Bosler, Wyoming Property Taxes
The median property tax rate in Bosler, Wyoming is 0.65%, aligning with the state median but lower than the national median of 0.99%. With the median home value in Bosler at $515,177, the typical annual property tax bill reaches $3,447, surpassing the national median of $2,690. Property taxes in Bosler are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bosler'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 Bosler 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
Bosler, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$3,349
Ownwell’s Bosler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bosler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bosler 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 Bosler, Wyoming
Property taxes in Bosler, Wyoming, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Bosler is 0.61%, which is lower than both the Wyoming state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Bosler set these rates annually, and they can vary across different neighborhoods. Each year, Bosler 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 Bosler's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82051 zip code has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Bosler provides valuable insights into the varying tax landscape across Albany County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bosler Tax Rate
0.65%
Average Albany County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bosler, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82051 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Bosler, Wyoming
In Bosler, 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 Albany 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 Bosler, 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 Bosler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in zip code 82051 are both $3447.
Average Bosler Assessed Value
$515,177
Average Albany County Assessed Value
$294,660
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bosler, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82051 | $36,940 | $208,532 | $515,177 | $751,026 | $891,017 |
Source: Ownwell
Property Tax Bills Across Bosler, Wyoming
In Bosler, Albany County, WY, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the home's location, size, and condition. For instance, the median home price in Bosler is $515,177, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $1,769, while those in the 75th percentile face bills up to $4,869. The 90th percentile sees tax bills as high as $5,958. Compared to the national median property tax rate of 0.99%, Bosler's rates may appear more favorable or less favorable depending on specific circumstances. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding these factors can help residents better anticipate their financial responsibilities.
Average Bosler Tax Bill
$3,447
Average Albany County Tax Bill
$2,125
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Bosler, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82051 | $346 | $1,769 | $3,447 | $4,869 | $5,958 |
Source: Ownwell