204 | $587,557 | $894,499 |
| Natrona | $18,832 | $130,891 | $218,065 | $318,108 | $449,488 |
| Niobrara | $10,800 | $31,126 | $88,394 | $187,494 | $351,238 |
| Park | $57,881 | $222,993 | $362,988 | $528,325 | $752,911 |
| Platte | $13,236 | $47,141 | $177,671 | $297,976 | $463,939 |
| Sheridan | $55,184 | $228,364 | $337,055 | $506,677 | $745,522 |
| Sublette | $49,418 | $149,905 | $283,103 | $481,537 | $727,309 |
| Sweetwater | $8,995 | $45,921 | $192,526 | $281,501 | $377,778 |
| Teton | $469,956 | $1,083,008 | $2,024,966 | $3,718,296 | $7,559,232 |
| Uinta | $12,736 | $41,379 | $195,156 | $308,057 | $431,471 |
| Washakie | $35,485 | $106,465 | $187,653 | $284,945 | $444,889 |
| Weston | $10,225 | $26,065 | $107,713 | $224,234 | $379,934 |
Source: Ownwell
Property Tax Bills Across Wyoming
In Wyoming, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Local tax rates, set by various taxing authorities such as school districts and municipalities, are then applied to this assessed value to calculate the annual property tax bill. For homeowners in Wyoming, the median home price is $247,958. Property tax bills vary significantly across the state. For example, the tax bill at the 25th percentile is $831, while the 75th percentile sees tax bills around $2,554. The 90th percentile tax bill reaches up to $4,089. Teton County has the highest median tax bill at $11,160, while Niobrara County has the lowest at $603. These property taxes fund essential public services, including education, infrastructure, and emergency services. Understanding how these factors contribute to your tax bill can help homeowners plan their finances more effectively.
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Wyoming
| County | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | $912 | $1,564 | $2,125 | $2,905 | $3,926 |
| Big Horn | $193 | $505 | $957 | $1,523 | $2,279 |
| Campbell | $647 | $1,181 | $1,601 | $2,045 | $2,774 |
| Carbon | $78 | $278 | $819 | $1,420 | $2,020 |
| Converse | $81 | $461 | $1,193 | $1,696 | $2,300 |
| Crook | $82 | $272 | $1,086 | $1,785 | $2,638 |
| Fremont | $88 | $385 | $1,362 | $2,260 | $3,338 |
| Goshen | $88 | $448 | $1,078 | $1,844 | $2,956 |
| Hot Springs | $189 | $538 | $1,094 | $1,778 | $2,947 |
| Johnson | $320 | $1,062 | $1,949 | $2,956 | $4,267 |
| Laramie | $263 | $1,243 | $1,816 | $2,478 | $3,336 |
| Lincoln | $264 | $937 | $2,068 | $3,703 | $5,528 |
| Natrona | $128 | $884 | $1,493 | $2,191 | $3,083 |
| Niobrara | $68 | $205 | $603 | $1,296 | $2,321 |
| Park | $393 | $1,528 | $2,484 | $3,572 | $5,005 |
| Platte | $93 | $310 | $1,176 | $1,954 | $3,027 |
| Sheridan | $321 | $1,502 | $2,226 | $3,270 | $4,778 |
| Sublette | $316 | $934 | $1,756 | $2,895 | $4,359 |
| Sweetwater | $53 | $302 | $1,311 | $1,932 | $2,607 |
| Teton | $2,555 | $5,978 | $11,160 | $20,481 | $41,862 |
| Uinta | $91 | $371 | $1,317 | $1,993 | $2,759 |
| Washakie | $249 | $743 | $1,315 | $1,961 | $3,016 |
| Weston | $62 | $170 | $742 | $1,570 | $2,595 |
Source: Ownwell