Rock River, Albany County, Wyoming Property Taxes
The median property tax rate in Rock River, Wyoming is 0.69%, slightly higher than the state median of 0.65% but still below the national median of 0.99%. With the median home value in Rock River, the typical annual property tax bill is $384, significantly lower than the national median of $2,690. Property taxes in Rock River 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 Rock River'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 Rock River or another part of Albany County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rock River, Albany County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$351
$326
Ownwell’s Rock River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rock River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rock River 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 Rock River, Albany County, Wyoming
Property taxes in Rock River, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rock River is 0.69%, lower than both the Wyoming state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Rock River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rock River 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 Rock River's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82083 zip code has the highest median property tax rate of 0.69%, while the 82058 zip code has the lowest median tax rate of 0.62%. Understanding how these cities compare with Rock River 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 Rock River Tax Rate
0.69%
Average Albany County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rock River, Albany County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82058 | N/A | N/A | N/A | N/A | N/A |
| 82083 | 0.62% | 0.62% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Rock River, Albany County, Wyoming
In Rock River, 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 Assessor's Office 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. 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 Rock River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Rock River, the highest median tax bill is $739 in zip code 82058, while the lowest median tax bill is $379 in zip code 82083.
Property Tax Assessment Values Across Rock River, Albany County, Wyoming
Source: Ownwell
$50,765
$282,971
$515,177
Average Rock River Assessed Value
$50,876
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 Rock River, Albany County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82058 | N/A | N/A | N/A | N/A | N/A |
| 82083 | $5,825 | $17,524 | $50,765 | $100,936 | $181,673 |
Source: Ownwell
Property Tax Bills Across Rock River, Albany County, Wyoming
In Rock River, Albany County, WY, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Rock River experience a range of tax bills, with the 25th percentile paying around $158 and the 75th percentile paying up to $732. For those at the higher end, the 90th percentile tax bill reaches $1,373. The median home price in Rock River is $50,876, which influences the overall tax burden for residents. Several factors contribute to the calculation of a property tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Rock River's rates can vary significantly. For instance, the highest median tax bill in the area is $739 in zip code 82058, while the lowest median tax bill is $379 in zip code 82083. These variations affect homeowners differently, impacting their annual financial planning and overall cost of living.
Average Rock River Tax Bill
$384
Average Albany County Tax Bill
$2,125
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Rock River, Albany County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82058 | N/A | N/A | N/A | N/A | N/A |
| 82083 | $33 | $136 | $379 | $710 | $1,271 |
Source: Ownwell